Quess Corp has informed that the Nomination and Remuneration Committee of the Company has considered and approved the grant of RSUs under QSOP 2020: Grant of total 75,184 RSUs at a face value of Rs 10 per RSU with effect from today to eligible employees, which should vest not earlier than 1 (One) year and not later than 6 (Six) years from the date of grant of RSUs; The allotment of shares against each RSU will be based on performance parameters and terms and conditions of QSOP 2020; Each RSU is convertible into 1 equity share of Rs 10 upon vesting and these RSUs can be exercised within 3 years from the date of vesting in terms of QSOP 2020.
The above information is a part of company’s filings submitted to BSE.
