Datametrex Announces RSU Grant and Updates Vesting Schedule

Rhea-AI Summary

Datametrex AI Limited (DTMXF) announces the approval of 12,500,000 Restricted Share Units (RSUs) under its omnibus incentive plan, with vesting after 12 months. The company also clarifies the vesting terms for 22,100,000 RSUs granted earlier, aligning them with TSXV policies.

Toronto, Ontario--(Newsfile Corp. - February 15, 2024) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the 'Company' or 'Datametrex') announces that the Board of Directors has approved the grant of an aggregate of 12,500,000 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 12 months from the date of grant. The Plan was approved by the shareholders of the Company at the Annual and Special Meeting Shareholders on December 14, 2023.

Additionally, the Company clarifies vesting in respect of 22,100,000 RSUs granted and announced on January 29, 2024.

The Company's January 29, 2024 announcement indicated that the 22,100,000 RSUs granted would vest 50% immediately and 50% on April 15, 2024. In accordance with TSXV policies, the RSU will vest 12 months from the date of grant, aligning the vesting schedule more closely with the objectives of the Plan.

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/198110

FAQ

How many Restricted Share Units (RSUs) were approved by Datametrex AI Limited?

Datametrex AI Limited approved the grant of 12,500,000 Restricted Share Units (RSUs).

What is the vesting period for the RSUs granted by Datametrex AI Limited?

The RSUs granted by Datametrex AI Limited vest 12 months from the date of grant.

When was the omnibus incentive plan approved by the shareholders of Datametrex AI Limited?

The omnibus incentive plan was approved by the shareholders of Datametrex AI Limited at the Annual and Special Meeting Shareholders on December 14, 2023.

How many RSUs were clarified in terms of vesting by Datametrex AI Limited?

Datametrex AI Limited clarified vesting in respect of 22,100,000 RSUs granted and announced on January 29, 2024.

What is the new vesting schedule for the 22,100,000 RSUs granted by Datametrex AI Limited?

The 22,100,000 RSUs granted by Datametrex AI Limited will now vest 12 months from the date of grant, aligning with TSXV policies.