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.

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The following are the salient features as recommended by the BOD for shareholders’ approval:

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Description	BOD Recommendation
Number of Total Shares to Buy Back	Up to 10 million shares
Purpose	Treasury shares
Purchase Price Per Share	The shares shall be purchased from time to time at the spot/current share price acceptable to the Company prevailing during the purchase period as per Section 88 (8) & Listed Companies (buy-back of shares) Regulations, 2019 Reg.8 (2).
Purchase Period	January 03, 2025 to June 29, 2025 or till such date that purchase is complete, whichever is earlier
Source of Funds	The purchase will be made out of distributable profits of the company using its own funds.
Justification and Impact on Financial Position of Company	It is expected to positively impact on the Company’s financial position, including an increase in the break- up value and earnings per share. This buy-back also offers an exit opportunity for members who wish to fully or partially liquidate their investment, including those unable to do so during the previous buy-back.