Deccan Gold Mines Ltd shareholders approve Grant of Stock Options

The shareholders of Deccan Gold Mines Ltd at their 30th Annual General Meeting held on December 30, 2014 approved the Deccan Gold Mines Limited Employee Stock Option Scheme. 2014 (Scheme) providing for issue of up to a maximum of 3,000,000 Stock Options on the terms and conditions as contained in the Scheme.

Pursuant to the approval of the shareholders as noted above and being empowered to administer the Scheme, the Nomination & Remuneration Committee of the Board at its meeting held on March 10, 2015 has granted 1,500,000 stock options at an Exercise Price of Rs. 7/- per stock option to be vested in equal proportions over 2 years.

Shares of DECCAN GOLD MINES LTD. was last trading in BSE at Rs.29.75 as compared to the previous close of Rs. 30.8. The total number of shares traded during the day was 78902 in over 487 trades.

The stock hit an intraday high of Rs. 31.5 and intraday low of 29. The net turnover during the day was Rs. 2355930.

Source : Equity Bulls

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