Suryoday Small Finance Bank Allots 5,000 Equity Shares Pursuant to Exercise of Stock Options

Strategic Insights -

Suryoday Small Finance Bank Limited has informed the National Stock Exchange of India that it has allotted 5,000 equity shares of face value Rs. 10 each to employees as part of the Suryoday ESOP Scheme 2019. The allotment was made at an exercise price of Rs. 114.25 per equity share, resulting in an increase in the bank's paid-up equity share capital from Rs. 106,28,48,240 to Rs. 106,28,98,240.

Key Takeaways:

  • Suryoday Small Finance Bank Limited has allotted 5,000 equity shares to employees pursuant to the exercise of options under the Suryoday ESOP Scheme 2019.
  • The allotment was made at an exercise price of Rs. 114.25 per equity share.
  • The total paid-up equity share capital of the bank has increased from Rs. 106,28,48,240 to Rs. 106,28,98,240.
  • The bank will submit an application for listing of the new shares with the National Stock Exchange of India Limited and BSE Limited.
  • The details of the equity shares allotted are available in the Annexure to the intimation, which is available on the bank's website.
  • The allotment is in line with Regulation 10(c) of the SEBI (Share-Based Employee Benefits and Sweat Equity) Regulations, 2021.

Statistics:

  • 5,000 equity shares have been allotted to employees at an exercise price of Rs. 114.25 per share.
  • The paid-up equity share capital of the bank has increased by Rs. 50,000.
  • The total paid-up equity share capital of the bank now stands at Rs. 106,28,98,240.
  • The beneficial ownership of the bank has increased by 0.05% due to the allotment of new shares.

Sources:

  • National Stock Exchange of India Limited - Corporate Announcement
  • Suryoday Small Finance Bank Limited - Investor Corner