Netsol Technologies Limited (NETSOL) has transferred/sold 24,310 treasury shares to its eligible employees under the Employees Stock Option Scheme (ESOS).

The company announce this development in their latest filing with Pakistan Stock Exchange (PSX).

“Pursuant to the Special Resolution passed in the Extra-Ordinary General Meeting (EOGM) held on December 31, 2024, the Company approved the sale of treasury shares to eligible employees under the Company’s Employees Stock Option Scheme (ESOS), in accordance with Regulation 13(6)(b) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.
Accordingly, the Company has further transferred/sold 24,310 treasury shares at Rs.77.84 per share to the respective employees through their CDS accounts.”

What is Employee Stock Option Scheme?

An Employee Stock Option Scheme (ESOS) is a compensation arrangement through which employees are granted the right, without any obligation, to purchase company shares at a predetermined exercise price after completing a specified vesting period.

Securities and Exchange Commission of Pakistan(SECP) has issued comprehensive guidelines for structuring and offering of the employees stock option schemes.
https://www.secp.gov.pk/document/guidelines-for-structuring-and-offering-of-the-employees-stock-option-schemes/