Azure Power Announces Repricing Stock Options
Azure Power Global Limited Equity Shares (AZRE)
Last azure power global limited equity shares earnings: 2/11 04:31 pm
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Source: Business Wire
NEW DELHI--(BUSINESS WIRE)-- Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that effective November 29, 2018 (the “Grant Date”), its compensation committee changed the exercise price of stock options (the “Repriced Options”) for 692,507 equity shares, par value US$0.000625 each, of the Company, which were previously awarded to certain officers, employees and directors under the Company’s 2016 Equity Incentive Plan, as amended in 2017 (the “Plan”). The new exercise price is US$11.90 per equity share, which is higher than the last reported sale price on the Grant Date of the equity shares on the NYSE of US$ 9.51 per equity share. All other terms and conditions of the Eligible Options, including the vesting schedule, remains the same. The decision to reprice the Eligible Options is intended to create better incentives for officers, employees and directors. Abou
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