Avanceon Ltd's share capital increases under Employees Share Option Scheme

By MG News | January 25, 2021 at 02:09 PM GMT+05:00

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January 25, 2021 (MLN): Avanceon Limited’s paid-up capital has been enhanced from 211,790,007 to 213,827,798 shares after CDC allotment of 2,037,791 shares to all eligible employees who have exercised their share option under Employee Share Option Scheme, the company announced on Monday.

The details of the Employee Share Option Scheme(s) are as follows:

ESOS Scheme(s)	Amount (Rs.)	No. of Shares Options	Rate per Share (Rs.)
2016 - 1st Tranche	14263701/-	849,029	16.8/-
2018 -2nd Tranche	656262/-	62,501	10.5/-
2019 - 1st Tranche	11262610/-	1,126,261	10/-

The closing market price for the aforementioned shares at the date of credit of shares into the respective CDC sub accounts of the entitled employees, i.e. Friday, January 22, 2021 was Rs.94.43/- per share (Closing Market Price).

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