NetSol sells 72,370 treasury shares to employees under ESOS

According to Mettis Global, NetSol Technologies Limited has handed over 72,370 treasury shares to qualifying personnel at Rs77.84 apiece under its staff share plan, known as ESOS. The shares were credited to the recipients' CDS accounts, and the company informed the Exchange through a formal notification.

The disposal rests on a special resolution approved at an extraordinary general meeting on December 31, 2024, which permitted treasury stock to be handed to eligible staff within that plan. The transfer was carried out under Regulation 13(6)(b) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The notice also cited the Securities Act, 2015 and clause 5.6.1(a) of PSX rules as the basis for disclosure. The notice serves as the company's formal record of the transfer.