Employees’ share option scheme at Hemas
View(s):Hemas Holdings iss introducing an Employee Share Purchase scheme (ESPS) for senior management of the company to purchase ordinary shares of the group, according to a May 22 decision made by its board of directors.
The total number of new shares proposed to be issued by the company under this scheme is 10 million (ordinary shares). A statement from the company said this number of shares to be issued, including those which have been allotted previously under an ESOS/ESOP scheme, will not exceed 5 per cent of the total issued shares of the company.
“The share under this scheme will be offered to the eligible employees at a 15 per cent discount on the Volume Weighted Average price of the shares of the Company taking into consideration all share transactions of the company during the 30 market days immediately preceding the grant date,” it said.
The capital of the company to-date is Rs. 1.6 billion from the issue of 515 million shares.
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