Lahore February 10 2022: Shareholders resolved that, the approval of the Members of the Company be and is hereby granted to establish a Stock Option Scheme to be known as the Octopus Digital Limited Employees Share Option Scheme 2022 (the Scheme), to offer issue and grant options to eligible employees’ to subscribe up to 10% of the paid-up capital (as increased from time to time) of the Company.
Chief Executive Officer and/or Company Secretary of the company jointly and/or severally, to execute any document(s) and to take all actions necessary to give effect to the proposed resolution.
Under The Companies, the grant of options equal to or exceeding (1%) one percent of the issued or paid-up capital of the company at the time of grant of options, within one year, to identified employees be and is hereby approved.”
Shareholders also certified the grant of options to any employee of subsidiary or holding Company, be and is hereby approved.
The Board be and is hereby authorized to make modifications in the Scheme including in any ancillary documents thereto, as it may deem fit, from time to time in its absolute discretion in conformity with the provisions of the Companies Act, 2017, the memorandum of association and articles of association of the Company and any other applicable laws.
