LAHORE: Netsol Technologies Limited has executed the transfer of treasury shares to its eligible employees as part of the Company Employees Stock Option Scheme (ESOS), marking a significant corporate development.

The information, disclosed under Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the PSX Regulations, details the sale of 93,213 treasury shares. The transaction was conducted at a price of Rs.77.84 per share through the employees' Central Depository System (CDS) accounts. This move follows a Special Resolution passed during the Extra-Ordinary General Meeting (EOGM) on December 31, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this transfer aligns with Regulation 13(6)(b) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, which facilitates the distribution of shares to employees under approved stock option schemes.

Netsol Technologies Limited, operating within the designated market category of technology and software services, continues to leverage such initiatives to enhance employee engagement and align interests with the company’s long-term objectives.