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

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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Posted on: 2021-01-25T14:09:00+05:00

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