TORONTO, April 24, 2017 /CNW/ - BrightPath Early Learning
Inc. ("BrightPath" or the "Company") (TSX-V: BPE), the leading
Canadian provider of high-quality, comprehensive early childhood
education and care, announced today the issuance of Stock Options
("Options") and Deferred Share Units ("DSU") to its executive
management.
The board of directors has approved the issuance of 50,000
Options to each of Mary Ann Curran,
Chief Executive Officer and Dale
Kearns, President and Chief Financial Officer and 30,000
Options to Liz Nadeau, Chief
Operating Officer of BrightPath. The Options are exercisable
at $0.58 per share for a period of
five years and will vest in equal parts over three years beginning
one year from the date of grant.
Also, in connection with incentive compensation arrangements for
management performance for the 2016 fiscal year, DSUs of 215,624
for Mary Ann Curran, 187,500 for
Dale Kearns and 125,000 for
Liz Nadeau were awarded.
The Options are subject to the terms of the Company's Stock
Option Plan and DSUs subject to the Company's DSU plan as set out
in its most recent Information Circular.
ABOUT BRIGHTPATH EARLY LEARNING INC.
BrightPath Early Learning Inc. is a Canadian leader in child
care and early education with 76 locations in major markets across
the country comprising 8,580 licensed spaces. Meeting the highest
standards in curriculum, nutrition, technology and recreational
programming, BrightPath is committed to providing families with the
very best child development and care Canada has to offer.
For more information, visit www.BrightPathKids.com/corporate or
contact Dale Kearns, President &
Chief Financial Officer of BrightPath Early Learning Inc. at (403)
705-0362 ext. 406.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE BrightPath Early Learning Inc.