Glodyne Technoserve Limited has informed that the Compensation Committee of the Board of Directors at its meeting held on July 27, 2009, has granted 92,262 stock options (each option carrying right to apply for one Equity Share of Rs 10/- each) to the eligible employees of the Company and its subsidiary.
Against each such stock option, the eligible employees will have right to apply for and get allotted one equity share at a exercise price of Rs 534.35/- (Rupees Five Hundred and Thirty Four and Thirty Five Paise only) being the closing market price on BSE, where the trading volume in the Companys equity shares was higher, on the last trading day prior to the Meeting of Compensation Committee. The vesting period & conditions for the said options is as prescribed in grant letters.
Against each such stock option, the eligible employees will have right to apply for and get allotted one equity share at a exercise price of Rs 534.35/- (Rupees Five Hundred and Thirty Four and Thirty Five Paise only) being the closing market price on BSE, where the trading volume in the Companys equity shares was higher, on the last trading day prior to the Meeting of Compensation Committee. The vesting period & conditions for the said options is as prescribed in grant letters.
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