Allotment of Equity Shares under TBZ ESOP, 2011, cancellation of unexercised Stock Options and increase in paid-up share capital of the Company

Tribhovandas Bhimji Zaveri Ltd has informed BSE that the Company by way of Resolution by Circulation passed by the members of the Board of Directors of the Company on June 10, 2014, have issued and allotted 15,905 Equity Shares in form of 10,902 Stock Options and 5,003 Restricted Stock Units (RSUs) at the exercise price of Rs. 149.93 and Rs. 10 each respectively to the eligible employees of the Company. The said shares will rank pari passu with the existing shares of the Company in all respect.

Out of the total 17,288 vested options, employees have exercised 15,905 options and the Company has allotted the same. The balance of 1,383 options which were vested and not exercised by the employee have been lapsed and cancelled.

The paid-up shares of the Company will increase from 6,67,03,995 to 6,67,19,900 Equity Shares and the paid-up share capital of the Company will increase from Rs. 66,70,39,950 to Rs. 66,70,66,71,99,000 on passing of the Resolution by Circulation for the allotment of Equity Shares under TBZ ESOP, 2011.

Source : BSE - www.bseindia.com

Published on June 10, 2014
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