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BRITANNIA INDUSTRIES LTD. - Updates on Grant of Stock Options under ESOS
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02 Jun 2015
With reference to the earlier letter dated May 21, 2015 &amp; May 26, 2015, Britannia Industries Ltd has now informed BSE that &lt;BR&gt;75,000 Stock Options have been granted to Mr. Varun Berry, Managing Director with vesting over 3 years; i.e. 1/3 every year.&lt;BR&gt;&lt;BR&gt;Vesting period was wrongly mentioned inadvertently in the aforesaid letters.&lt;BR&gt;&lt;BR&gt;To summarize, these Options have been granted subject to the terms and conditions governing the ESOS including the following:&lt;BR&gt;&lt;BR&gt;ESOS : 75,000 Stock Options&lt;BR&gt;&lt;BR&gt;Vesting period : A minimum period of one year from the date of grant and vesting over 3 years; i.e.1/3 every year.&lt;BR&gt;&lt;BR&gt;Exercise price : Rs. 2332.05/- per share. (Market price as at the close of May 20, 2015)&lt;BR&gt;&lt;BR&gt;Exercise period : To commence from the date of vesting and to expire not later than 3 years from the date of each vesting.
View all announcements for BRITANNIA INDUSTRIES LTD. Source: BSE India

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