Everybody Loves Languages Grants Restricted Share Units
Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning and content development company, has announced the grant of restricted share units (RSUs) on August 6, 2024. The company's board of directors approved the grant of 1,900,000 RSUs to certain directors, officers, employees, and consultants, with 1,185,000 RSUs specifically allocated to directors and officers. These RSUs will vest according to the prescribed period under the RSU plan, which was previously approved by shareholders on February 20, 2024. This move is part of the company's strategy to align interests and incentivize key personnel.
Tutti amano le lingue Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), un'azienda edtech specializzata nell'apprendimento delle lingue e nello sviluppo di contenuti, ha annunciato l'assegnazione di unità di azioni vincolate (RSUs) il 6 agosto 2024. Il consiglio di amministrazione dell'azienda ha approvato l'assegnazione di 1.900.000 RSUs a determinati direttori, dirigenti, dipendenti e consulenti, di cui 1.185.000 RSUs specificamente destinati a direttori e dirigenti. Queste RSUs saranno attribuite in base al periodo stabilito dal piano RSU, precedentemente approvato dagli azionisti il 20 febbraio 2024. Questa mossa fa parte della strategia dell'azienda per allineare gli interessi e incentivare il personale chiave.
A todos les encantan las lenguas Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), una empresa edtech dedicada al aprendizaje de idiomas y al desarrollo de contenido, ha anunciado la concesión de unidades de acciones restringidas (RSUs) el 6 de agosto de 2024. La junta directiva de la empresa aprobó la concesión de 1.900.000 RSUs a ciertos directores, oficiales, empleados y consultores, con 1.185.000 RSUs específicamente asignados a directores y oficiales. Estas RSUs se otorgarán de acuerdo con el período estipulado en el plan de RSUs, el cual fue aprobado previamente por los accionistas el 20 de febrero de 2024. Este movimiento forma parte de la estrategia de la empresa para alinear intereses e incentivar al personal clave.
모든 사람이 언어를 사랑합니다 Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), 언어 학습 및 콘텐츠 개발에 특화된 에듀테크 기업이 2024년 8월 6일 제한 주식 단위 (RSUs) 지급을 발표했습니다. 회사의 이사회는 특정 이사, 임원, 직원 및 컨설턴트에게 1,900,000 RSUs 지급을 승인했으며, 그 중 1,185,000 RSUs는 특히 이사와 임원에게 할당되었습니다. 이 RSUs는 2024년 2월 20일 주주에 의해 이전에 승인된 RSU 계획에 따라 정해진 기간에 따라 배정될 것입니다. 이 결정은 회사의 전략의 일환으로, 이해관계를 일치시키고 핵심 인력을 장려하기 위한 것입니다.
Tous aiment les langues Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), une entreprise EdTech spécialisée dans l'apprentissage des langues et le développement de contenu, a annoncé l'octroi de unités d'actions restreintes (RSUs) le 6 août 2024. Le conseil d'administration de l'entreprise a approuvé l'octroi de 1.900.000 RSUs à certains directeurs, dirigeants, employés et consultants, dont 1.185.000 RSUs spécifiquement attribués aux directeurs et dirigeants. Ces RSUs seront acquises selon la période prescrite sous le plan RSU, qui a été préalablement approuvé par les actionnaires le 20 février 2024. Ce mouvement fait partie de la stratégie de l'entreprise pour aligner les intérêts et inciter les personnels clés.
Alle lieben Sprachen Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), ein EdTech-Unternehmen für das Erlernen von Sprachen und die Entwicklung von Inhalten, hat die Gewährung von restricted share units (RSUs) am 6. August 2024 angekündigt. Der Vorstand des Unternehmens genehmigte die Gewährung von 1.900.000 RSUs an bestimmte Direktoren, Führungskräfte, Mitarbeiter und Berater, wobei 1.185.000 RSUs speziell für Direktoren und Führungskräfte vorgesehen sind. Diese RSUs werden gemäß dem festgelegten Zeitraum im RSU-Plan, der zuvor von den Aktionären am 20. Februar 2024 genehmigt wurde, erworben. Dieser Schritt ist Teil der Strategie des Unternehmens, Interessen abzugleichen und Schlüsselpersonen zu incentivieren.
- Granting of RSUs may help align interests of key personnel with company goals
- Shareholder approval of the RSU Plan indicates support for the company's compensation strategy
- Potential dilution of existing shareholders' ownership due to the issuance of 1,900,000 RSUs
The Company has granted an aggregate of 1,900,000 RSUs to certain directors, officers, employees, and consultants of the Company, of which 1,185,000 RSUs are granted to the directors and officers. The RSUs shall vest in accordance with the prescribed period under the RSU plan. The RSU Plan was approved by the shareholders of the Company on February 20, 2024.
About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE:
Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology.
The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in
Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and
Follow Everybody Loves Languages on social media:
Facebook: https://www.facebook.com/everybodyloveslanguages
Twitter: twitter@elltechnologies
YouTube: Everybody Loves Languages (ELL)
LinkedIn: https://www.linkedin.com/company/elltechnologies
Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Everybody Loves Languages’ expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on www.sedar.com.
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NEITHER THE 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808809281/en/
Corporate Communications
Khurram Qureshi
(647) 831-1462
kqureshi@elltechnologies.com
Source: Everybody Loves Languages Corp.
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