SHB will offer private placement, issue shares to existing shareholders and ESOP

According to the plan, SHB will issue a total of 750 million new shares, equivalent to 16.32% of outstanding shares.

Of which, the bank plans to privately offer 200 million shares, equivalent to 4.35% of current charter capital, to professional investors.

The offering price is determined based on the average closing price of SHB shares in 10 consecutive trading sessions prior to the date the Board of Directors issues the implementation resolution.

The proceeds from this issuance will be used to supplement working capital, invest in fixed assets and expand production and business lending activities.

At the same time, SHB will issue 459.4 million shares to existing shareholders at a ratio of 100:10, meaning each shareholder owning 100 shares will be able to buy 10 new shares, with an offering price of VND12,500/share.

The total amount of money mobilized is expected to reach VND5,742 billion, of which VND3,742 billion is for loans for production and business and project implementation, VND1,500 billion is for additional working capital and fixed assets, and VND500 billion is for personal consumer loans and home loans.

Along with the two offerings, the bank will also issue 90.6 million ESOP shares to employees at VND10,000/share. ESOP shares are restricted from transfer for 18 months. The proceeds, about VND906 billion, will be used for credit activities, meeting the capital needs of the economy .

After completing the issuances, SHB's charter capital will increase by a maximum of VND7,500 billion, to VND53,442 billion, helping the bank enter the group of 4 private joint stock commercial banks with the largest capital in Vietnam. The expected implementation time is in the fourth quarter of 2025 and 2026.

Source: https://baovanhoa.vn/kinh-te/shb-se-chao-ban-rieng-le-phat-hanh-co-phieu-cho-co-dong-hien-huu-va-esop-178257.html