GameSquare Esports Inc. Announces Grant of Restricted Share Units

Rhea-AI Summary

GameSquare Esports Inc. (CSE: GSQ, OTCQB: GMSQF) announced a grant of 2,000,000 Restricted Share Units (RSUs) to CEO Justin Paul Kenna, effective immediately. This decision follows the company's Restricted Share Unit Compensation Plan. The RSUs are subject to a four-month hold period, as per Canadian Securities Exchange regulations. Headquartered in Toronto, GameSquare is a leading international digital media and entertainment company focused on esports, owning several businesses in this sector.

Positive

• Approval of 2,000,000 RSUs to CEO indicates confidence in leadership.
• RSUs vest immediately, aligning CEO's interests with shareholder value.

Negative

• None.

TORONTO, ON / ACCESSWIRE / December 7, 2022 / - GameSquare Esports Inc. (CSE:GSQ)(OTCQB:GMSQF)(FRA:29Q1) (the "Company" or "GameSquare") announces that its Board of Directors has approved a grant of 2,000,000 Restricted Share Units ("RSUs") to Justin Paul Kenna, the Company's Chief Executive Officer, pursuant to the Company's Restricted Share Unit Compensation Plan (the "RSU Plan").

The RSUs will vest in full immediately upon grant. The common shares of the Company underlying the RSUs are subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange.

About GameSquare Esports Inc.

GameSquare was incorporated under the Business Corporations Act (Ontario) on December 13, 2018. GameSquare is a vertically integrated, international digital media and entertainment company enabling global brands to connect and interact with gaming and esports fans. GameSquare owns a portfolio of companies including Code Red Esports Ltd., an esports talent agency serving the UK, GCN, a digital media company focusing on the gaming and esports audience based in Los Angeles, USA., Cut+Sew (Zoned), a gaming and lifestyle marketing agency based in Los Angeles, USA, Complexity Gaming, a leading esports organization operating in the United States, Fourth Frame Studios, a multidisciplinary creative production studio, and Mission Supply, a merchandise and consumer products business. The Company is headquartered in Toronto, Canada.

GameSquare Esports Inc.

FOR MORE INFORMATION, PLEASE CONTACT:

Paolo DiPasquale, Chief Strategy Officer
Phone: (216) 464-6400
Email: IR@gamesquare.com

Andrew Berger
Phone: (216) 464-6400
Email: IR@gamesquare.com

Cautionary Disclaimer Statement:

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

SOURCE: GameSquare Esports Inc.

View source version on accesswire.com:
https://www.accesswire.com/730780/GameSquare-Esports-Inc-Announces-Grant-of-Restricted-Share-Units

FAQ

What is the recent news about GameSquare Esports Inc. (GMSQF)?

GameSquare Esports Inc. announced a grant of 2,000,000 Restricted Share Units to CEO Justin Paul Kenna.

When were the RSUs granted to GameSquare's CEO?

The RSUs were granted on December 7, 2022.

How long is the hold period for the RSUs granted to GameSquare's CEO?

The RSUs are subject to a four-month hold period.

What is the significance of the RSU grant for GameSquare Esports?

The RSU grant aligns the CEO's interests with shareholders, showcasing confidence in leadership.