OracleFinancial - Grant of options under ESOP 2011 Scheme
Oracle Financial Services Software Ltd has informed BSE that the Compensation Committee of the Board has approved the grant of 6,30,000 stock options to the eligible employees and directors of the Company and its subsidiaries under the Employee Stock Option Plan 2011 Scheme ("ESOP 2011 Scheme") of the Company at an exercise price of Rs. 3,126.85 per option being the latest available closing price (on February 04, 2013) prior to the Date of Grant, on the National Stock Exchange of India Limited, where there was highest trading volume of the equity shares of the Company. The options are granted on the following main terms and conditions
i. Date of Grant: February 05, 2013;
ii. The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year;
iii. The said options carry the right to apply for equivalent number. of equity shares of the Company of face value of Rs. 5/- each; and
iv. The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2011 Scheme.