Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands Limited has allotted 2,025 equity shares of Rs. 5 each under its ESOP 2008 stock option plan to eligible employees who exercised their options. The exercise price was Rs. 228 per share for 1,775 shares and Rs. 544.80 per share for 250 shares. Following this allotment, the company's paid-up share capital has increased marginally from Rs. 1,361,417,055 to Rs. 1,361,427,180, with total equity shares now standing at 272,285,436. The company has clarified that this allotment is not material in nature.
The dilution from this allotment is extremely small (just 2,025 shares added) and the company itself states it is not material. Existing shareholders should see no meaningful impact on share value or earnings per share from this routine ESOP exercise.