Kaya Limited has informed the Exchange regarding Notice of Postal Ballot for amendment to the Kaya ESOP Plan 2021
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Kaya Limited has issued a postal ballot notice to its shareholders seeking their approval for amendments to the Kaya ESOP Plan 2021 (Employee Stock Option Plan). The proposed changes will be put to vote through remote e-voting, allowing shareholders to approve or reject the modifications electronically. The exact nature of the amendments (such as changes to grant limits, vesting conditions, exercise pricing, or expansion of the option pool) is not specified in the headline. Shareholders will need to review the full notice and explanatory statement before casting their votes.
ESOP amendments can dilute existing shareholders if the option pool is expanded, but they are also a common tool to retain and motivate employees. Short-term share price impact is usually limited unless the changes involve unusually large grants or favorable terms to insiders.