DSC Securities Extends Offer Period for Over 35 Million Shares to Shareholders

DSC Securities Corporation (stock code: DSC, listed on HoSE) has recently approved an extension for the exercise period of its rights issue, offering existing shareholders the opportunity to purchase additional shares.

The deadline for exercising the rights has been extended to October 31, 2025, from the original date of October 28, 2025. Similarly, the subscription and payment period has been prolonged until November 11, 2025, instead of November 5, 2025.

This adjustment aims to provide existing shareholders with more time to participate in the rights issue, ensuring the success of the offering.

DSC is currently offering 35.33 million shares to its existing shareholders at a price of VND 10,000 per share. The rights ratio is set at 100:17.25, meaning for every 100 shares held, shareholders can acquire 17.25 additional shares. The record date for determining eligible shareholders was October 6, 2025.

The newly issued shares will be unrestricted and tradable. The proceeds from this offering will be utilized to expand the company’s capital base, including funding margin lending activities and advance payments for securities transactions.

In a related development, Mr. Nguyen Duc Anh, Chairman of DSC’s Board of Directors, has registered to transfer all 72.99 million of his rights to purchase additional shares through a negotiated transaction between October 24 and 28, 2025, at an expected value of VND 0.

These rights would allow the acquisition of up to 12.59 million new shares from the offering.

This move suggests that the young Chairman may opt out of participating in the rights issue for existing shareholders.

On October 6, DSC completed the issuance of 34.8 million shares as dividends to 1,647 shareholders. The remaining 89 fractional shares will be canceled.

The dividend ratio is 100:17, allowing shareholders holding 100 shares to receive 17 new shares. These dividend shares are also unrestricted and tradable. The share transfer is expected to occur in 2025 or early 2026.

These actions are part of a three-pronged capital increase plan approved by DSC shareholders in June 2025. Following the dividend issuance and rights issue, DSC plans to issue 5 million shares under an Employee Stock Ownership Plan (ESOP) at VND 10,000 per share.

This ESOP issuance represents 1.82% of the total shares outstanding after the dividend and rights issues.

The ESOP shares will have transfer restrictions: 40% can be transferred after one year, 30% after two years, and the remaining 30% after three years. The funds raised will be allocated to margin lending activities.

Upon completion of all three issuance plans, DSC’s total shares outstanding will increase from 204.84 million to 279.9 million, corresponding to a chartered capital of VND 2,799 billion.