VNG allocates the most ESOP shares to Mr. Vuong Quang Khai

The Board of Directors of VNG Corporation (VNZ) has just announced a resolution to implement the plan to issue shares under the employee stock option program (ESOP) in 2024.

Accordingly, the Company plans to issue nearly 641,000 shares, equivalent to 2.23% of the total outstanding shares. The selling price is 30,000 VND per unit, which is only 8.3% of the closing market price on March 5. The expected implementation time is this year.

The people who are eligible to buy ESOP shares are the board of directors, management board and employees of VNG and companies in this group who are not foreigners.

Mr. Vuong Quang Khai, Deputy General Director of VNG.

The company also announced that Deputy General Director Vuong Quang Khai was the one who was allocated the most shares with nearly 135,000 shares, accounting for more than 21% of the total ESOP amount this time. Following him were Deputy General Director Nguyen Le Thanh, Executive Director in charge of Zalo Nguyen Cong Chinh and Executive Director in charge of Game Nguyen Khanh Trung.

Regarding business performance, the unaudited financial report for the fourth quarter of 2024 shows that VNG recorded about VND9,505 billion in revenue, an improvement of 25%. The slower increase in cost of goods sold helped gross profit increase by 51% to VND3,444 billion.

However, losses in joint ventures and associates increased, while regular expenses were reduced but remained high. As a result, VNG's after-tax profit recorded a negative VND1,018 billion.

Source: https://daibieunhandan.vn/vng-phan-bo-co-phieu-esop-nhieu-nhat-cho-ong-vuong-quang-khai-post406591.html