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Snowman Logistics allots equity shares to employees

By Religare

Snowman Logistics Ltd, integrated temperature-controlled logistics services provider, on Thursday said its Stakeholders Relationship Committee has allotted 27,000 equity shares to its employees under various schemes.

These equity shares are having face value of Rs 10 each, the company said in a statement.

In a filing to the Bombay Stock Exchange, the company informed, "The Stakeholders Relationship Committee, at their meeting held on August 05, 2015 allotted 12,000 equity shares of Rs 10 each to employee of the company under the Snowman ESOP Scheme 2012 - 1st Grant (Exercise price - Rs 10.60)."


Moreover, 15,000 equity shares of Rs 10 each have been allotted to employee of the company under the Snowman ESOP Scheme 2012 - 3 Grant (Exercise price - Rs. 15.40), it added.

The company operates through Temperature Controlled Services and Ambient Services segments. It offers warehousing solutions that cover ambient, chilled, frozen, and blast freezing facilities.

Meanwhile, shares of the company were trading at Rs 108.70 apiece, down 4.31 per cent, from previous close on BSE at 10:46 hours.

Story first published: Thursday, August 6, 2015, 12:20 [IST]
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