Tiny Announces Equity Grant

Rhea-AI Summary

Tiny (TSXV: TINY), a Canadian holding company, has announced an equity grant to its newly appointed CEO, Jordan Taub. The company has granted 469,483 restricted share units (RSUs), subject to acceptance by the TSX Venture Exchange. These RSUs are subject to vesting provisions, with the first third vesting on the first anniversary of the grant date.

This equity grant aligns the new CEO's interests with those of the shareholders and provides an incentive for long-term performance. The vesting schedule encourages retention and commitment to the company's growth over time.

Positive

• Alignment of CEO's interests with shareholders through equity grant
• Incentive structure for long-term performance and retention

Negative

• Potential dilution of existing shareholders' equity

Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - Tiny Ltd. (TSXV: TINY) ("Tiny" or the "Company"), a Canadian holding company, today announced it has granted, subject to acceptance by the TSX Venture Exchange, 469,483 restricted share units (the "RSUs"), to its newly appointed CEO Jordan Taub. The RSUs are subject to vesting provisions with the first third vesting on the first anniversary of the date of grant.

About Tiny

Tiny is a Canadian-based investment company focused primarily on acquiring majority stakes in businesses that it expects to hold over the long-term. The Company is structured to give maximum flexibility to operating management teams by maintaining a focus at the parent company level on only two areas: capital allocation and operating management hiring and incentivization. This structure enables operators to do what they do best, within an incentive structure that is designed to drive results for both the operating business and ultimately for Tiny and its shareholders.​

Tiny currently has three principle reporting segments: Digital Services, which provides design, engineering, brand positioning and marketing services to help companies of all sizes deliver premium web and mobile products​; E-Commerce Platform, which is home to a complementary portfolio of recurring revenue software businesses that support merchants, as well as digital themes businesses that sell templates to Shopify merchants​; and Creative Platform, which is comprised primarily of Dribbble, the leading social network for designers and digital creatives, as well as a premier online marketplace for digital assets such as fonts and templates.​

For more information, please visit www.tiny.com or refer to the public disclosure documents available under Tiny's SEDAR+ profile at www.sedarplus.ca.

Company Contact:
Mike McKenna
Chief Financial Officer
(416) 938-0574
Mike@tiny.com

Cautionary Note Regarding Forward-Looking Information:

This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-Looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company.

Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are more fully described in the Company's most recent MD&A as well as the list of risk factors in the Company's Annual Information Form dated April 30, 2024 available on SEDAR+ at https://www.sedarplus.ca under the Company's profile.

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 not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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/220640

FAQ

How many RSUs did Tiny (TSXV: TINY) grant to its new CEO?

Tiny granted 469,483 restricted share units (RSUs) to its newly appointed CEO, Jordan Taub.

What is the vesting schedule for the RSUs granted by Tiny (TSXV: TINY)?

The RSUs are subject to vesting provisions, with the first third vesting on the first anniversary of the grant date.

Who is the newly appointed CEO of Tiny (TSXV: TINY)?

The newly appointed CEO of Tiny is Jordan Taub.

Is the equity grant by Tiny (TSXV: TINY) subject to any regulatory approval?

Yes, the equity grant is subject to acceptance by the TSX Venture Exchange.