RBL Bank has informed that the Nomination and Remuneration Committee at its meeting held on October 18, 2023 (Grant Date) has approved the grant of 7,29,000 stock options convertible into 7,29,000 equity shares of Rs 10 each to the eligible employees in terms of the Employee Stock Option Plan 2018 of the Bank (ESOP 2018) at an Exercise Price of Rs 245.7 per option being the latest available closing price on October 17, 2023, previous trading day prior to the Grant Date on National Stock Exchange of India being the Stock Exchange which recorded the higher trading volume. These options will vest with a percentage of 30%, 30% and 40% at the end of the first, second and third year respectively and are exercisable within a period of five years from the date of vesting. Details of the same is enclosed in Annexure I. In compliance with the Regulation 46(2) of the Regulations, the information is being hosted on the Bank’s Website at www.rblbank.com.
The above information is a part of company’s filings submitted to BSE.
