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| Exchange Disseminated Time | Infomedia 18 Ltd has informed BSE that pursuant to the Company's Employees Stock Option Plan 2007 (ESOP 2007), the Compensation Committee of the Board of Directors has, at its meeting held on April 02, 2009, granted 9,67,500 Warrant (Stock Options). Upon vesting each such Warrant shall entitle the holder thereof to subscribe to one EQUITY SHARE in the Company at an exercise price of Rs 57.3. Maximum exercise period is three years from the issue of Warrant i.e. April 01, 2012 and would vest as per details given below:-.
1. Date of Vesting: First vesting on April 01, 2010
- No. of Options: 387000
2. Date of Vesting: Second vesting on April 01, 2011
- No. of Options: 290250
3. Date of Vesting: Third vesting on April 01, 2011
- No. of Options: 290250. |
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