GlobeX Data Issues Stock Options to Directors and Officers

Rhea-AI Summary

GlobeX Data Ltd. (OTCQB:SWISF) has granted 4,820,000 stock options to its executives and an employee, effective April 9, 2021, pending regulatory approval. Of these, 4,800,000 options are allocated to four officers and directors, while 20,000 are given to an accounting firm employee. The options are exercisable for CA$0.50 per share over the next five years and are subject to the company's vesting policy. GlobeX is a leading provider of Swiss-hosted secure communications and data management solutions, serving various sectors globally.

Positive

• Granting of stock options could align the interests of management with shareholders, potentially driving company performance.
• The company continues to expand its cybersecurity offerings, which may boost investor confidence.

Negative

• The issuance of a significant number of stock options may lead to dilution of existing shareholders' equity.

TORONTO, ON and NEW YORK, NY / ACCESSWIRE / April 12 2021 / GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS)(FRA:GDT) ("GlobeX" or the "Company"), the leader in Swiss hosted secure communications and secure data management, announces that it has granted on April 09, 2021, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 4,820,000 shares of its common stock. Of such options, 4,800,000 were granted to a group of four officers and directors of the Company and 20,000 were granted to an employee of the accounting firm of the Company and the Company's corporate secretary. All options were granted under the company's stock option plan and are all options are exercisable for a period of five years at a price of CA$0.50 per share. They are subject to the company's customary vesting policy.

About GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.

On behalf of Management
GLOBEX DATA LTD.
Alain Ghiai
President and Chief Executive Officer
+1.416.644.8690
corporate@globexdatagroup.com

For more information, please contact GlobeX Data at corporate@globexdatagroup.com or visit us at https://globexdatagroup.com.
For more information on Sekur visit us at: https://www.sekur.com .

Forward Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guaranteeing future performance. GlobeX cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond GlobeX's control. Such factors include, among other things: risks and uncertainties relating to the future of the Company's business; the success of marketing and sales efforts of the Company; the projections prepared in house and projections delivered by channel partners; the Company's ability to complete the necessary software updates; increases in sales as a result of investments software development technology; consumer interest in the Products; future sales plans and strategies; reliance on large channel partners and expectations of renewals to ongoing agreements with these partners; anticipated events and trends; the economy and other future conditions; and other risks and uncertainties, including those described in GlobeX's prospectus dated May 8, 2019 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GlobeX undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: GlobeX Data Ltd.

View source version on accesswire.com:
https://www.accesswire.com/639899/GlobeX-Data-Issues-Stock-Options-to-Directors-and-Officers

FAQ

What are the details of the stock options issued by GlobeX Data Ltd. on April 9, 2021?

GlobeX Data Ltd. issued a total of 4,820,000 stock options, with 4,800,000 to officers and directors and 20,000 to an employee, each exercisable at CA$0.50 for five years.

How does the stock option grant affect GlobeX Data Ltd.'s shareholders?

The stock option grant may lead to potential dilution of existing shareholders' equity due to the issuance of additional shares.

What is the potential impact of stock options on GlobeX Data Ltd.'s stock performance?

Granting stock options can motivate management to enhance company performance, potentially benefiting stock prices in the long term.

What type of company is GlobeX Data Ltd.?

GlobeX Data Ltd. specializes in Swiss-hosted secure communications and secure data management solutions for consumers, businesses, and governments.