Oracle Financial Services Software Ltd Grants 5000 options under OFSS Stock Plan 2014

The Nomination and Remuneration Committee of the Board of Directors of Oracle Financial Services Software Ltd has on November 18, 2016 approved the grant of 5,000 Options under OFSS Stock Plan 2014 to the employees at an exercise price of Rs. 5/- per options subject to such approvals, if and to the extent required, on the following terms and conditions.

Date of Grant: November 18, 2016
Vesting period: Over 4 years from the date of grant in the ratio of 25% per year;
The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each;
The said options shall be exercisable within a period of 10 years from the date of grant;
The grant shall be governed by the terms and conditions of the OFSS Stock Plan 2014; and
Employees to bear and pay all the applicable taxes, such as perquisite tax, at the time of vesting / exercise.

Shares of ORACLE FINANCIAL SERVICES SOFTWARE LTD. was last trading in BSE at Rs.2885.7 as compared to the previous close of Rs. 2842.75. The total number of shares traded during the day was 14213 in over 1008 trades.

The stock hit an intraday high of Rs. 2965.85 and intraday low of 2795.75. The net turnover during the day was Rs. 40121564.

Source : Equity Bulls

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