Hemas to issue 33.5 m shares under Employee Share Option Scheme

Monday, 25 May 2026 05:30 - - {{hitsCtrl.values.hits}}

Proposed ESOS covers 1.12% of issued shares
Current stated capital of Hemas stands at Rs. 7.99 b
Total shares under ESOS/ESOP schemes capped at 5% of issued shares

Hemas Holdings PLC said its Board has resolved to issue shares under a proposed Employee Share Option Scheme (ESOS), involving up to 33.5 million shares representing 1.12% of the company’s issued shares.

Hemas said the total number of options to be granted under the scheme would amount to 33,500,000 shares and that its current stated capital stands at Rs. 7.99 billion, comprising 2.99 billion ordinary shares.

The group also said the total number of shares to be issued under the proposed scheme, including shares previously allotted under ESOS/ESOP schemes, would not exceed 5% of the company’s total issued shares.

The company noted that the granting of options under the proposed ESOS is in compliance with the Listing Rules of the Colombo Stock Exchange and remains subject to exchange approval in principle for the issue and listing of shares issued under the scheme, as well as shareholder approval by way of a special resolution at an Extraordinary General Meeting.