Sub Division of shares:
The shareholders of the company at their Annual General Meeting held on 20th July 2010 approved sub-division of shares of face value of Rs.10/- each into five equity shares of Rs.2/- each. Accordingly, shares of face value of Rs.10/- was sub-divided into five equity shares of face value of Rs.2/- each during Fy 2010-11. The record date for the purpose of sub-division was fixed as 23rd August 2010. Post sub division of shares, the liquidity of trading of the shares improved and the total traded quantity in the Stock Exchanges increased.
Employee Share Purchase Scheme 2006:
On 1st July 2006, the company allotted 15,52,500 equity shares of Rs.10/- each under the Employee Share Purchase Scheme 2006. The Scheme was administered through Redington Employee Share Purchase Trust and the shares were granted to the employees at Rs.62/- per share.
Pursuant to SEBI Circular dated 17th January 2013, the Board of Directors at their meeting held on 31st January 2013 approved the amendment in the existing ESPS Scheme to provide that the trust shall not deal with the securities of the Company in the secondary market. Click here to view the details
Employee Stock Option Plan 2008:
With an objective to attract and retain talent, Redington instituted an Employee Stock Option Plan 2008 in February 2008 and granted 23,35,973 options to the employees of the Company and its subsidiaries at the then existing market price of Rs.348.05 per option. To make the scheme more attractive during the year 2008-09, 19,95,830 options were repriced at Rs.130/- per option and on 21 May 2009, 1,00,000 options were repriced at Rs.165/- per option.