Shareholders of software giant FPT approved the payment of dividends in 2006 and 2007 in the firm’s annual shareholders meeting on Sunday.
Under the plan, each FPT shareholder would receive a 12% of dividend in cash and one additional share from two existing share already held.
Employees who have been with the company for at least two years would also be eligible to buy preferential shares at their face value of VND10,000 ($0.63) so long as the total value of such shares accounted for no more than 0.5% of FPT’s charter capital.
Those who buy preferential shares would have to make a contractual commitment to work for FPT for at least three more years and, during that time, not to transfer their shares.
FPT would also award common shares with a face value of VND10,000 to staff who have performed well and contributed to the company’s growth. The total value of such shares would not be able to exceed 0.75% of charter capital.
The company announced that, to fund business expansion, it would increase its charter capital by releasing additional common shares with a total value not to exceeding 10% of total capital.
Nguyen Diep Tung, a member of the FPT management board, said that the company in 2006 met its target for the year of a turnover of nearly VND11.7 trillion ($730 million), representing a year-on-year increase of 42.4%. Net profits rose 60.5%.
Source: VNS
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