Please find enclosed herewith intimation for allotment of Equity Shares pursuant to exercise of ESOP option
BBOX · price
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Black Box Limited has allotted 1,03,950 equity shares of Rs. 2 each to eligible employees under the Employee Stock Option Scheme 2015. The shares were issued at an exercise price of Rs. 85 per share with a premium of Rs. 83 per share. Following this allotment, the company's paid-up capital has increased from 17,74,95,255 shares to 17,75,99,205 shares aggregating to Rs. 35,51,98,410. The shares are held in dematerialized form with no lock-in restrictions and are identical to existing shares in all respects.
Minor dilution of approximately 0.06% for existing shareholders. This is a routine ESOP exercise with no significant impact on the stock price.