Clear Blue Technologies Announces RSU and Option Grants
September 13 2019 - 5:30PM
Clear Blue Technologies International Inc. (Clear Blue or “the
Company”) (TSXV: CBLU) (FRANKFURT: 0YA), the Smart Off-Grid™
company, announces that the Board of Directors has approved the
grant of 487,002 incentive stock options. 416,335 were
granted to directors and senior officers of the Corporation and
vest over 36 months, with the balance vesting over 48 months. The
options are exercisable into common shares of the Company at a
price of $0.16 per share. Subject to the rules of the TSX Venture
Exchange and the Company's 2019 Omnibus Equity Incentive
Compensation Plan, 416,335 options have a vesting term over 3 years
and 70,667 options have a vesting term over 4 years. All
options will expire on September 12, 2024.
RSU Grants
The Company has also granted an aggregate of
1,176,653 RSUs to officers, directors and key employees and
consultants, with vesting on February 1, 2020. Each vested
RSU entitles the holder to receive one common share of the Company
(“Share”) by delivering an exercise notice in accordance with the
Company’s 2019 Omnibus Equity Incentive Compensation Plan.
About Clear Blue Technologies
International
Clear Blue Technologies International, the Smart
Off-Grid™ company, was founded on a vision of delivering clean,
managed, “wireless power” to meet the global need for reliable,
low-cost, solar and hybrid power for lighting, telecom, security,
Internet of Things devices, and other mission-critical
systems. Today, Clear Blue has thousands of systems under
management across 35 countries, including the U.S. and Canada.
Clear Blue is publicly traded on the Toronto Venture Exchange under
the symbol CBLU and on the Frankfurt Stock Exchange (FRANKFURT:
0YA). Learn more at www.clearbluetechnologies.com.
Neither the 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: Miriam TuerkCo-Founder, Director &
CEO416-433-3952miriam@clearbluetechnologies.com
Media Contact: Becky NyeAssociateMontieth &
Company 12 E 49th St., New York, NY 10017+1 646.864.3517
bnye@montiethco.com
Investor
Relations:invest@clearbluetechnologies.com http://www.clearbluetechnologies.com/en/investors
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