|
| Exchange Disseminated Time 08/08/2016 12:17:18 | V-Guard Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2016 has approved the grant of 1,13,609 Stock Options @ Rs. 10/- each and 80,000 nos. of options @ Rs. 1,705/- to eligible employees of the Company, in terms of Employee Stock Option Scheme 2013 ("ESOS - 2013"). The said options carry the right to apply for equivalent number of equity shares of the Company at its face value. Details of grant made are given below:
1. Vesting: The options shall vest over a period of 4 years on the basis of time and performance.
2. Exercise period: 6 years from the date of vesting of options.
3. Exercise price: Rs. 10/- per share for 1,13,609 number of stock options.
4. Exercise Price: Rs. 1,705/- per share for 80,000 number of stock option.
The Board meeting started at 11.00 a.m and ended at 11.45 a.m. |
|
|