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
Adoption of Deferred Share Unit PlanAirdrie, 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.
艾伯塔省艾爾德里-(Newsfile Corp.-2022年3月14日)-Vitreous Glass Inc.(多倫多證券交易所股票代碼：VCI)公司“)很高興地宣佈董事會(“衝浪板“)修改了其10%的滾動股票期權計劃(”選項計劃“)，並通過新的遞延股份單位計劃(”DSU計劃“)，目的是鼓勵董事和員工的承諾和績效。
Amendments to Stock Option Plan
對股票期權計劃的修訂
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").
根據於2021年11月24日生效的新的多倫多證券交易所創業板交易政策4.4-基於擔保的補償，董事會於2022年1月26日修訂了期權計劃，並於2022年3月8日的公司股東年度和特別股東大會上批准和批准了該計劃。年度股東大會)允許期權持有人在獲得多倫多證券交易所(TSX)批准的情況下，以“淨行權”的方式行使期權TSXV").
Adoption of Deferred Share Unit Plan
採用遞延股份單位計劃
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計劃於2021年5月11日獲TSXV有條件批准，並於股東周年大會上獲本公司無利害關係股東批准及批准。根據DSU計劃，可供發行的普通股最大數量為314,814股普通股。在任何時候，根據DSU計劃和期權計劃已發行或將發行的普通股數量不得超過已發行和已發行普通股總數的20%。根據特斯聯計劃授予的遞延股份單位只能在持有人不再是董事或公司僱員時贖回。
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.
有關選項計劃和DSU計劃的更多細節包含在SEDAR發佈和提交的與年度股東大會相關的管理信息通告中。
For further information, please contact:
如需更多信息，請聯繫：
VITREOUS GLASS INC.
Pat Cashion, President
(403) 616-2773
玻璃玻璃公司。
總裁帕特·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.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Not for Dissemination to the US or to US Newswires
不向美國或全美通訊社傳播
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