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| Exchange Disseminated Time | Emkay Global Financial Services Ltd has informed BSE that Remuneration / Compensation Committee of the Board in its meeting held on June 19, 2009, have approved the following:
1. Allotment of 16500 shares of Rs 10/- each to the eligible employees under Employee Stock Option Plan 2005 (ESOP 2005). Consequent to the allotment, the paid up share capital of the Company has gone up from 2,42,78,250 shares of Rs 10/- each to 2,42,94,750 shares of Rs 10/- each.
2. Re-pricing of the 13,45,500 (14,42,000 minus lapsed 96,500) Stock Options at Rs 63/- per option granted on January 17, 2008 under Employee Stock Option Plan 2007 (ESOP 2007). Revised price shall be applicable to all vested but not exercised and all also on unvested options.
3. Grant of 2,44,000 stock options representing equivalent number of equity shares of Rs 10/- each at the price of Rs 63/- per option, to the employees of the Company under Employee Stock Option Plan 2007 (ESOP 2007). These 2,44,000 stock options shall vest in the following manner
- April 01, 2012 - 30%
- April 01, 2013 - 30%
- April 01, 2014 - 40%
The exercise period for the options shall be 3 (Three) years from the date of vesting. |
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