Backstageplay Announces Shareholder Approval Amended Omnibus Incentive Plan at 2024 Annual General Meeting
Backstageplay Inc. (TSXV: BP.H) announced that shareholders approved amendments to its omnibus incentive plan at the December 20, 2024 Annual General Meeting. The TSX Venture Exchange has accepted these 'housekeeping' amendments, which include NEX provisions following the company's transfer to the NEX Board in August 2024.
Shareholders approved an increase of 256,510 common shares for restricted share units, bringing the total maximum to 2,068,783 common shares available for issuance. The Amended Omnibus Plan allows for stock options on a rolling 10% basis of issued shares and a 10% fixed portion for restricted share units. However, as a NEX Issuer, the company can currently only grant stock options.
Backstageplay Inc. (TSXV: BP.H) ha annunciato che gli azionisti hanno approvato emendamenti al piano di incentivazione omnibus durante l'Assemblea Generale Annuale del 20 dicembre 2024. La Borsa Valori TSX Venture ha accettato questi emendamenti 'di routine', che includono le disposizioni NEX in seguito al trasferimento della società al NEX Board nell'agosto 2024.
Gli azionisti hanno approvato un aumento di 256.510 azioni ordinarie per le unità azionarie ristrette, portando il totale massimo a 2.068.783 azioni ordinarie disponibili per l'emissione. Il Piano Omnibus Modificato consente opzioni su azioni su base circolante del 10% delle azioni emesse e una porzione fissa del 10% per le unità azionarie ristrette. Tuttavia, in quanto Emittente NEX, attualmente la società può solo concedere opzioni su azioni.
Backstageplay Inc. (TSXV: BP.H) anunció que los accionistas aprobaron enmiendas a su plan de incentivos omnibus durante la Junta General Anual del 20 de diciembre de 2024. La Bolsa de Valores TSX Venture ha aceptado estas enmiendas 'de rutina', que incluyen disposiciones NEX tras la transferencia de la empresa a la Junta NEX en agosto de 2024.
Los accionistas aprobaron un aumento de 256,510 acciones ordinarias para las unidades de acciones restringidas, elevando el total máximo a 2,068,783 acciones ordinarias disponibles para emisión. El Plan Omnibus Modificado permite opciones de acciones sobre una base del 10% de las acciones emitidas y una porción fija del 10% para las unidades de acciones restringidas. Sin embargo, como Emisor NEX, la empresa actualmente solo puede otorgar opciones de acciones.
Backstageplay Inc. (TSXV: BP.H)는 2024년 12월 20일 열린 연례 총회에서 주주들이 자사 포괄적인 인센티브 계획의 개정을 승인했다고 발표했습니다. TSX 벤처 거래소는 2024년 8월에 회사가 NEX 보드로 이전한 후 NEX 조항을 포함한 이러한 '정리' 개정을 승인했습니다.
주주들은 제한 주식 단위를 위한 보통주 256,510주 증가를 승인했으며, 이를 통해 총 2,068,783 보통주가 발행 가능하게 되었습니다. 개정된 포괄적인 계획은 발행된 주식의 10% 비율에 따라 주식 옵션을 허용하며, 제한 주식 단위에 대해 고정된 10% 비율을 설정합니다. 그러나 NEX 발행자로서 현재 회사는 주식 옵션만 부여할 수 있습니다.
Backstageplay Inc. (TSXV: BP.H) a annoncé que les actionnaires ont approuvé des amendements à son plan d'incitation omnibus lors de l'Assemblée Générale Annuelle du 20 décembre 2024. La Bourse TSX Venture a accepté ces amendements de 'routine', qui incluent des dispositions NEX suite au transfert de la société au NEX Board en août 2024.
Les actionnaires ont approuvé une augmentation de 256 510 actions ordinaires pour les unités d'actions restreintes, portant le total maximum à 2 068 783 actions ordinaires disponibles pour émission. Le Plan Omnibus Amendé permet des options d'actions sur une base roulante de 10 % des actions émises et une portion fixe de 10 % pour les unités d'actions restreintes. Cependant, en tant qu'Émetteur NEX, la société ne peut actuellement octroyer que des options d'actions.
Backstageplay Inc. (TSXV: BP.H) gab bekannt, dass die Aktionäre bei der Jahreshauptversammlung am 20. Dezember 2024 Änderungen an ihrem umfassenden Anreizplan genehmigt haben. Die TSX Venture Exchange hat diese 'Hauskeeping'-Änderungen akzeptiert, die NEX-Bestimmungen beinhalten, nachdem das Unternehmen im August 2024 an das NEX Board übertragen wurde.
Die Aktionäre genehmigten eine Erhöhung von 256.510 Stammaktien für die eingeschränkten Aktieneinheiten, wodurch die maximale Gesamtzahl auf 2.068.783 Stammaktien steigt, die zur Ausgabe verfügbar sind. Der geänderte Omnibus-Plan erlaubt Aktienoptionen auf einer rollierenden Basis von 10 % der ausgegebenen Aktien und einen festen Anteil von 10 % für die eingeschränkten Aktieneinheiten. Als NEX-Emittent kann das Unternehmen jedoch derzeit nur Aktienoptionen gewähren.
- None.
- Company was downgraded to NEX Board in August 2024, indicating reduced operations or assets
- Restricted to only granting stock options while listed on NEX, limiting compensation flexibility
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Backstageplay Inc. (TSXV: BP.H) (the "Company") announces that the TSX Venture Exchange has accepted amendments to its omnibus incentive plan which was approved by the Company's shareholders at the Company's Annual General Meeting that was held on December 20, 2024 (the "Meeting").
The Company's board of directors adopted certain "housekeeping" amendments to its omnibus incentive plan at the request of the TSX Venture Exchange (the "Amended Omnibus Plan"), which amendments are of a "housekeeping nature" and do not affect the rights of the Company's securityholders. The Company was transferred to the NEX Board effective on Monday, August 19, 2024, and NEX provisions have also been incorporated into the Amended Omnibus Incentive Plan. The amendments are described in detail to the Company's Information Circular for the Meeting, and in follow up to the Company's February 8, 2024 news release, shareholders also approved at the Meeting an increase of an additional 256,510 common shares to be reserved for restricted share units under the Amended Omnibus Plan, to total a maximum of 2,068,783 common shares available for issuance from treasury. Any restricted share unit that has been cancelled or terminated without being paid out, shall be returned to the Amended Omnibus Plan.
The Amended Omnibus Plan provides flexibility to grant equity-based incentive awards in the form of stock options (option-based awards) on a rolling
For greater certainty, in accordance with NEX Policies, so long as the Company remains a NEX Issuer, the Company is not able to grant or issue security based compensation other than stock options.
A complete copy of the Amended Omnibus Plan has been SEDAR+ filed and is available for viewing under the Company's corporate profile on SEDAR+ at www.sedarplus.ca
About Backstageplay Inc.
Backstageplay, Inc. is an online and mobile entertainment and marketing company, engaged in the business of social gaming and retention software and services.
ON BEHALF OF THE BOARD
S/Scott White
Scott White
Chief Executive Officer
About Backstageplay Inc.
Backstageplay Inc. is an internet entertainment and marketing company.
For Further information, please contact:
Scott White, Chief Executive Officer 1 (416) 704-6611 scott@backstageplay.com
Sean Hodgins, Chief Financial Officer 1 (778) 318-1514 sean@tandemig.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237969
FAQ
What changes were approved to Backstageplay's (PRYNF) incentive plan in December 2024?
When was Backstageplay (PRYNF) transferred to the NEX Board?
How many additional shares were approved for restricted share units under Backstageplay's (PRYNF) amended plan?
What limitations does Backstageplay (PRYNF) face as a NEX issuer regarding compensation?
