Allotment of Shares under Employee Stock Option Scheme
CUB · price
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City Union Bank has allotted 43,166 equity shares to Dr. N Kamakodi, MD & CEO, following exercise of stock options under the CUB Employees Stock Option Scheme 2017 Part B. The allotment was approved by the Nomination and Remuneration Committee on April 11, 2026. Shares were allotted in two series: 22,328 shares at Rs. 13.67 per share (Series II) and 20,838 shares at Rs. 154.76 per share (Series III), both with a face value of Re. 1 per share. The bank's paid-up capital has increased from Rs. 74,30,47,262 to Rs. 74,30,90,428 as a result of this allotment. This is a routine disclosure under SEBI Listing Regulations for employee stock option exercises by key managerial personnel.
This is a routine internal allotment that marginally increases the bank's share capital by 43,166 shares (approximately 0.006% dilution). The impact on existing shareholders is negligible, and no immediate market impact is expected from this disclosure.