Deccan Gold Mines Limited has made a regulatory disclosure to BSE Limited regarding the allotment of equity shares under its employee stock incentive plan.
Key Quantitative Figures
- Number of shares allotted: 22,69,000 equity shares of ₹1 each
- Exercise price per share: ₹20
- Premium per share: ₹19
- Money realized from exercise of options: ₹4,53,80,000 (Four Crore Fifty Three Lakh Eighty Thousand)
- Pre-allotment paid-up capital: ₹19,87,01,715 consisting of 19,87,01,715 equity shares
- Post-allotment paid-up capital: ₹20,09,70,715 consisting of 20,09,70,715 equity shares
- Distinctive share numbers: 198701716 to 200970715
Scheme Details
- Total options granted under scheme: 58,00,000
- Options vested as on date: 50,50,000
- Options exercised: 22,69,000
- Options lapsed: 30,000
- The scheme allows an exercise period commencing from vesting date and extending up to five years from vesting
- The newly allotted shares rank pari passu with existing shares
- No lock-in restrictions apply to the allotted shares
Capital Structure Impact
The equity share capital has increased by 1.14% from 19,87,01,715 shares to 20,09,70,715 shares as a result of this allotment.
Additional Information
The disclosure has been uploaded to the company's website at https://deccangoldmines.com/investor-relations/disclosure-under-reg-46/ as required under Regulation 46 of SEBI LODR Regulations.