Clip Money Inc. Announces Changes to Board of Directors
Clip Money Inc. (TSX-V: CLIP), a multi-bank self-service deposit system provider for businesses, has announced changes to its Board of Directors. Mr. Jeff Gibson has resigned after two years of service. The company has appointed Mr. Don Layden Jr. to the board, bringing extensive experience from his roles at NCR and Levy & Enders Mr. Layden's expertise in payments, banking, and fintech aligns with Clip's mission to revolutionize business cash management.
In connection with the appointment, Clip has granted Mr. Layden 87,500 stock options with a one-year vesting period, an exercise price of CDN$0.24, and a 10-year expiration. CEO Joe Arrage expressed confidence in Mr. Layden's ability to drive growth and expand the business.
Clip Money Inc. (TSX-V: CLIP), un fornitore di sistemi di deposito self-service multi-banca per le aziende, ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Il signor Jeff Gibson si è dimesso dopo due anni di servizio. L'azienda ha nominato il signor Don Layden Jr. nel consiglio, portando un'ampia esperienza dai suoi ruoli in NCR e Levy & Enders. L'esperienza del signor Layden nei pagamenti, nella banca e nel fintech si allinea con la missione di Clip di rivoluzionare la gestione del denaro nelle aziende.
In relazione alla nomina, Clip ha concesso al signor Layden 87.500 opzioni stocks con un periodo di maturazione di un anno, un prezzo di esercizio di CDN$0,24 e una scadenza di 10 anni. Il CEO Joe Arrage ha espresso fiducia nella capacità del signor Layden di guidare la crescita e ampliare l'attività.
Clip Money Inc. (TSX-V: CLIP), un proveedor de sistemas de depósito de autoservicio multi-bancario para empresas, ha anunciado cambios en su Junta Directiva. El Sr. Jeff Gibson ha renunciado después de dos años de servicio. La compañía ha nombrado al Sr. Don Layden Jr. en la junta, aportando una amplia experiencia de sus roles en NCR y Levy & Enders. La experiencia del Sr. Layden en pagos, banca y fintech se alinea con la misión de Clip de revolucionar la gestión del dinero empresarial.
En relación con el nombramiento, Clip ha otorgado al Sr. Layden 87,500 opciones de acciones con un período de consolidación de un año, un precio de ejercicio de CDN$0.24 y una expiración de 10 años. El CEO Joe Arrage expresó su confianza en la capacidad del Sr. Layden para impulsar el crecimiento y expandir el negocio.
Clip Money Inc. (TSX-V: CLIP)는 기업을 위한 다중 은행 셀프 서비스 예치 시스템 제공업체로서 이사회의 변화를 발표했습니다. Jeff Gibson 씨는 2년의 근무 후 사임했습니다. 회사는 NCR 및 Levy & Enders에서의 역할을 통해 폭넓은 경험을 가진 Don Layden Jr. 씨를 이사회에 임명했습니다. Layden 씨의 결제, 은행 및 핀테크 분야의 전문성은 Clip의 사업 자금 관리 혁신이라는 사명과 일치합니다.
임명과 관련하여 Clip은 Layden 씨에게 87,500주의 스톡 옵션을 부여했으며, 1년의 베스팅 기간, CDN$0.24의 행사 가격 및 10년의 만기를 설정했습니다. CEO Joe Arrage는 Layden 씨가 성장을 촉진하고 사업을 확장할 수 있을 것이라고 확신합니다.
Clip Money Inc. (TSX-V: CLIP), un fournisseur de systèmes de dépôt en libre-service multi-banque pour les entreprises, a annoncé des changements au sein de son Conseil d'Administration. M. Jeff Gibson a démissionné après deux ans de service. L'entreprise a nommé M. Don Layden Jr. au conseil, apportant une vaste expérience de ses fonctions chez NCR et Levy & Enders. L'expertise de M. Layden dans les paiements, la banque et les fintechs est en adéquation avec la mission de Clip de révolutionner la gestion de la trésorerie des entreprises.
En lien avec cette nomination, Clip a accordé à M. Layden 87 500 options d'actions avec une période d'acquisition d'un an, un prix d'exercice de 0,24 $ CDN et une expiration de 10 ans. Le PDG Joe Arrage a exprimé sa confiance dans la capacité de M. Layden à stimuler la croissance et à étendre l'activité.
Clip Money Inc. (TSX-V: CLIP), ein Anbieter von Mehrbanken-Selbstbedienungs-Einzahlsystemen für Unternehmen, hat Änderungen im Vorstand bekannt gegeben. Herr Jeff Gibson hat nach zwei Jahren Dienst seinen Rücktritt erklärt. Das Unternehmen hat Herrn Don Layden Jr. in den Vorstand berufen, der umfangreiche Erfahrungen aus seinen Tätigkeiten bei NCR und Levy & Enders mitbringt. Die Expertise von Herrn Layden in den Bereichen Zahlungen, Banken und Fintech entspricht der Mission von Clip, das Bargeldmanagement für Unternehmen zu revolutionieren.
In Zusammenhang mit der Ernennung hat Clip Herrn Layden 87.500 Aktienoptionen gewährt, die eine einjährige Vesting-Periode, einen Ausübungspreis von CDN$0,24 und eine Laufzeit von 10 Jahren haben. CEO Joe Arrage äußerte Vertrauen in die Fähigkeit von Herrn Layden, das Wachstum voranzutreiben und das Geschäft zu erweitern.
- Appointment of Don Layden Jr., bringing extensive experience in banking, payments, and fintech
- Layden's expertise aligns with Clip's mission to revolutionize business cash management
- Potential for strategic growth and business expansion with Layden's industry knowledge
- Resignation of Jeff Gibson, a key contributor and significant early investor
- Issuance of 87,500 stock options, potentially diluting existing shareholders
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces today that Mr. Jeff Gibson has resigned as a director of the Company effective immediately. Mr. Gibson and has been a key contributor to the Company through his service as a board member for the past two years.
The Company is pleased to announce the appointment of Mr. Don Layden Jr. to the board of directors of the Company. Mr. Layden has previously served as the Executive Vice President of the Banking, Payments and Network Group at NCR Corporation where he has shown himself to be an exceptional leader with strong strategic vision. Mr. Layden currently also serves as the managing partner of Levy & Enders LLC wherein he offers strategic advice to financial technology companies in all stages of growth including Western Union, ResultsCX and Confidence. In addition to his work with Levy & Enders LLC, Mr. Layden has also served on several private and public company boards, including currently serving as the Executive Chairman of Kasisto, an AI solutions company for banking and finance. The Company is excited to leverage Mr. Layden’s guidance and extensive breadth of experience to continue driving the Company forward.
"We are thrilled to welcome Don Layden Jr. to the Clip team. Don brings a wealth of experience and relationships in the payments and banking sectors, particularly from his leadership roles at NCR Corporation. His deep expertise in corporate strategy, M&A, capital markets and digital payments aligns perfectly with Clip mission to revolutionize business cash management. I am confident that Don's strategic insights and industry knowledge will play a crucial role in driving our growth and expanding our business. I'd also like to thank Jeff Gibson for his support as a director and as a significant early investor and supporter of Clip.”
- Joe Arrage (CEO & Co-founder)
In connection with Mr. Layden’s appointment, the Company is also announcing a grant of grant of 87,500 (the “Options”) to acquire common shares of the Company (the “Common Shares”) to Mr. Layden. The Options have a one-year vesting period, an exercise price equal to CDN
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
FAQ
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