Termination of Orient Bell Employee Stock Option Scheme 2018
ORIENTBELL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Bell Ltd's Board of Directors has approved the termination of the company's Employee Stock Option Scheme 2018. All ESOPs granted under this scheme have already been fully exercised and corresponding shares have been allotted to employees. The termination will not affect the rights of employees who have already received shares. This appears to be a routine administrative action to formally close out a fully exhausted ESOP programme.
This termination has no direct impact on shareholders as the ESOP scheme has already been fully utilized with all options exercised and shares allotted. No further dilution will occur from this scheme.