SECP permits GGGL to issue shares to employees under ESOS

MG News | June 22, 2021 at 03:09 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 22, 2021 (MLN): Ghani Global Glass Limited, in an announcement to Pakistan Stock Exchange, said that the Securities and Exchange Commission of Pakistan (SECP) has approved the Company’s Employee Stock Option Scheme (ESOS).

As per the notice, the Company has been allowed to issue ordinary shares of Rs. 10 each representing 15% of its outstanding ordinary share capital to its eligible employees under ESOS, 2020 by way of an otherwise than right offer.

However, the aforesaid approval is subject to the following conditions:

The Entitlement Pool of the ESOS shall not exceed 25 % of the enhanced capital of the Company at any point in time and 10% of the enhanced capital in a year;
Any variation in the ESOS, if made shall be immediately reported to the Commission; and
The Company shall ensure compliance with all the applicable laws.

Copyright Mettis Link News

Related News

PSX Closing Bell: Bulls Close the Loop

Wahdat Poultry Farm secures Rs500m short-term financing facility from Saudi Pak

GAL FY26 profit surges 57%

Name	Price/Vol	%Chg/NChg
KSE100	169,043.20 125.46M	0.61% 1021.40
ALLSHR	102,244.62 384.35M	0.68% 687.69
KSE30	50,297.78 69.63M	0.61% 306.30
KMI30	240,616.56 58.52M	0.70% 1662.76
KMIALLSHR	66,324.04 212.30M	0.75% 491.93
BKTi	46,865.56 26.40M	0.56% 262.97
OGTi	34,899.40 10.33M	1.73% 593.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,620.00	77,195.00 75,655.00	535.00 0.70%
BRENT CRUDE	102.97	106.02 101.53	-2.86 -2.70%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.75 3.79%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.55 -0.40%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	100.55	102.47 99.10	-1.88 -1.84%
SUGAR #11 WORLD	18.67	18.96 18.48	-0.22 -1.16%