SeABank to issue 42 million ESOP shares in 2023

Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code SSB) plans to issue up to 42 million shares under the Employee Stock Option Program (ESOP) in 2023 to more than 2,000 employees who have contributed to the bank's development.

Customers transact at SeABank branch

This is the 4th time SeABank has implemented ESOP for its employees, thereby creating motivation for highly effective work, while increasing benefits for employees and connecting staff.

According to the roadmap approved by the 2023 Annual General Meeting of Shareholders, SeABank will issue up to 42 million ESOP shares at a preferential price of VND 12,000/share to more than 2,000 managers and employees who meet the criteria of seniority, work efficiency, and position group. These shares will be freely transferable 50% after 1 year and 100% after 2 years of ownership.

The issuance of ESOP shares demonstrates respect, recognition and retention of senior and effective managers and employees of SeABank, thereby encouraging commitment and dedication; promoting efforts to complete assigned goals and tasks; retaining competent personnel, maintaining a stable team of managers and key employees.

In addition to being able to buy shares at preferential prices, in 2023, SeABank's shareholders will also receive 2022 dividends in shares and bonus shares at a total rate of 20.3%. This is considered a very meaningful source of encouragement, bringing great benefits to the Bank's employees.

The ESOP program has been implemented by SeABank since 2018 to increase the attachment of employees to the organization, and at the same time is a meaningful source of encouragement, bringing great benefits that the Bank gives to its employees, aiming to build an equal, cohesive, professional and humane working environment.

In previous ESOP rounds, nearly 4,700 employees have enjoyed outstanding incentives from SeABank for employees.

People

source