điều khoản của vượn
Vinfast also does not have lock-up restriction.
VinFast Shareholders Support Agreement
“In addition, pursuant to the VinFast Shareholders Support Agreement, each VinFast Shareholder also agreed not to transfer, during a period of 180 days from and after the Closing Date, subject to customary exceptions, (i) any VinFast ordinary shares held by such VinFast Shareholder immediately after the Closing, excluding any VinFast ordinary shares acquired in open market transactions after the Closing, (ii) any VinFast ordinary shares received by such VinFast Shareholder upon the exercise, conversion or settlement of options or warrants held by such VinFast Shareholder immediately after Closing (along with such options or warrants themselves), and (iii) any VinFast equity securities issued or issuable with respect to any securities referenced in clauses (i) and (ii) by way of share dividend or share split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction.”
Exceptions from the 180 days lock up:
1/ any VFS ordinary shares held by VF sharesholder immediately after the closing ==> aka all existing shares up to Aug 14
2/ any VinFast ordinary shares received by such VinFast Shareholder upon the exercise, conversion or settlement of options or warrants held by such VinFast Shareholder immediately after Closing ==> all shares from exercising options are exempted
3/ any VinFast equity securities issued or issuable with respect to any securities referenced in clauses (i) and (ii) by way of share dividend or share split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction ==> any shared issued for the merger are exempted.
So in short, virtually every VFS shares available at Aug 14 are exempted from 180 days lock-up.
Vinfast/Vingroup can start selling existing VFS shares without restriction if it wants to, either on exchange or off-exchange to other big investors, if it can find one !