SeABank to issue 42 million ESOP shares in 2023 to employees

According to the roadmap approved by the 2023 Annual General Meeting of Shareholders (AGM), 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 for SeABank 's senior managers and employees with good working efficiency, 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 a preferential price, in 2023, employees who are shareholders of SeABank will also receive 2022 dividends in shares and receive bonus shares with a total rate of 20.3%. This is considered an extremely 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 commitment of employees to the organization, and at the same time is a meaningful source of encouragement, bringing great benefits that the Bank gives to employees, aiming to build an equal, cohesive, professional and humane working environment. In previous ESOP rounds, nearly 4,700 employees have enjoyed outstanding preferential policies from SeABank for employees.

Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with more than 2.5 million customers, more than 5,400 employees and 181 transaction points nationwide. SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a diverse system of financial products and services to individuals, small businesses and large enterprises. SeABank is considered one of the pillars in the banking system with a charter capital of VND 24,537 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards.

According to the development strategy of "Digital Convergence", SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience of digital banking services, aiming to become the most favorite retail bank.

Source: https://www.congluan.vn/seabank-phat-hanh-42-trieu-co-phieu-esop-nam-2023-gia-tang-loi-ich-cho-nguoi-lao-dong-post269703.html