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Thunderbird Entertainment Provides Shares Issuance Update
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Thunderbird Entertainment Group has authorized the grant of 200,000 incentive stock options to executive-level employees. The options are priced at $3.50 per share and have a seven-year term, subject to vesting provisions. This move aligns with the company’s strategy to incentivize its leadership team. Thunderbird is known for its award-winning production and distribution of multiplatform content and has a diverse portfolio, including animated and factual programming.
Positive
Grant of 200,000 stock options to executives can enhance employee motivation and retention.
Stock options priced at $3.50 per share could become valuable if the stock price rises, benefiting the company.
Negative
None.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
Thunderbird Entertainment Group Inc. (TSXV:TBRD) (OTCQX:THBRF) (Thunderbird or the Company), a global award-winning, full-service multiplatform production, distribution and rights management company, today announced that the Board of Directors has authorized the grant of an aggregate of 200,000 incentive stock options in accordance with the terms of the Company’s stock option plan to employees at the executive level. The options are exercisable at a price of $3.50 per share and have a seven-year term, subject to vesting provisions.
ABOUT THUNDERBIRD ENTERTAINMENT GROUP
Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Factual (Great Pacific Media) and Thunderbird Scripted. Productions under the Thunderbird umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell and Kim’s Convenience, among others. The Company also has a division dedicated to global distribution and consumer products. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.
What did Thunderbird Entertainment Group announce recently regarding stock options?
Thunderbird Entertainment Group announced the authorization of 200,000 incentive stock options for executive-level employees, with an exercise price of $3.50 per share.
What is the exercise price of the stock options granted by Thunderbird Entertainment Group?
The stock options granted by Thunderbird Entertainment Group have an exercise price of $3.50 per share.
How many stock options did Thunderbird Entertainment Group authorize for its executives?
Thunderbird Entertainment Group authorized 200,000 stock options for its executive-level employees.
What is the term of the stock options granted by Thunderbird Entertainment Group?
The stock options granted by Thunderbird Entertainment Group have a term of seven years, subject to vesting provisions.
What is the stock symbol for Thunderbird Entertainment Group?
The stock symbol for Thunderbird Entertainment Group is THBRF on the OTCQX.
