Thomas Cook has announced the grant of 1,000,000 stock options to its employees under the Thomas Cook Employees Stock Option Scheme 2024 – EXECOM (ESOP 2024 – EXECOM). The grant was approved by the Nomination and Remuneration Committee. These options, once vested, will allow employees to exercise and receive shares in the company. The details of the grant are provided in accordance with regulatory requirements.
Employee Stock Option Grant
Thomas Cook’s Nomination and Remuneration Committee has approved the grant of 1,000,000 stock options to employees. This grant falls under the Thomas Cook Employees Stock Option Scheme 2024 – EXECOM (ESOP 2024 – EXECOM). The announcement was made on February 5, 2026.
Details of the ESOP 2024 – EXECOM
The granted options, upon vesting and necessary approvals, will enable employees to exercise their options and receive company shares upon allotment. The ESOP 2024 – EXECOM scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Terms of the Stock Options
Each stock option is convertible into one fully paid-up equity share with a face value of Re 1/- each. The exercise price has been set at Re 1/- per stock option.
The options, upon vesting, are exercisable within a period of 20 years from vesting.
Significant Terms
The scheme outlines procedures for handling stock options in various scenarios, including death, permanent incapacity, resignation, separation, redundancy, retirement, and termination with cause. The equity shares allotted from the exercise of stock options will not be subject to a lock-in period. Requisite adjustments will be made for corporate actions (rights issue, bonus issue, share splits, etc.)
Source: BSE
