Vitreous Glass Announces Amendments to Stock Option Plan and Adoption of New Deferred Share Unit Plan
Vitreous Glass Announces Amendments to Stock Option Plan and Adoption of New Deferred Share Unit Plan
Airdrie, Alberta--(Newsfile Corp. - March 14, 2022) - Vitreous Glass Inc. (TSXV: VCI) (the "Corporation") is pleased to announce that the Board of Directors (the "Board") amended its 10% rolling stock option plan (the "Option Plan") and adopted new deferred share unit plan (the "DSU Plan"), for the purposes of encouraging director and employee commitment and performance.
艾伯塔省艾尔德里-(Newsfile Corp.-2022年3月14日)-Vitreous Glass Inc.(多伦多证券交易所股票代码：VCI)公司“)很高兴地宣布董事会(“冲浪板“)修改了其10%的滚动股票期权计划(”选项计划“)，并通过新的递延股份单位计划(”DSU计划“)，目的是鼓励董事和员工的承诺和绩效。
Amendments to Stock Option Plan
对股票期权计划的修订
Pursuant to the new TSX Venture Exchange Policy 4.4 - Security Based Compensation, which became effective on November 24, 2021, the Board amended the Option Plan on January 26, 2022 and approved and ratified by the shareholders of the Corporation at the Corporation's Annual and Special Meeting of Common Shareholders on March 8, 2022 (the "AGM") to allow option holders to exercise options on a "Net Exercise" basis, subject to approval of the TSX Venture Exchange (the "TSXV").
根据于2021年11月24日生效的新的多伦多证券交易所创业板交易政策4.4-基于担保的补偿，董事会于2022年1月26日修订了期权计划，并于2022年3月8日的公司股东年度和特别股东大会上批准和批准了该计划。年度股东大会)允许期权持有人在获得多伦多证券交易所(TSX)批准的情况下，以“净行权”的方式行使期权TSXV").
Adoption of Deferred Share Unit Plan
采用递延股份单位计划
The DSU Plan was conditionally approved by the TSXV on May 11, 2021 and approved and ratified by disinterested shareholders of the Corporation at the AGM. The maximum number of the Common Shares available for issuance under the DSU Plan is 314,814 Common Shares. The number of Common Shares issued or to be issued under the DSU Plan and the Option Plan at any time shall not exceed 20% of the total number of the issued and outstanding Common Shares. The deferred share units granted under the DSU Plan may only be redeemed upon a holder ceasing to be a director or an employee of the Corporation.
DSU计划于2021年5月11日获TSXV有条件批准，并于股东周年大会上获本公司无利害关系股东批准及批准。根据DSU计划，可供发行的普通股最大数量为314,814股普通股。在任何时候，根据DSU计划和期权计划已发行或将发行的普通股数量不得超过已发行和已发行普通股总数的20%。根据特斯联计划授予的递延股份单位只能在持有人不再是董事或公司雇员时赎回。
Additional details regarding the Option Plan and the DSU Plan are contained in the management information circular issued and filed on SEDAR in connection with the AGM.
有关选项计划和DSU计划的更多细节包含在SEDAR发布和提交的与年度股东大会相关的管理信息通告中。
For further information, please contact:
如需更多信息，请联系：
VITREOUS GLASS INC.
Pat Cashion, President
(403) 616-2773
玻璃玻璃公司。
总裁帕特·卡瑟姆
(403) 616-2773
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Not for Dissemination to the US or to US Newswires
不向美国或全美通讯社传播
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