NETSOL Decides to Sell 2 Million Treasury Shares to Its Employees

The Board of Directors of NetSol Technologies Limited PSX: NETSOL) in its meeting held today i.e., November 25, 2024, has decided to sell 2 million treasury shares to eligible employees in accordance with the Company’s Share Option Scheme and the applicable provisions of the Listed Companies (Buy-back of Shares) Regulations, 2019. The buyback/purchase of issued ordinary shares of the Company of the face value of Rs.10/- (Rupees Ten) each under Section 88 of the Companies Act, 2017 read with the Listed Companies (Buy-Back of Shares) Regulations, 2019. The following are the salient features as recommended by the BOD for shareholders’ approval:   The Board of Directors has decided to convene an Extra-Ordinary General Meeting (EOGM) of the Company on December 31, 2024. NETSOL’s scrip at the bourse closed at Rs. 135.68, up 7.07 percent or Rs. 8.96 with 5.47 million shares on Monday.