A2Z Maintenance & Engineering Services Ltd has informed BSE that the ESOP Compensation Committee of the Company in its meeting held on July 03, 2014 had decided:
1. To grant 19,05,000 (Nineteen Lacs and Five Thousand only) stock Options to the eligible employees of the Company and its Subsidiary Company under A2Z Employee Stock Option Plan 2013 (?ESOP Scheme?). These options are convertible into equity shares of Rs. 10/- each at the time of the exercise of option. The Exercise price of the option is Rs. 19.95/- (Rupees Nineteen and Paise Ninety Five only) each which is the Closing Market Price of NSE as of the end of the trading hours on July 02, 2014.
2. Vesting and the exercise period for the stock option is as decided by the Compensation Committee as per the terms and conditions of the Respective Scheme.
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