Southeast Asia Commercial Joint Stock Bank ( SeABank - stock code: SSB) has just announced that the leaders holding the positions of Acting General Director and Deputy General Director registered to sell a total of more than 22 million SSB shares from November 22 to December 20 through negotiated and/or order-matching transactions. The purpose is to restructure personal finances.
Specifically, Mr. Le Quoc Long, Acting General Director and Permanent Deputy General Director in charge of SeABank's operations, registered to sell 2.93 million SSB shares.
SeABank Deputy General Directors include: Mr. Hoang Manh Phu registered to sell 4.9 million shares, Mr. Nguyen Tuan Cuong registered to sell 2.38 million shares, Mr. Nguyen Ngoc Quynh registered to sell 3.89 million shares, Mr. Vu Dinh Khoan registered to sell 5.1 million shares, Ms. Nguyen Thi Thu Huong registered to sell 2.16 million shares and finally Ms. Tran Thi Thanh Thuy registered to sell 770,781 shares.
SSB stock price fluctuations in the past month, currently priced at VND23,150/share. Source: Fireant
If the transaction is successful, Mr. Long will have 272,000 shares (equivalent to 0.01%), Mr. Phu will have 318,972 shares (0.01%), Mr. Cuong will have 165,000 shares (0.007%), Mr. Quynh will have 829,568 shares (0.034%)...
Provisionally calculated with the closing price of November 17 at 23,150 VND/share, the above lot of shares is estimated to be worth more than 510 billion VND.
The move to register for sale by SeABank leaders comes as the bank has approved the adjustment to reduce the conditions for restricting the transfer of SSB shares under the 2021 ESOP program and the 2022 ESOP program for management staff on November 9.
ESOP is a form of issuing shares to employees who have made significant and long-term contributions to the company's development, helping them become shareholders. This is a way to reward and motivate employees.
According to the plan, by the end of November 2023, 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.
On the stock market, SSB stock price decreased by 10% compared to the beginning of November 2023. During the week, this stock had 2 increasing sessions on November 14 and November 15 to 23,500 VND/share, but then in the last 2 sessions it fell to the floor and down to 23,150 VND/share.
Previously, with the aim of increasing the ownership ratio, Ms. Nguyen Thi Nga, Permanent Vice Chairwoman of the Board of Directors of SeABank, registered to buy 2 million SSB shares from November 17 to December 15 by negotiation and/or order matching, at the same time, method and amount of SSB shares that Ms. Nga's son, Mr. Le Tuan Anh, registered to sell. After the successful purchase, Ms. Nga will hold 88.72 million SSB shares, equivalent to 3.616%.
Source: https://nld.com.vn/kinh-te/vi-sao-cac-sep-lon-seabank-dong-loat-dang-ky-ban-co-phieu--20231119001208634.htm
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