Axiata had implemented a share option scheme for its Boost Holdings employees by implementing in what it calls a Long Term Incentive Plan.
Boost Holding will implement the LTIP whereby up to 7% of the company’s issued and paid-up share capital at any point of time during the duration of the LTIP. As at the date of this announcement, Axiata holds effective interests of 75.43% in BHSB.
Axiata has initiated the program as a means to attract, retain, motivate and reward the selected employees and executive directors of BHSB and its subsidiaries.