NETSOL Technologies Ltd. has announced the successful sale of 241,828 treasury shares to eligible employees under the company’s Employees Stock Option Scheme (ESOS).Â
The company shared this development through a notice to the Pakistan Stock Exchange (PSX) on Wednesday.Â
The sale was carried out in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations.
The transaction, which follows a special resolution passed during the Extra-Ordinary General Meeting (EOGM) on December 31, 2024, saw shares sold at Rs. 77.84 per share to employees via their Central Depository System (CDS) accounts.
The company confirmed that the sale was conducted in accordance with Regulation 13(6)(b) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. This move is part of the company’s ongoing efforts to strengthen employee engagement and align their interests with the long-term success of NETSOL Technologies.
NetSol Technologies Limited incorporated on August 22, 1996 under the repealed Companies Ordinance, 1984, (Now Companies Act 2017) as a private company limited by shares and was later on converted into a public limited company. The company’s key business is development and sale of computer software and allied services in Pakistan as well as abroad.
