Following the transaction, Mr. Thang’s ownership in the Company decreased from 4.38% to 3.013%, equivalent to nearly 7.3 million shares.
Based on the average closing price of VPI shares from June 27 to July 4, 2024, it is estimated that Mr. Thang earned more than VND 196 billion from this transaction. According to trading data, during the transaction period of the Vice Chairman of VPI, the share price of VPI increased by nearly 5%.
| VPI share price movement from early June 2024 until now |
Mr. Thang’s move comes ahead of VPI’s 2023 dividend payout in shares. Specifically, the record date for this dividend is July 26, 2024.
In this dividend payout, VPI will distribute shares at a ratio of 10:2 (on the record date, shareholders owning 10 shares will receive 2 new shares). With this ratio, VPI is expected to issue nearly 48.4 million new shares. As a result, the total number of outstanding shares of VPI will increase from nearly 242 million shares to over 290 million shares, equivalent to a charter capital of nearly VND 2,904 billion.
Ngoc Thuong
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