Titan Logix Corp. Announces Amended Stock Option Plan
Titan Logix Corp. (TSXV: TLA) has announced the adoption of an amended and restated stock option plan, which received TSX Venture Exchange approval and shareholder approval at the January 23, 2025 annual general meeting. The Amended Option Plan maintains most features of the previous plan while introducing new provisions for cashless and net exercise options.
Key updates include compliance modifications with TSX Venture Policy 4.4 regarding corporate events, vesting terms, and hold periods. The plan caps the total reserved common shares at 3,000,000, with 1,350,000 stock options currently outstanding under the new plan's provisions.
Titan Logix Corp. (TSXV: TLA) ha annunciato l'adozione di un piano di opzioni azionarie modificato e aggiornato, che ha ricevuto l'approvazione della TSX Venture Exchange e l'approvazione degli azionisti nell'assemblea generale annuale del 23 gennaio 2025. Il Piano di Opzioni Modificato mantiene la maggior parte delle caratteristiche del piano precedente, introducendo però nuove disposizioni per opzioni di esercizio cashless e net.
Le principali novità includono modifiche per garantire la conformità con la Politica 4.4 della TSX Venture riguardo gli eventi aziendali, i termini di vesting e i periodi di blocco. Il piano fissa a 3.000.000 il numero totale di azioni ordinarie riservate, con 1.350.000 opzioni azionarie attualmente in essere secondo le disposizioni del nuovo piano.
Titan Logix Corp. (TSXV: TLA) ha anunciado la adopción de un plan de opciones sobre acciones modificado y reformulado, que recibió la aprobación de la TSX Venture Exchange y la aprobación de los accionistas en la reunión anual general del 23 de enero de 2025. El Plan de Opciones Modificado mantiene la mayoría de las características del plan anterior, al mismo tiempo que introduce nuevas disposiciones para opciones de ejercicio sin efectivo y netas.
Las actualizaciones clave incluyen modificaciones de cumplimiento con la Política 4.4 de TSX Venture respecto a eventos corporativos, términos de adquisición y períodos de retención. El plan limita las acciones ordinarias reservadas a un total de 3,000,000, con 1,350,000 opciones sobre acciones actualmente pendientes conforme a las disposiciones del nuevo plan.
Titan Logix Corp. (TSXV: TLA)는 수정된 주식 선택 계획의 도입을 발표했으며, 이 계획은 TSX 벤처 거래소의 승인과 2025년 1월 23일 연차 총회에서 주주 승인을 받았습니다. 수정된 옵션 계획은 이전 계획의 대부분의 기능을 유지하면서 현금 없는 및 순수한 취득 옵션을 위한 새로운 조항을 도입합니다.
주요 업데이트에는 기업 이벤트, 취득 조건 및 보유 기간에 대한 TSX 벤처 정책 4.4 준수 수정이 포함됩니다. 이 계획은 총 예약된 보통주를 3,000,000로 제한하며, 현재 이 새로운 계획의 조항에 따라 1,350,000 주식 옵션이 존재합니다.
Titan Logix Corp. (TSXV: TLA) a annoncé l'adoption d'un plan d'options sur actions modifié et révisé, qui a reçu l'approbation de la TSX Venture Exchange ainsi que l'approbation des actionnaires lors de l'assemblée générale annuelle du 23 janvier 2025. Le Plan d'Options Modifié conserve la plupart des caractéristiques de l'ancien plan tout en introduisant de nouvelles dispositions pour des options d'exercice sans espèces et nettes.
Parmi les principales mises à jour figurent des modifications de conformité avec la Politique 4.4 de la TSX Venture concernant les événements d'entreprise, les conditions d'acquisition et les périodes de blocage. Le plan limite le total des actions ordinaires réservées à 3.000.000, avec 1.350.000 options sur actions actuellement en circulation selon les dispositions du nouveau plan.
Titan Logix Corp. (TSXV: TLA) hat die Annahme eines geänderten und aktualisierten Aktienoptionsplans bekannt gegeben, der die Genehmigung der TSX Venture Exchange sowie die Zustimmung der Aktionäre auf der Jahreshauptversammlung am 23. Januar 2025 erhalten hat. Der Geänderte Optionsplan behält die meisten Funktionen des vorherigen Plans bei und führt neue Bestimmungen für bargeldlose und nettopoptionsausübung ein.
Wichtige Aktualisierungen umfassen Anpassungen zur Einhaltung der TSX-Venture-Richtlinie 4.4 in Bezug auf Unternehmensereignisse, Vesting-Bedingungen und Haltedauern. Der Plan limitiert die insgesamt reservierten Stammaktien auf 3.000.000, wobei derzeit 1.350.000 Aktienoptionen gemäß den Bestimmungen des neuen Plans ausstehen.
- Introduction of cashless and net exercise options provides more flexibility for option holders
- Plan received both TSX Venture Exchange approval and shareholder approval
- None.
Edmonton, Alberta--(Newsfile Corp. - January 29, 2025) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announced that it has adopted an amended and restated stock option plan (the "Amended Option Plan"), which has received final approval of the TSX Venture Exchange. The Amended Option Plan was approved by the Company's shareholders at its annual general meeting of shareholders held on January 23, 2025.
The Amended Option Plan is substantially the same as the previous stock option plan; however, it includes new provisions allowing for the exercise of stock options on a cashless and net exercise basis. The Amended Option Plan also includes amendments to ensure compliance with TSX Venture Policy 4.4 – Security Based Compensation, including provisions related to corporate events, vesting terms, and hold periods for certain participants.
The aggregate number of common shares that may be reserved for issuance under the Amended Option Plan must not exceed 3,000,000 common shares, and at the time of approval of the Amended Option Plan, there were 1,350,000 stock options outstanding, which are deemed to be issued pursuant to and subject to the provisions of the Amended Option Plan.
For more information regarding the Amended Option Plan, please see the Company's 2024 Management Information Circular dated December 12, 2024, as well as a copy of the Amended Option Plan itself, both of which have been filed under the Company's profile on SEDAR+ at www.sedarplus.ca.
About Titan Logix Corp.:
For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture. Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.
Neither 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.
Contact Information:
Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
www.titanlogix.com
TSX Venture, TLA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238912
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