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Future Consumer informs about outcome of committee meeting

12 Nov 2019 Evaluate

Future Consumer has informed that the Nomination and Remuneration/ Compensation Committee of the Board of Directors has at its meeting held on 12th November, 2019, considered and approved grant of 10,00,000 Stock Options, through secondary market route, to employee(s) of the Company under ‘Future Consumer Enterprise Limited - Employee Stock Option Plan - 2014’ (ESOP 2014 Scheme). The said Options would vest after one year but not later than three years from the date of grant. The Exercise Price per Option, shall be determined in accordance to the ESOP 2014 Scheme. The Options may be exercised at any time within a maximum period of three years from the date of Vesting of the respective Options. Upon exercise, each Option shall result into one equity share of face value of Rs 6 each. Further, an aggregate of 3,21,000 Stock Options granted under the ESOP 2014 Scheme stands cancelled and the said Stock Options have been credited back to ESOP pool account. This also considered as intimation in terms of the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The above information is a part of company’s filings submitted to BSE.

Future Consumer Share Price

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