Legend Power(R) Announces Issuance of Equity Incentives
Legend Power Systems has approved the grant of 1,250,000 stock options to acquire common shares, pending TSX Venture Exchange approval.
Of these, 600,000 were granted to executive officers, exercisable until June 13, 2027, at a price of $0.185 per share. The options will vest in installments over time.
This move aims to strengthen the company's management incentives and aligns with its focus on providing intelligent energy management solutions that reduce energy consumption and support corporate sustainability efforts.
- Granting 1,250,000 stock options is intended to enhance management incentives.
- Strengthens executive commitment with 600,000 options specifically for executives.
- None.
VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Legend Power® Systems Inc. (TSXV:LPS)(OTCQB:LPSIF) ("Legend Power" or the "Company") a global leader in commercial electrical system solutions, has approved, subject to acceptance by the TSX Venture Exchange, the grant of 1,250,000 incentive stock options (the "Options") to acquire common shares in the capital of Legend Power (each a "Common Share"), 600,000 of which were granted to executive officers. The Options are exercisable until June 13, 2027, at
About Legend Power® Systems Inc.
Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
For further information, please contact:
Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This Press Release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
SOURCE: Legend Power Systems Inc.
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