nobahamas schreef op 16 juli 2020 20:39:
PyroGenesis has granted on July 16th, 2020, an aggregate of 1,700,000 Options to its directors entitling them to purchase an aggregate of 1,700,000 Common Shares of the Corporation, at a price of
$4.41 per common share. The 1,700,000 Options will vest as follows: 25 percent at the date of the grant, 25 percent at the first anniversary of the date of grant, 25 percent at the second anniversary of the date of grant, and 25 percent at the third anniversary of the date of grant.
PyroGenesis has also granted an aggregate of 760,000 Options to employees entitling them to purchase an aggregate of 760,000 Common Shares of the Corporation, at a price of $4.41 per common share. Of these Options, 660,000 will vest as follows: 50 percent as of the date of grant and 50 percent at the first anniversary of the date of grant. The remaining 100,000 will vest as follows: 25 percent as of the date of grant, 25 percent at the first anniversary of the date of grant, 25 percent at the second anniversary of the date of grant and 25 percent at the third anniversary of the date of grant.
All Option grants disclosed above are exercisable for a period of five years and have been granted in accordance with the Company's Stock Option Plan. The grant remains subject to regulatory and Exchange approval.