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GEOMETRIC LTD. - Allotment of Equity shares to Geometric Employees Stock Option Trust ("ESOP Trust")
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15 Feb 2017
Geometric Ltd has informed BSE that the Company has received an application for allotment of 526,600 equity shares against unexercised options by the employees of Geometric Limited and its subsidiaries from the ESOP Trust, set up for the purpose of permitting cashless exercise by the employees of their unexercised stock options, pursuant to the Composite Scheme of Arrangement and Amalgamation.&lt;BR&gt;&lt;BR&gt;The Board has passed the resolution by circulation and have approved the allotment of 526,600 (Five lakhs twenty six thousand six hundred only) Equity shares of Rs. 2/- each on the exercise of stock options under the ESOP Scheme 2011, ESOP Scheme 2013 - Employees and ESOP Scheme 2013 -Directors to ESOP Trust.
View all announcements for GEOMETRIC LTD. Source: BSE India