Thursday May 21, 2026
Thursday May 21, 2026
Thursday, 21 May 2026 06:10 - - {{hitsCtrl.values.hits}}
Dialog Axiata PLC yesterday announced plans to introduce a Long-Term Incentive Plan (LTIP) for employees of the company and its subsidiaries, subject to shareholder and regulatory approval.
The company said its Board of Directors approved the establishment of the proposed LTIP by circular resolution dated 19 May 2026.
The scheme is intended to attract, retain, and reward high-performing employees across the Dialog Group while aligning employee interests with the long-term interests of shareholders.
Under the proposal, the maximum number of shares that may be issued to eligible employees will amount to 184,006,700 ordinary shares, representing 2% of the company’s current issued share capital.
Dialog said adjustments would be made proportionately in the event of corporate actions affecting the number of issued shares to avoid any detriment to existing shareholders or plan participants.
The company also stated that no individual employee would be entitled to receive more than 1% of the total issued shares of the company at any given time under the proposed scheme. Dialog Axiata has over 2,800 employees.
Shares issued under the LTIP will be granted in consideration of services rendered to the company and the wider Dialog Group.
The reference price for shares issued under the scheme will be based on the volume weighted average price (VWAP) of Dialog shares over the 30 market days immediately preceding the relevant grant date.
Dialog disclosed that its current stated capital stands at Rs. 39.9 billion represented by 9.2 billion ordinary shares as at 31 March 2026.
The company said the proposed issue is subject to approval in principle from the Colombo Stock Exchange (CSE) for the listing of shares issued under the scheme, as well as shareholder approval by way of a special resolution at a General Meeting.
