Netsol proposes ESOS, plans sale of 2.69 million treasury shares

Netsol Technologies Limited has proposed an employee share option scheme (ESOS) and the sale of treasury shares to employees, according to a disclosure submitted to the Pakistan Stock Exchange on Monday.

The company’s board, in a meeting held on April 30, 2026, approved recommendations to seek shareholder approval for the ESOS through a special resolution.

Under the proposed scheme, up to 5 million share options, representing around 5.57% of the existing paid-up capital, will be issued to eligible employees, including senior management.

The exercise price of the options will be set at a 50% discount to the closing market price on the date of grant. The company said the scheme is aimed at aligning employee interests with shareholders and supporting long-term growth.

Separately, the board has recommended the sale of 2,690,251 treasury shares to employees under the share option framework, in line with applicable regulations.

The board has also decided to convene an extra-ordinary general meeting (EOGM) on June 3, 2026, in Lahore to seek shareholder approval for these proposals.

The company said its share transfer books will remain closed from May 28 to June 3, 2026, with transfers received by May 27 eligible for participation and voting at the meeting.

The ESOS is intended to provide long-term incentives and support employee retention through equity participation.