Grant of options under OFSS Stock Plan 2014

• Security Code: 532466
• Company: OFSS

Oracle Financial Services Software Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company has on January 25, 2017 approved the grant of 750 Options under OFSS Stock Plan 2014 to the employees at an exercise price of Rs. 5/- per option subject to such approvals, if and to the extent required, on the following terms and conditions:

a. Date of Grant: January 25, 2017

b. Vesting period: Over 4 years from the date of grant in the ratio of 25% per year;

c. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each;

d. The said options shall be exercisable within a period of 10 years from the date of grant;

e. The grant shall be governed by the terms and conditions of the OFSS Stock Plan 2014; and

f. Employees to bear and pay all the applicable taxes, such as perquisite tax, at the time of vesting / exercise.