KIRKLAND, QC, March 2, 2017 /CNW Telbec/ - Manitex Capital Inc.
("Manitex" or the "Corporation") announces that the
Board of Directors has adopted a new 20% fixed incentive stock
option plan (the "New Plan") to convert and replace
the previous stock option plan and enhance the Corporation's
ability to compensate employees, officers and directors by means
other than cash incentives.
Pursuant to the New Plan, options entitling the purchase of an
aggregate 2,512,255 common shares in the capital of the Corporation
may be granted to directors, officers, employees, and consultants
or management company employees of the Corporation from time to
time.
The New Plan is subject to the approval of the TSX Venture
Exchange ("TSXV") and of the Disinterested
Shareholders of the Corporation (as such term is defined in the
policies of the TSXV), and will be presented for approval at the
Corporation's upcoming annual shareholders' meeting scheduled to be
held on April 7, 2017.
About Manitex Capital Inc.
Manitex Capital Inc. invests in promising emerging companies in
diversified sectors including life sciences, cleantech and
sustainable products/technologies. Manitex provides its portfolio
companies with specialized corporate finance and advisory services
including corporate strategy, mergers and acquisitions, public
markets access and financing. Common shares of the company are
listed on the TSX Venture Exchange, trading symbol MNX.V.
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 news release.
SOURCE Manitex Capital Inc.