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Awaiting price reaction for this filing.
Shareholders of Flomic Global Logistics approved the Flomic Employee Stock Option Scheme (ESOP 2025) through a Special Resolution at the 44th Annual General Meeting held on September 24, 2025. The Board had earlier approved the plan on August 22, 2025. Under the scheme, the company can grant stock options up to 7% of its issued equity share capital, with vesting spread equally over the 3rd, 4th, and 5th years from the grant date. The exercise price will be based on the average closing market price on the grant date, and no single employee can receive more than 1% of issued equity capital in any financial year. The scheme is aimed at attracting, retaining, and motivating key talent across the company and its subsidiaries.
This is a routine employee compensation announcement and not material to short-term stock price. Existing shareholders may see minor dilution risk (up to 7% of equity) if options are fully granted and exercised in the future, but the staggered 5-year vesting limits immediate dilution.