Wire and Wireless India Limited has informed that in terms of the approval of the equity Shareholders of the Company at the Annual General Meeting of the Company held on September 18, 2007, approving Employees Stock Options Plan (ESOP) Scheme 2007, the Remuneration Committee of the Board of Directors at their meeting held on July 16, 2009 has approved grant of 28,08,800 Stock Options to 36 eligible employees.
These Stock Options are convertible upon exercise, into equivalent number of Equity Shares of Re 1/- (Rupee One Only) each at an exercise price of Rs 17.45 (Rupees Seventeen and Paise Forty Five Only) per equity share i.e. the closing market price of the equity shares of the Company on the previous trading day at the National Stock Exchange of India Limited being the exchange where highest volume traded on July 15, 2009.
These Stock Options are convertible upon exercise, into equivalent number of Equity Shares of Re 1/- (Rupee One Only) each at an exercise price of Rs 17.45 (Rupees Seventeen and Paise Forty Five Only) per equity share i.e. the closing market price of the equity shares of the Company on the previous trading day at the National Stock Exchange of India Limited being the exchange where highest volume traded on July 15, 2009.
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