- NDBIB designed the ESOP ensuring in particular non - prejudicial treatment of employees at each level and the aligning of interests of shareholders and employee in order to create of long-term loyalty/commitment to the Company. The ESOP was also aimed at improving performance orientation and motivation of the employees. NDBIB also obtained necessary regulatory approvals and co-ordinated documentation pertaining to the implementation of the ESOP.
- Carried out business and legal due diligence: Extensive legal and business due diligence was performed as a backdrop to valuations, research, restructuring, implementation of ESOP and in particular to facilitate listing.
- Recommended and implemented a suitable capital structure: Restructuring was primarily carried out in order to ensure affordable pricing of the share through a bonus and share split. Additionally, the capital structure was optimised in terms of gearing to be in line with industry norms given the limits stipulated by debt providers and regulators. The capital structure was also designed to support future growth of the company.
