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| Exchange Disseminated Time 29/10/2015 18:46:28 | Essel Propack Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on October 29, 2015, has approved the grant of 1,76,535 (One Lakh Seventy Six Thousand Five Hundred and Thirty Five) Stock Options to the new eligible employees of the Company and its subsidiaries under the Essel Employee Stock Option Scheme 2014 “ESOS 2014” representing an equal number of equity shares of face value of Rs. 2/- each to be allotted by the Company, at an exercise price of Rs. 161 per share being the closing market price of the equity shares of the Company on the National Stock Exchange of India Limited as on October 28, 2015.
The options will vest in a phased manner during a period of 3 years and may be exercised within 4 years from the date of vesting, subject to terms and conditions of the Scheme. |
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