Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives in management positions, in a stock exchange filing.
The total number of shares to be issued, if all of the share options are exercised in full, amounts to 27 million shares or 4.1 percent of the total issued shares, the company said.
The ESOS will “entitle the Eligible Employees to subscribe to and purchase ordinary shares in the company,” the statement said.
Textured Jersey has a market capitalization of 20.8 billion rupees. The share was trading flat at 30.50 rupees on Wednesday.