Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands has allotted 30,115 equity shares to eligible employees who exercised their stock options under the company's ESOP 2008 plan. Each share has a face value of Rs. 5 and was issued at an exercise price of Rs. 228, meaning a premium of Rs. 223 per share. As a result, the company's paid-up equity capital has gone up slightly from Rs. 1,361,266,480 to Rs. 1,361,417,055, with total shares rising from 272,253,296 to 272,283,411. The company has clarified that this allotment is not material in nature.
This is a routine, small ESOP allotment (about 0.01% of total shares) and is unlikely to have any meaningful effect on the stock price or shareholder value. Existing shareholders face minor dilution, but it is negligible.