Dubai – Mubasher: DXB Entertainments said its shareholders will discuss on 18 April the launch of an Employee Share-based Incentive Plan (ESOP) through the issue of up to 155 million new shares, according to a bourse filing.
The shares will be issued on specific allocation dates, after the approval of the Securities and Commodities Authority (SCA).
Total period of the programme will be two years, from 1 May 2017 to 30 April 2019.
The shareholders will also consider increasing the number of board members to nine.
