Citizens Development Business Finance PLC has announced the establishment of an Employee Share Option Plan offering 2.97 million shares or 5% stake in the company.
The period in which the stake will be offered is from 1 September 2021 to 1 September 2023. The stated capital is Rs. 2.3 billion comprising 69.44 million ordinary voting shares and 10.34 million non-voting shares.
The ESOP is subject to approval by the Colombo Stock Exchange and shareholders.