Sub: Grant of Stock Options - UltraTech Cement Limited Employee Stock Option Scheme 2018 - Reg 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We write to inform you that the Nomination, Remuneration and Compensation Committee of the Board of Directors of the Company ("NRC") has granted 42,063 Stock Options, comprising of 33,525 Options and 8,538 Restricted Stock Units on 27th October, 2021 to eligible employees of the Company, in terms of the UltraTech Cement Limited Employee Stock Option Scheme 2018 ("the Scheme").
The details of grant are as follows:
Number of Stock Options Granted
42,063 Stock Options in aggregate, comprising of 33,525 Options
and 8,538 Restricted Stock Units.
Whether the scheme is in terms of SEBI
(SBEB) Regulations, 2014 (if applicable)
For Options - 33% each, over 3 years. The first vesting being on
completion of one year from date of grant.
- 3,838 RSUs - 100% vesting at end of 3 years from date of grant.
- 4,700 RSUs - 50% vesting each year, over 2 years.
Stock Options to be exercised within 5 years from date of vesting.
For Options - Rs. 7,269.10 per Option, based on the "Market Price"
on 26th October, 2021 in accordance with applicable SEBI SBEB
For RSU- Rs.10/- per RSU.
This is for your information and records, please.
Sanjeeb Kumar Chatterjee
Luxembourg Stock Exchange
BP 165 / L - 2011 Luxembourg
11 North Buona Vista Drive,
US90403E1038 and US90403E2028
The Metropolis Tower 2,
ISIN Code: US90403YAA73 and USY9048BAA18
UltraTech Cement Limited
Registered Office : Ahura Centre, B - Wing, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India
UltraTech Cement Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 13:37:08 UTC.