|
The biggest beneficiaries are Mr. To Hai and his wife, who collectively own 27.61% of the company’s charter capital. Mr. Hai holds 22.44%, while his wife, Mrs. Truong Nguyen Thien Kim, owns the remaining 5.17%.
Since its listing on the HOSE in 2017, VCI has consistently paid dividends, ranging from one to two times per year. The highest dividend payout was in 2021, at 42%, which included a 12% cash dividend and a 30% stock dividend. Most recently, in 2022, the company maintained a 12% cash dividend.
According to the resolutions of the Annual General Meeting of Shareholders, the expected dividend payout ratio for 2024 is between 5-10%, with the decision delegated to the Board of Management.
VCI will not be paying dividends for 2023. Instead, the General Meeting of Shareholders approved a plan to issue 132.57 million bonus shares from the company’s equity capital, equivalent to a ratio of 30% (receiving 3 new shares for every 10 shares held). These bonus shares are not subject to transfer restrictions.
The issuance is scheduled to take place in 2024, after the company completes its ESOP offering and obtains approval from the State Securities Commission.
Additionally, VCI plans to offer 4.4 million ESOP shares, equivalent to over 1% of its charter capital, at a price of 12,000 VND per share.
Furthermore, the company also intends to privately offer 143.63 million shares to professional securities investors. The offering price will not be lower than 16,849 VND per share, equivalent to a minimum amount of 2,420 billion VND. The offering is expected to take place in 2024 and the first quarter of 2025.
Both the ESOP shares and the privately placed shares will be restricted from transfer for one year from the issuance date.
If all these plans are successfully executed, VCI will have issued an additional 280.6 million shares, increasing its charter capital from 4,375 billion VND to 7,181 billion VND.
In terms of business performance, in the second quarter of 2024, VCI reported a net profit of over 279 billion VND, the highest in the past eight quarters and a 140% increase compared to the same period last year. This growth was mainly attributed to the proprietary trading segment, which realized profits from certain investments. For the first six months of the year, net profit increased by 151% to 477 billion VND, achieving 80% of the full-year plan.
| VCI’s Quarterly Financial Results for 2022-2024 |
Following the market’s recovery trend, VCI‘s share price increased by 5.39% to 43,000 VND per share on August 6, with a trading volume of nearly 4.6 million shares. Compared to its peak of 54,000 VND per share in late March, the company’s share price is still 20% lower.
| VCI’s Share Price Movement since the Beginning of 2024 |
For personal purposes, Mr. Nguyen Quang Bao, Director of the Hanoi Branch and Deputy General Director of VCI, registered to sell 2.8 million VCI shares from July 30 to August 28. If successful, Mr. Bao’s ownership will decrease from 2% to 0.089% of VCI’s capital (equivalent to 395,320 shares).
VCI’s Deputy General Director intends to sell 2.8 million shares
Many banks announce shareholder meetings and reveal dividend distribution plans
Up to this point, 10 banks have announced their annual general meeting plans for 2024 and dividend distribution plans, which have attracted the interest of shareholders.
