Affle 3i Limited — Important, 24-01-2025: Updates

Employees at Affle (India) Limited have been granted a total of 4,94,661 stock options under the Employee Stock Option Scheme – 2021. The options were issued effective January 23, 2025, with base prices based on market conditions: 4,35,160 options will have an exercise price equal to the closing market price on January 22, 2025, while 59,501 options will be priced at the average purchase price from the ESOP Trust. Vesting will occur in four stages over a four-year period, with 25% vesting at the end of each year.

The exercise period for the options is set for one year post-vesting, presenting an opportunity for employees to benefit from the share price appreciation. This scheme reinforces Affle’s commitment to employee incentivization and alignment of interests with shareholders, which could foster overall positive sentiment in the company’s performance moving forward. Investors should monitor the impact of this scheme on employee retention and engagement levels, as well as its long-term implications on share liquidity and earnings per share.