Oracle Financial Services Software Ltd Grants Options under OFSS Stock Plan 2014

The Nomination and Remuneration Committee of the Board of Oracle Financial Services Software Ltd has approved the grant of 750 Restricted Stock Units (RSUs) to an employee of the Company under the OFSS Stock Plan 2014 at an exercise price of INR. 5 per unit, subject to such approvals. If and to the extent required, on the following terms and conditions.

The Date of Grant is April 1, 2016 and the RSU's will vest over a period of 4 years from the Date of Grant in ratio of 25% per year.

The RSUs carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each and the RSUs shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the OFSS Stock Plan 2014.

The 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.3546.75 as compared to the previous close of Rs. 3536.4. The total number of shares traded during the day was 891 in over 231 trades.

The stock hit an intraday high of Rs. 3593.2 and intraday low of 3540.85. The net turnover during the day was Rs. 3166959.

Source : Equity Bulls

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