Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Awaiting price reaction for this filing.
Metro Brands has allotted 18,234 equity shares (face value ₹5 each) to employees who exercised their stock options under the company's ESOP 2008 plan. With this allotment, the total share count has gone up from 27,24,59,241 to 27,24,77,475 shares, a very small increase of about 0.07%. The shares were issued at four different exercise prices ranging from ₹228 to ₹649.95 per share, depending on the grant tranche. The company has clearly stated that this allotment is not material in nature and is a routine compliance filing under SEBI's employee benefits regulations.
Very minor dilution (about 0.07%) for existing shareholders; this is a routine ESOP exercise with no meaningful effect on share price or shareholder value.