Corporate Announcement
Security Code : 500186    Company : HINDOILEXP    
 
HOEC - Grant of Stock Options 
  Exchange Disseminated Time     
Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that the Board of Directors of the Company have, based on the recommendations of the Compensation and Remuneration Committee granted 29,043 stock options to certain eligible employees and directors.

Details of the options granted are as follows:

1. Number of options granted: 29,043. Each option represents one equity share of Rs. 10/-
each.

2. Number of ordinary shares covered under the option granted: 29,043 equity shares of Rs.
10/- each.

3. Exercise price: Rs. NIL per option

4. Vesting of options: The options granted pursuant to the Scheme shall vest on April 01, 2012.

5. Exercise: One year from the date of vesting.

The grants have been made as per the terms and conditions of the Scheme approved by the members.
 

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