Overseas Reality goes for ESOP

Wednesday, 22 February 2012 01:26 - - {{hitsCtrl.values.hits}}

The Board of Directors of Overseas Reality has approved an Employee Share Option Plan of 3% of the ordinary shares in issue.

The ESOP amonts to 25,304,530 shares. The stated capital of the company is Rs.10,186,085,405. The ESOP is subject to Colombo Stock Exchange approval to issue and list the shares and obtaining shareholder approval through a special resolution at an extra ordinary general meeting to be held on 24 May.

Stock price of Overseas Realty yestedray closed unchanged at Rs. 10.90 after hitting a high of Rs. 11.40 with half a million shares traded.