WESTLIFE FOODWORLD LIMITED has informed the Exchange about Intimation of further grant of stock options under the Westlife Development Limited Employee Stock Option (Trust) Scheme 2021 [ the ESOS Trust Scheme 2021 ]
WESTLIFE · price
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Westlife Foodworld Limited has informed the stock exchanges about a further grant of 5,000 stock options to employees of its subsidiary, Hardcastle Restaurants Private Limited, under the Westlife Development Limited Employee Stock Option (Trust) Scheme 2021. These options will vest in 4 equal annual installments over a period of 4 years from the date of grant. The disclosure is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine ESOP grant to subsidiary employees and is unlikely to have a material impact on the stock price, though it represents a small dilution over time as options vest and are exercised.