Which employees are eligible to purchase preferential shares?

According to regulations, employees whose names are on the list of regular employees of the equitized enterprise at the time of announcement of the enterprise value are entitled to buy shares at preferential prices.

The Ministry of Labor, War Invalids and Social Affairs guides Hanoi 19/5 Textile One Member Limited Liability Company on the time calculated to buy preferential shares for employees at the Company as follows:

According to the provisions of Clause 1, Article 4 of Circular No. 33/2012/TT-BLDTBXH dated December 20, 2012 guiding the implementation of policies for employees under Decree No.59/2011/ND-CPdated July 18, 2011 of the Government on converting 100% state-owned enterprises into joint stock companies, employees whose names are on the list of regular employees (receiving salaries and paying social insurance) of the equitized enterprise at the time of announcing the enterprise value are entitled to buy shares at preferential prices prescribed in Clause 1, Article 48 of Decree No.59/2011/ND-CP.

The time calculated for purchasing preferential shares is the total time calculated by the number of years the employee actually worked (worked, had his/her name on the salary payment sheet) in the state sector up to the time of announcing the enterprise value minus the actual working time calculated to purchase shares at a preferential price at the previously equitized enterprise, the actual working time calculated to enjoy the pension regime or to enjoy a one-time social insurance benefit.

The actual working time of an employee in the state sector includes the actual working time at 100% state-owned enterprises, working time at state administrative agencies, state-owned service units, socio-political organizations, and units of the armed forces receiving salaries from the state budget before working at the equitized enterprise.

Therefore, employees whose names are on the regular list of Hanoi 19/5 Textile One Member Limited Liability Company at the time of enterprise value announcement are eligible to purchase preferential shares. The time calculated to purchase preferential shares is the total actual working time in the state sector.

According to Chinhphu.vn