Voxtur Announces Equity Grants to Officers

Rhea-AI Summary

Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) announced the grant of 1,232,863 stock options and 1,754,565 restricted share units to certain officers as part of its Long-Term Incentive Plan. The stock options, priced at CAD$0.48, will expire in five years if unexercised. A portion of the options vested immediately, while others will vest over the next two years. Similarly, the RSUs will vest over a three-year period. This initiative aims to align the interests of the management team with the company’s long-term performance.

Positive

• Granting stock options and RSUs aligns management's interests with long-term performance.
• Stock options priced at CAD$0.48 may encourage investment from the management team.

Negative

• None.

TORONTO and TAMPA, Fla., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, announced today that, in accordance with the Long-Term Incentive Plan approved at the Annual and Special Meeting of Shareholders on June 14, 2022, the Company granted a total of 1,232,863 stock options (“Options”) and 1,754,565 restricted share units (“RSUs”) to certain officers of the Company in lieu of cash bonuses. The Options have an exercise price of CAD$0.48 and will expire five years from the grant date if not exercised. A portion of the Options totaling 232,863 vested on the grant date and the remaining 1,000,000 Options vest in three equal installments, with the first installment vesting on the grant date and the remaining two installments vesting on the first two anniversaries of the grant date. A portion of the RSUs totaling 1,154,565 vests on the first anniversary of the grant date, and the remaining 600,000 RSUs vest in three equal installments on the first three anniversaries of the grant date. A complete copy of the Company's Long-Term Incentive Plan can be found attached as Exhibit A of the Company’s Management Information Circular dated May 9, 2022, a copy of which is available at www.sedar.com.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

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 news release.

Voxtur’s common shares are traded on the TSXV under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

Contact:
Jordan Ross
Chief Investment Officer
Tel: (416) 708-9764
jordan@voxtur.com

FAQ

What stock options were granted by Voxtur Analytics Corp.?

Voxtur granted 1,232,863 stock options with an exercise price of CAD$0.48.

What is the purpose of Voxtur's stock options and restricted share units grant?

The purpose is to align management's interests with the company's long-term performance.

When do Voxtur's stock options expire?

The stock options will expire five years from the grant date if not exercised.

How many restricted share units did Voxtur grant?

Voxtur granted a total of 1,754,565 restricted share units.

What is the current stock symbol for Voxtur Analytics Corp.?

Voxtur's stock symbol is VXTRF in the US and VXTR on TSXV.