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ANGEL ONE LIMITED Capital/Financing Update 2021
62103_rns_2021-04-07_436c9a2b-a39b-4763-9d71-ccc088d9a413.pdf
Capital/Financing Update
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To, Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.
Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Symbol: ANGELBRKG Scrip Code: 543235
Dear Sirs,
Subject: Intimation of Grant of Options under Angel Broking Employee Long Term Incentive Plan 2021
In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we hereby inform you that a meeting of the Nomination and Remuneration Committee of Angel Broking Limited (the "Company") was held on March 30, 2021 for grant of 7,05,504 Stock Options ("Options") convertible into equal number of Equity Shares of the Company of face value of Rs.10/- each, to the eligible employees of the Company under the Angel Broking Employee Long Term Incentive Plan 2021 ("LTI Plan 2021").
The terms of the grant, inter-alia, are as under:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Brief details of options granted | Grant of 7,05,504 (Seven lakh five thousand five hundredand four) Options to eligible employees. Effective grantdate being March 30, 2021. |
| 2. | Whether the scheme is in terms of SEBI(SBEB) Regulations, 2014 (if applicable) | The LTI Plan 2021 has been formulated and adopted bythe Company in terms of the Securities and ExchangeBoardofIndia(ShareBasedEmployeeBenefits)Regulations, 2014. |
| 3. | Total number of shares covered by theseoptions | 7,05,504 (Seven lakh five thousand five hundred and four)Equity Shares of face value Rs. 10 each (Each Option isconvertible into one Equity Share of the Company). |
| 4. | Pricing Formula | The exercise price for the Options granted is Rs. 337.90/-per Option. |
| 5. | Options Vested | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
| 6. | Time within which option may beexercised | The Exercise period would commence from the date ofvesting and will expire on completion of 10 (Ten) yearsfrom the date of respective grant or such period as maybe decided by the NRC from time to time. |
| 7. | Options exercised | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
| 8. | Money realized by exercise of Options | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
| 9. | The total number of Shares arising as aresult of exercise of Option | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
CSO & Corporate Office: 6th Floor, Ackruti Star, Central Road,
MIDC, Andheri (E) Mumbai-400 093. Tel: (022) 40003600 | Fax: (022) 39357699
Regd Office:
G-1, Ackruti Trade Centre, MIDC, Road No-7, Andheri (E), Mumbai - 400 093. Tel: (022) 68070100 | Fax:(022) 68070107 E-mail: [email protected],
Website: www.angelbroking.com
Angel Broking Limited
CIN: L67120MH1996PLC101709 SEBI Registration No Stock Broker: INZ000161534, CDSL: IN-DP-384-2018, PMS: INP000001546, Research Analyst: INH000000164, Investment Advisor: INA000008172, AMFI Regn. No. ARN–77404, PFRDA, Regn. No.-19092018.
| 10. | Options lapsed | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
|---|---|---|
| 11. | Variation in terms of Options | Not Applicable |
| 12. | Brief details of significant terms | The LTI Plan 2021 is administered by the NRC.The grant of Options is based upon the eligibility criteriaas mentioned in the LTI Plan 2021. |
| The said Options shall vest, as under:• At the end of 1st year from the grant date - 25% ofOptions granted.• At the end of 2nd year from the grant date - 25% ofOptions granted.• At the end of 3rd year from the grant date - 25% ofOptions granted.• At the end of 4th year from the grant date - 25% ofOptions granted. | ||
| 13. | Subsequent changes or cancellation orexercise of such Options | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
| 14. | Diluted earnings per share pursuant tothe issue of equity shares on exercise ofOptions. | NotApplicable, asthiscommunication ispertaining to grant of Options under the LTI Plan 2021. |
Kindly take the same on record.
Thanking you,
For Angel Broking Limited
PATEL NAHEED REHAN
Digitally signed by PATEL NAHEED REHAN DN: c=IN, o=Personal, postalCode=400059, st=Maharashtra, serialNumber=333b54bd95a7b 4b72066364d67a6162749f8eac abfc4132538e641ebee970e18, cn=PATEL NAHEED REHAN Date: 2021.04.06 17:03:42 +05'30'
Naheed Patel Company Secretary and Compliance Officer Membership No. A22506
Place: Mumbai Date: April 06, 2021
CSO & Corporate Office:
6th Floor, Ackruti Star, Central Road, MIDC, Andheri (E) Mumbai-400 093. Tel: (022) 40003600 | Fax: (022) 39357699
Regd Office:
G-1, Ackruti Trade Centre, MIDC, Road No-7, Andheri (E), Mumbai - 400 093. Tel: (022) 68070100 | Fax:(022) 68070107
E-mail: [email protected], Website: www.angelbroking.com
Angel Broking Limited
CIN: L67120MH1996PLC101709 SEBI Registration No Stock Broker: INZ000161534, CDSL: IN-DP-384-2018, PMS: INP000001546, Research Analyst: INH000000164, Investment Advisor: INA000008172, AMFI Regn. No. ARN–77404, PFRDA, Regn. No.-19092018.