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JM Financial Ltd.

BSE: 523405 Sector: Financials
NSE: JMFINANCIL ISIN Code: INE780C01023
BSE 00:00 | 24 Apr 2020 JM Financial Ltd
NSE 05:30 | 01 Jan 1970 JM Financial Ltd

Grant Of Stock Options To Eligible Employees

April 18, 2020, 9:41 am | Source: BSE

We wish to inform you that Nomination and Remuneration Committee of the Board of the Company at its meeting held today has approved the grant of 1856913 options giving rise to the issuance of equivalent number of equity shares of the face value of Re. 1/- each of the Company to the eligible employees. The details of grant vesting schedule and exercise period in respect of the above options are given as under:
Grant Date: April 17 2020
Total No. of Options granted : 1856913

Vesting Schedule:
Stage I- 1/3rd (618971) of options will vest on April 17 2021
Stage II- 1/3rd (618971) of options will vest on April 17 2022
Stage III- 1/3rd (618971) of options will vest on April 17 2023

Exercise Period
Stage I- April 17 2021 to April 17 2027
Stage II - April 17 2022 to April 17 2027
Stage III- April 17 2023 to April 17 2027