No Va Real Estate Investment Group Joint Stock Company (Novaland, stock code NVL) has just announced a plan to issue nearly 100 million shares in the form of bonuses and preferential offers to employees.
According to the plan, Novaland will issue about 48.8 million shares to reward employees, equivalent to 2.5% of the outstanding shares. The capital source for implementation is taken from the surplus of equity capital according to the audited separate financial statements for 2024.
Bonus stocks will be limited to transfers: Regular employees will not be allowed to trade within 1 year, while key members will be limited according to the roadmap of 100% in the first year, 70% in the second year, 40% in the third year and from the fourth year onwards are free to trade.
However, Novaland offered nearly 48.8 million preferential shares to employees at VND10,000/share. Meanwhile, NVL shares ended last weekend's session at VND17,300/share, meaning the selling price was nearly 60% lower than the market price.
In total, the enterprise plans to issue about 97.5 million shares, equivalent to 5% of the outstanding shares. The implementation period is from September 5-30. All proceeds from the preferential stock sale will be supplemented with working capital and serve business activities. All issued stocks are limited to 1 year.
After completion, Novaland's charter capital will increase to VND 20,476 billion. It is estimated that the number of bonus stocks brings benefits of about 844 billion VND to staff. With the low-priced preferential stock purchase, employees can benefit an additional VND385 billion. However, the actual profit depends on the fluctuations in NVL shares after the transfer limit period expires.
Previously, at the extraordinary General Meeting of Shareholders in August 2025, Novaland approved a series of options including issuing individual shares to exchange debts to shareholders, outstanding bonds, implementing loans with the right to convert into shares and electing additional members of the Board of Directors.
