NSE board approves 387,401 shares issuance to its ESPO trust
The Nairobi Securities Exchange (NSE) Employee Share Ownership Plan (ESPO) Unit Trust has received an additional 387, 401 shares following the board’s approval.
It comes with a grant of units to qualified employees in continuation of the NSE ESOP scheme.
The scheme had earlier been approved on March 2019.
ESOP is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock.
The plan represents additional gains for employees beyond compensation through salaries and allowances.
Last year, the NSE issued 503,529 ordinary shares in March through ESOP at a market price of Ksh.6.77 per share.
The additional shares issuance raised the NSE’s issued share capital by Ksh.2 million in the year ended December 31, 2021.