The introduction of ESOS marks a significant step in recognizing and rewarding the contribution of employees, while also reinforcing the Company’s commitment to creating a culture of ownership, motivation, and shared success.
By giving employees, the opportunity to become shareholders, WindForce aims to strengthen the alignment of employee aspirations with the long-term vision of the Company.
Under this initiative, WindForce PLC will issue up to 40,523,068 ordinary voting shares (equivalent to 3% of the pre-ESOS issued shares) over a period of five years.
The first tranche, comprising 1%,13,507,689 shares, has already been granted to eligible employees.
The scheme is designed for senior employees with eligibility based on designation and years of service.
Shares will vest in five tranches enabling employees to participate sustainably in the Company’s growth journey.
The exercise price for each grant will be based on the Volume Weighted Average Price (VWAP) of WindForce shares prior to the respective grant date.
The award ceremony held in Colombo celebrated this milestone, underscoring WindForce PLC’s unwavering commitment to empowering its people, fostering loyalty, and driving long-term shareholder value.