The Board of Directors (BOD) of An Giang Fruit-Vegetables and Foodstuff Joint Stock Company (Antesco, UPCoM: ANT) has announced a resolution regarding the issuance of an ESOP.
According to the resolution, ANT will issue up to 240,000 shares under an Employee Stock Ownership Plan (ESOP) with the aim of attracting, retaining, and motivating key personnel, including the Board of Directors, Executive Board, Supervisory Board, and core staff, to remain committed to the company in the long term.
The issuance price will be VND 10,000 per share. Over the past year, ANT stock has shown a continuous upward trend. As of the trading session on November 6, the stock price reached VND 23,000 per share, nearly tripling compared a year earlier. Following the issuance, the company’s charter capital is expected to increase from approximately VND 184 billion to VND 186.4 billion. The total proceeds of VND 2.4 billion raised from the ESOP issuance will be used to support the company’s business operations. The issued shares will be subject to a one-year transfer restriction. The issuance is scheduled for the fourth quarter of 2024.
The ESOP shares will be distributed as follows: 72,000 shares (30%) to members of the Board of Directors, Supervisory Board, and Secretary of the Board of Directors; the remaining 168,000 shares to the Executive Board and management personnel. According to the list disclosed by ANT, the largest allocation of 23,400 shares goes to Mr. Nguyen Hoang Minh, Member of the Board of Directors and General Director; followed by Mr. Dinh Hung Dung, Chairman of the Board of Directors with 23,200 shares; and Mrs. Hoang Ngan Ha, Member of the Board of Directors, with 20,600 shares.
Danh sách người lao động tham gia chương trình phát hành ESOP của ANT.
(List of employees participating in ANT’s ESOP issuance program.)
On the afternoon of November 5th, Antesco and Ylang Holdings Joint Stock Company held a working session with the leadership of Tra Vinh Province regarding the study and investment in a high-tech fruit and vegetable processing factory project for export in Tra Vinh Province.
Mr. Nguyen Ngoc Bao, Chairman of the Board of Directors of Ylang Holdings and Member of The Board of Directors of Antesco, proposed that Tra Vinh Province create favorable conditions for Antesco to conduct a feasibility study for the investment project. This includes the development of fruit and vegetable cultivation area in the province through linkages and cooperation with cooperatives, local farmers, and the acquisition of agricultural land to cooperate and invest in crops such as vegetables, beans, corn, coconuts, passion fruit, etc. The project also involves leasing land within or outside existing industrial zones that have been planned and offer logistical advantages, in order to invest in a high-tech fruit and vegetable export processing factory and a warehouse system.
At the meeting, the Chairman of the People’s Committee of Tra Vinh Province assigned relevant departments and sectors to coordinate and create favorable conditions for investors to survey and implement the project in the near future.
Mr. Nguyen Ngoc Bao proposes high-tech fruit and vegetable export processing factory project to Tra Vinh Provincial People’s Committee.
In the first nine months of this year, ANT experienced a significant change in asset scale, increasing from less than VND 790 billion to over VND 1,068 billion, the highest level ever achieved by the company. The most notable change was observed in short-term deposits, which rose from VND 15.3 billion to VND 112.3 billion. Notably, the company’s short-term receivables from customers increased from approximately VND 35 billion to nearly VND 80 billion, with foreign clients such as Ardo UK Limited and Bergo N.V appearing on the list.
ANT’s business results for the first nine months also set new records from revenue to profit. Revenue reached VND 1,114 billion, doubling the figure from the same period last year and exceeding the annual target by 12%. Pre-tax profit came in at VND 72 billion, nine times higher than that of the same period last year, surpassing the full-year plan by 105%. Net profit reached an all-time high of VND 59 billion, more than seven times the amount recorded in the same period last year.
Source: Thu Minh