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Subex informs about exercise of employee stock options
Date: 08-12-2023Pursuant to the provisions of the Employee Stock Option Plan of the Company-ESOP 2018 and the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, Subex has informed that the option grantee has exercised 93,750 options at an exercise price of Rs 6 each, equivalent to 93,750 Equity shares of face value of Rs 5 each, (‘Equity shares’) of the Company. Pursuant to the exercise, the Subex Employee Welfare and ESOP Benefit Trust will transfer the said Equity shares to the concerned option grantee in due course.
The above information is a part of company’s filings submitted to BSE.