NetSol Technologies Limited (PSX: NETSOL) has executed a transfer of 96,244 treasury shares to its eligible employees.
The shares were transferred, or sold, to employees through their Central Depository System (CDS) accounts at a price of Rs 77.84 per share. The total value of the transaction amounts to approximately Rs 7.49 million.
This action was taken in accordance with a Special Resolution passed by the company’s shareholders during an Extra-Ordinary General Meeting (EOGM) held on December 31, 2024. The resolution approved the sale of treasury shares under the company’s established Employees Stock Option Scheme (ESOS).
As per regulatory requirements, the company has formally notified the Pakistan Stock Exchange (PSX) of this transaction.
Such share transfers are a common corporate practice to align employee interests with company performance and to serve as a long-term incentive, rewarding and retaining key talent within the organization.
