Playmaker Announces RSU Grants

Rhea-AI Summary

Playmaker (TSX-V: PMKR; OTC: PMKRF), a digital sports media company, has announced the grant of 2,258,034 restricted share units (RSUs) to select executive officers and senior employees under its equity incentive plan. Each RSU allows holders to acquire one common share or receive cash equivalent upon vesting. The RSUs will vest in three equal installments over three years. This move is designed to align the interests of executives with shareholders by providing performance-based incentives. Playmaker continues to focus on delivering engaging sports content to its advertising partners.

Positive

• Issuance of 2,258,034 RSUs to executives aligns their interests with shareholders.
• Long-term vesting schedule of RSUs promotes sustained performance.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Playmaker (TSX-V: PMKR) (“Company”) the digital sports media company that delivers authentic content experiences through its portfolio of sports media brands, announced that it has granted 2,258,034 restricted share units (“RSUs”) to certain executive officers and senior employees of the Company under the terms of the Company’s omnibus equity incentive plan (the “Plan”).

Each RSU entitles the holder to acquire one common share of Playmaker (the “Common Shares”) or a cash payment equal to the equivalent of one Common Share on vesting. The RSUs vest one-third on the one year anniversary of the grant date, one-third on the second anniversary of the grant date and one-third on the third anniversary of the grant date.

TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ABOUT PLAYMAKER
Playmaker (TSX-V: PMKR; OTC: PMKRF) is a digital sports media company that acquires and integrates premier fan-centric media brands, curated to deliver highly engaged audiences of sports fans to tier one advertisers, online sports betting operators, and sports federations and leagues. Leveraging its in-house technology stack, Bench, and with a 360-degree view of sports fans, Playmaker delivers authentic digital content experiences for sports fans and best-in-class results for its partners across the Americas.

For more information, visit: http://www.playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans | T: (416) 815-4993

To sign up for Playmaker’s Investor Alerts, visit: playmaker.fans/investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230324005390/en/

MEDIA

Jonathan Ross – jon.ross@loderockadvisors.com | (416) 283-0178

Elias Blahacek – elias@playmaker.fans | (416) 254-4345

Source: Playmaker

FAQ

What is the recent announcement from Playmaker regarding RSUs?

Playmaker announced the grant of 2,258,034 restricted share units (RSUs) to executive officers and senior employees.

How do the RSUs granted by Playmaker vest?

The RSUs vest one-third on each anniversary over three years.

What is Playmaker's stock symbol?

Playmaker's stock symbols are PMKR on TSX-V and PMKRF on OTC.

What is the purpose of the RSUs granted by Playmaker?

The RSUs aim to align the interests of executives with those of shareholders.