Ceylon Finance Today: Richard Pieris and Company plc recently informed the Colombo Stock Exchange (CSE) that it will be dissolving its employee share scheme on 24 August, 2018 as per CSE's listing rules.
The number of shares currently available under the Employee Share Option Plan (ESOP) is 7.42 million at an option price of Rs 3.15 a share which could be exercised up to 24 August, 2018 by eligible optionees, and those would be listed. Richard Pieris' shares last week closed at Rs 7.90 a share.
The company further said that when the ESOP was first adopted, which was on 29 July, 2005; it allowed the issuing of shares equal to 5% of the issued capital of the company, which at that time comprised 2.96 million shares. The option price at that time was Rs 100 a share. Consequent to further issues by the company, the number of option shares and the option price of the ESOP were revised. (PGA)
www.ceylontoday.lk
No comments:
Post a Comment