• Nykaa announced last month that its board passed 1:5. has approved issuance of bonus shares in the ratio of
FSN E-Commerce Ventures Ltd., which runs online fashion retailer Nykaa, on Thursday announced that the company has received massive approval from shareholders on the issue of bonus shares and new Employee Stock Option (ESOP) and Employee Stock Unit Scheme (RSU). . majority.
"On October 3, 2022, the Board approved a bonus issue of equity shares in the proportion of five fully paid-up equity shares for every fully paid-up equity share held by the shareholders of the Company. Conducted a postal ballot for the issue of bonus shares out of its securities premium reserve by November, 2022. The company received an overwhelming response from its shareholders with 100% voting in favor of the bonus resolution," Nykaa said in an exchange filing today. informed in
“The company believes that the bonus shares will encourage participation from retail investors over the long term, as well as see wider shareholding.
Additionally, in line with Nykaa's objective to attract and retain the right talent pool and create long-term incentive structures, the Nomination and Remuneration Committee of Directors and Board of Directors of the Company in their respective meetings held on 30th September and 3rd October gave permission. Employee Stock Option Scheme 2022 and Employee Stock Unit Scheme 2022 launched.
“In pursuance of this, the Company conducted a postal ballot for Employee Stock Option Scheme 2022 and Employee Stock Unit Plan 2022 from October 4, 2022 to November 2, 2022. The new ESOPS and Stock Unit Schemes will be applicable to the employees of the Company and its group of companies - including its subsidiaries and affiliates," it added.
Under the ESOP scheme, Nykaa stated that the total number of options to be granted should not exceed 16,00,000 (sixteen lakhs only), which is 0.334% of the paid-up equity share capital of the company, on a fully diluted basis. is on. Date of adoption of the plan.
Under the RSU scheme, the total number of units to be offered should not exceed 4,00,000 (four lakhs only) which is 0.084% of the paid-up equity share capital of the company on a fully diluted basis. adopt the plan.
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