Pham Nhat Vuong's son registers to buy Vingroup shares for the first time

Mr. Pham Nhat Quan Anh, son of Mr. Pham Nhat Vuong - Chairman of the Board of Directors (BOD) of Vingroup Corporation (stock code: VIC) and Ms. Pham Thu Huong - Vice Chairman of the Board of Directors of Vingroup, has just sent a document to the management agency announcing the registration to buy 150,000 VIC shares. The transaction is expected to be carried out on December 21.

Notably, Mr. Pham Nhat Quan Anh is said to not hold any position at Vingroup, nor does he hold any shares of this corporation. Accordingly, the transaction registration notice is for the case where the person making the transaction is a related person of an insider.

Mr. Pham Nhat Vuong and Ms. Pham Thu Huong (Photo: Bloomberg, Vingroup).

According to Vingroup's management report, Mr. Vuong's three children, Pham Nhat Quan Anh, Pham Nhat Minh Hoang and Pham Nhat Minh Anh, as well as daughter-in-law Bui Lan Anh, do not hold any VIC shares.

Previously, Vingroup announced the issuance of 9.88 million ESOP shares at a price of VND10,000/share to leaders and key managers of the group and its subsidiaries to recognize the contributions and dedication of leaders to the development of the group; encourage and motivate; enhance the role, responsibility and engagement, and retain key, high-quality personnel.

The shares will be restricted from transfer within one year from the date of completion of the issuance. The time to receive money to buy shares is within 10 days, from December 11 to December 21.

On the stock market, VIC shares are priced at VND43,700/share (according to the closing price on December 15), 18.77% lower than the beginning of the year.

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