Novaland Investment Group Corporation (Novaland, stock code: NVL, listed on HoSE) has recently released a report detailing the results of its employee stock ownership plan (ESOP) offering and the issuance of ESOP bonus shares to its employees.
As of October 9th, Novaland successfully offered 48.7 million ESOP shares to 393 employees. With an offering price of VND 10,000 per share, the company is expected to raise over VND 487.5 billion, which will be utilized to bolster its business operations and working capital.
On the same day, Novaland completed the distribution of 48.75 million ESOP bonus shares to 577 employees. These shares are subject to a one-year transfer restriction.
The funding for this initiative was sourced from the company’s share premium reserve, as outlined in the audited standalone financial report for 2024. The primary objectives of these ESOP issuances are to recognize the contributions of employees to the company’s business operations and to foster long-term commitment from skilled and experienced personnel.
This initiative also aims to motivate employees to actively contribute to the company’s sustainable growth and share in its achievements. Among the beneficiaries, General Director Duong Van Bac received 7.34 million ESOP shares and an equivalent number of bonus shares, while Bui Dat Chuong, the brother of Chairman Bui Thanh Nhon, received 1.5 million ESOP shares and the same number of bonus shares.
The transfer of the issued shares is scheduled for October-November 2025. Upon completion of both issuances, Novaland’s total outstanding shares will increase from over 1.95 billion to nearly 2.05 billion, raising its charter capital from over VND 19,501 billion to more than VND 20,476 billion.
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