Yangaroo Announces Appointment of CFO and RSU Grant
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) has appointed Peter Kanniah as Chief Financial Officer, effective January 02, 2025. Kanniah brings over 20 years of experience in accounting, compliance, and corporate financial management. He is a CPA with expertise in IFRS and GAAP, specializing in operational efficiency and regulatory compliance.
The company has granted Kanniah 500,000 restricted share units (RSUs) under its Omnibus Incentive Plan, vesting 100% on the second anniversary of his start date. The RSUs will be payable in cash, common shares, or a combination of both. Following this grant, 500,000 RSUs will be outstanding, with 3,870,600 RSUs remaining available for grant.
CEO Grant Schuetrumpf will serve as Interim CFO until Kanniah's effective date.
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) ha nominato Peter Kanniah come Direttore Finanziario, con decorrenza dal 2 gennaio 2025. Kanniah porta con sé oltre 20 anni di esperienza in contabilità, conformità e gestione finanziaria aziendale. È un CPA con competenze in IFRS e GAAP, specializzato in efficienza operativa e conformità normativa.
L'azienda ha concesso a Kanniah 500.000 unità Azionarie Riservate (RSU) nell'ambito del suo Piano Incentivo Omnibus, che si vestono al 100% al secondo anniversario della sua data di assunzione. Le RSU saranno pagabili in contante, azioni ordinarie o una combinazione di entrambe. Dopo questa concessione, 500.000 RSU saranno in circolazione, con 3.870.600 RSU ancora disponibili per la concessione.
Il CEO Grant Schuetrumpf fungerà da CFO ad interim fino alla data effettiva di Kanniah.
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) ha nombrado a Peter Kanniah como Director Financiero, efectivo el 2 de enero de 2025. Kanniah aporta más de 20 años de experiencia en contabilidad, cumplimiento y gestión financiera corporativa. Es un CPA con experiencia en IFRS y GAAP, especializado en eficiencia operativa y cumplimiento normativo.
La compañía ha otorgado a Kanniah 500.000 unidades de acciones restringidas (RSU) bajo su Plan de Incentivos Omnibus, que se consolidarán al 100% en el segundo aniversario de su fecha de inicio. Las RSU se pagarán en efectivo, acciones comunes o una combinación de ambas. Tras esta concesión, habrá 500.000 RSU en circulación, con 3.870.600 RSU aún disponibles para otorgar.
El CEO Grant Schuetrumpf servirá como CFO interino hasta la fecha efectiva de Kanniah.
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF)는 Peter Kanniah를 최고 재무 책임자(CFO)로 임명하고 2025년 1월 2일부터 효력을 발휘합니다. Kanniah는 회계, 컴플라이언스 및 기업 재무 관리 분야에서 20년 이상의 경력을 가지고 있습니다. 그는 IFRS 및 GAAP에 대한 전문성을 갖춘 CPA로 운영 효율성 및 규정 준수를 전문으로 합니다.
회사는 Kanniah에게 500,000개 제한 주식 유닛(RSU)을 Omnibus Incentive Plan에 따라 부여하였으며, 그의 시작일의 두 번째 기념일에 100%로 확정됩니다. RSU는 현금, 보통주 또는 두 가지의 조합으로 지급됩니다. 이 부여 이후, 유통되는 RSU는 500,000개이며, 3,870,600개의 RSU가 추가로 부여될 수 있습니다.
CEO Grant Schuetrumpf는 Kanniah의 효력 발생일 전까지 임시 CFO로서 역할을 수행할 것입니다.
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) a nommé Peter Kanniah au poste de directeur financier, à compter du 2 janvier 2025. Kanniah apporte plus de 20 ans d'expérience en comptabilité, conformité et gestion financière d'entreprise. Il est CPA avec une expertise en IFRS et GAAP, spécialisé dans l'efficacité opérationnelle et la conformité réglementaire.
La société a accordé à Kanniah 500 000 unités d'actions restreintes (RSU) dans le cadre de son plan d'incitation omnibus, qui seront consolidées à 100 % lors du deuxième anniversaire de sa date d'embauche. Les RSU seront payés en espèces, en actions ordinaires ou en combinaison des deux. Suite à cette attribution, 500 000 RSU seront en circulation, avec 3 870 600 RSU encore disponibles à l'offre.
Le PDG Grant Schuetrumpf servira de CFO par intérim jusqu'à la date d'effet de Kanniah.
Yangaroo Inc. (TSXV: YOO, OTC: YOOIF) hat Peter Kanniah zum Chief Financial Officer ernannt, der am 2. Januar 2025 in Kraft tritt. Kanniah bringt über 20 Jahre Erfahrung in Rechnungswesen, Compliance und Unternehmensfinanzmanagement mit. Er ist ein CPA mit Fachkenntnissen in IFRS und GAAP und spezialisiert auf operative Effizienz und regulatorische Compliance.
Das Unternehmen hat Kanniah 500.000 restricted share units (RSUs) im Rahmen seines Omnibus-Incentive-Plans gewährt, die zu 100 % am zweiten Jahrestag seines Eintrittsdatums in Kraft treten. Die RSUs werden in bar, in Stammaktien oder in einer Kombination von beiden ausgezahlt. Nach dieser Gewährung werden 500.000 RSUs ausstehend sein, wobei noch 3.870.600 RSUs zur Verfügung stehen.
CEO Grant Schuetrumpf wird bis zu Kanniahs Inkrafttreten als Interim-CFO fungieren.
- Appointment of experienced CFO with 20+ years of financial management expertise
- RSU grant aligns new CFO's interests with long-term company performance through 2-year vesting period
- Significant RSU capacity remains available (3,870,600) for future incentive grants
- Potential dilution from 500,000 RSU grant if settled in shares
Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF) (the "Company"), a software leader in media asset workflow solutions for the advertising and entertainment industries, is pleased to announce the appointment of Peter Kanniah as the Company's Chief Financial Officer, effective January 02, 2025 (the "Effective Date").
Peter Kanniah is a highly qualified financial professional with over 20 years of experience in accounting, compliance, and corporate financial management. A CPA and Business Administration graduate, he is skilled in IFRS and GAAP, with a proven track record of driving operational efficiency, managing complex budgets, and ensuring regulatory compliance.
Mr. Kanniah has led financial reporting transitions, acquisition integrations, and process optimizations throughout his career. His expertise includes managing audits, treasury functions, cash flow, and account reconciliations. Known for his leadership, problem-solving skills, and ability to deliver cost-effective solutions, Mr. Kanniah is committed to advancing organizational success through strategic financial management.
The Company has agreed to grant 500,000 restricted share units (each an "RSU", collectively the "RSUs") to Mr. Kanniah in accordance with the terms and conditions of the Company's Omnibus Incentive Plan (the "Plan"). The RSUs will be granted on or about the Effective Date and vest
Grant Schuetrumpf, Chief Executive Officer of the Company, commented, "We look forward to Peter joining the team. Peter's extensive expertise in financial management, compliance, and strategic leadership will be invaluable as we advance our goals and remain focused on delivering exceptional value to our shareholders."
The Company has appointed Grant Schuetrumpf, Chief Executive Officer of the Company, as Interim Chief Financial Officer until the Effective Date.
About YANGAROO:
Yangaroo is a software leader in media asset workflow and distribution solutions for the advertising, music, and awards industries. YANGAROO's patented Digital Media Distribution System is a leading secure business-to-business cloud-based solution that incorporates production services, traffic, clearance, delivery, analytics, and secure API integration for the industry's various video and audio workflow challenges.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF.
For YANGAROO Investor Inquiries:
Grant Schuetrumpf
Phone: (416) 534-0607
investors@yangaroo.com
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. 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", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company is making forward-looking statements with respect to, including but not limited to, the appointment of Mr. Kanniah and the impact thereof on the Company; and the grant and terms of the RSUs.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233285
FAQ
When will Peter Kanniah start as CFO of Yangaroo (YOOIF)?
How many RSUs were granted to Yangaroo's new CFO?
What is the vesting period for the RSUs granted to Yangaroo's new CFO?
How many RSUs remain available for grant under Yangaroo's Omnibus Incentive Plan?
Who is serving as interim CFO of Yangaroo (YOOIF) until January 2025?
