eClerx: Employee stock options vesting commences

eClerx Services (BSE: 532927, NSE: ECLERX) announced the vesting of employee stock options under its Employee Stock Option Scheme 2015. A total of 211,005 options, initially granted on May 24, 2022, have completed their three-year vesting period and are now exercisable by eligible employees of eClerx and its subsidiaries. These options are governed by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related circulars. The company clarified that the exercise price is determined by the lower of two values: the latest closing market price prior to the Remuneration Committee's decision, or the average of the high and low share price for the two weeks preceding the grant date. The vested options must be exercised within three years.