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| Exchange Disseminated Time | Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that 15,069 options granted by the Company in the past in relation to the financial year 2005-2006 had been exercised by the option grantees. The total number of options granted under the HOEC ESOS Scheme till date is 32,682 options equivalent of 32,682 equity shares of Re. 10/- each. The total number of options vested and exercised under the HOEC ESOS Scheme till date is 15,069 options equivalent of 15,069 equity shares of Re. 10/- each.
Further the Company has informed that since the options granted under the HOEC ESOS Scheme is administered through HOEC ESOS Trust (Trust) whereby shares are purchased by the Trust from the open market based on the options granted by the Compensation and Remuneration Committee of the Board of Directors, there is no change in the issued, subscribed or paid-up capital of the Company on account of exercise of the said options.
Further the Company has informed that 14,725 shares pursuant to the exercise of the options aforesaid have been transferred to the respective option grantees. 344 shares are to be transferred to the respective option grantees pending completion of certain formalities by them. |
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