📈 Dialog Axiata Proposes Long-Term Share Incentive Plan for Employees

Dialog Axiata PLC has announced plans to introduce a Long-Term Incentive Plan (LTIP) to attract, retain, and reward high-performing talent across the group, subject to shareholder and regulatory approvals. • Key Figures & Share Issue: The company plans to issue up to 184,006,700 ordinary shares, representing 2% of its current issued share capital, to eligible employees. No single employee can receive more than 1% of the total issued shares. • Pricing & Financials: The reference price for the shares will be linked to the 30-day volume-weighted average market price (VWAP) prior to the grant date. As of March 31, 2006, Dialog’s stated capital stands at Rs. 39.9 Bn, represented by 9.2 Bn ordinary shares. • Corporate Context: The scheme covers over 2,800 employees across Dialog and its subsidiaries. It aims to align workforce interests with long-term shareholder value, reflecting modern talent-retention strategies within Sri Lanka's critical telecommunications and ICT landscape. • Next Steps: The implementation is pending approval in principle from the Colombo Stock Exchange (CSE) for listing the new shares, alongside shareholder clearance via a special resolution at an upcoming General Meeting.