City Union Bank Limited — Important, 25-11-2024: Updates

The Compensation and Remuneration Committee of City Union Bank has allotted 3,13,830 equity shares under the Employees Stock Option Scheme (ESOS) following the exercise of stock options by eligible employees. The allotment includes shares from various series, with notable figures such as 2,01,000 shares from ESOS 2017 I at an issue price of ₹32.95 and 70,000 shares from ESOS 2017 IV at ₹37.45. The bank's paid-up capital has increased from ₹74,06,71,904 to ₹74,09,85,734 as a result of this allotment. This development could positively impact employee retention and motivation.