Headlines Property

Sana all! Ayalas to beef up stock option plan by P4B to ‘attract, reward, retain’ key employees in ALI

Ayala Land Inc. led by bilyonaryo Fernando Zobel is adding roughly P4 billion in additional employee perks to retain its edge as the country’s leading property concern.

The ALI bard has endorsed for stockholders’ approval on April 21 its plan to increase the share allocation for its employee stock ownership (ESOWN) plan to three percent of its authorize capital stock from the current 2.5 percent.

The move would make available 100 million additional shares for purchase by its employees at a discounted price (based on the average price of ALI shares over the last 15-day trading less 15 percent discount).

ALI shares last traded at P38.50 on 5 March 2021.

“The increase in the allocation is to continue the effective reward mechanism that has enabled the company to attract, reward and retain key talents in the organization,” ALI said.

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