Datametrex Annouces RSU Grant

Rhea-AI Summary

Datametrex AI Limited announces the approval of 22,100,000 restricted share units (RSUs) in accordance with the Company's omnibus incentive plan. Each RSU entitles the holder to acquire one Common Share on vesting, with 50% vesting immediately and 50% on April 15, 2024. The Plan was approved by shareholders at the Annual and Special Meeting Shareholders on December 14, 2023.

Toronto, Ontario--(Newsfile Corp. - January 29, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the 'Company' or 'Datametrex') is pleased to announce that the Board of Directors has approved the grant of an aggregate of 22,100,000 restricted share units ('RSUs') in accordance with the Company's omnibus incentive plan (the 'Plan') to employees, directors, and consultants of the Company. Each RSU entitles the holder to acquire one Common Share on vesting, and the RSUs vest 50% effective immediately, and 50% on April 15, 2024. The Plan was approved by the shareholders of the Company at the Annual and Special Meeting Shareholders on December 14,2023.

About Datametrex

Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, and Healthcare. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes on a global scale. For more on Datametrex, please visit the company's website.

Investor Relations
Charles Park, CFA
Chief Executive Officer & Director
cpark@datametrex.com
(416) 901-5611 x203

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.

Forward-Looking Statements

All statements in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements, including but not limited to the proposed spin-out transaction. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196088

FAQ

What is the recent announcement made by Datametrex AI Limited?

Datametrex AI Limited announced the approval of 22,100,000 restricted share units (RSUs) in accordance with the Company's omnibus incentive plan.

How many RSUs were approved by the Board of Directors?

The Board of Directors approved an aggregate of 22,100,000 restricted share units (RSUs).

When do the RSUs vest?

The RSUs vest 50% effective immediately, and 50% on April 15, 2024.

When was the Plan approved by the shareholders?

The Plan was approved by the shareholders of the Company at the Annual and Special Meeting Shareholders on December 14, 2023.