Hindustan Unilever allots 11,020 Equity Shares of Rs 1/- each
27/08/2019 15:24
Hindustan Unilever Limited said in a filing to BSE that the Committee of the Board in its Meeting held on August 27, 2019, has allotted 11,020 Equity Shares of Rs 1/- each under ESOP, which vide Shareholders Resolution dated 29th May, 2006 is known as “2006 HLL Performance Share Scheme”, further amended vide Shareholder’s Resolution dated 23rd July, 2012 is known as “2012 HUL Performance Share Scheme."

With this allotment, the paid-up capital of the Company has increased to 2,16,48,12,057 shares and the issued capital has increased to 2,21,79,31,033 shares and stood at Rs 2,16,48,12,057 and Rs 2,21,79,31,033, respectively.

The company said that the difference between Issued Capital & Paid-up capital is due to the buyback made from open Market as per Special Resolution passed through Postal Ballot on 14th September, 2007 and 26th July 2010. The total number of shares bought back under the Scheme was 3,02,35,772 and 2,28,83,204 respectively.

The company further said that the new shares rank pari passu in all respects with the existing capital.

The company added that the shares allotted under this Scheme shall be within the limits of 2 Crore shares as approved by the shareholders in the 79th Annual General Meeting held on 23rd July, 2012 and in principle approval for listing was granted to us by BSE Limited and National Stock Exchange of India Limited in February and April, 2013.