TORONTO, Oct. 20,
2023 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO; OTCQX:
SABOF) (the "Company" or "Sabio"), a leading provider of Connected
TV ("CTV")/over-the-top ("OTT") advertising platforms validated by
performance, today announced the grant of 87,500 incentive stock
options ("Options") and 272,000 restricted stock units
("RSU")(together, the "Awards") under the Company's Omnibus Equity
Incentive Plan ("Plan") to certain directors, officers and
employees of the Company to acquire an aggregate of
359,500 common shares in the capital of the Company. The
Options and RSUs were granted effective October 20,
2023 ("Grant Date") and are subject to the terms of the
applicable grant agreements and the requirements of the TSX Venture
Exchange ("TSXV"). A summary of the Awards granted is as
follows:
- An aggregate of 272,000 RSUs were granted to certain
independent directors of the Company. The RSUs vest on the first
anniversary of the Grant Date. A portion of these grants represent
compensation to the directors for their service to the Company in
2023. The Company does not currently pay cash to its independent
directors.
- An aggregate of 2,500 Options were granted to certain officers
of the Company, with the balance of 85,000 Options granted to
employees of the Company. The Options are granted pursuant to the
Plan and grants the holder the right to purchase one Common Share
at a purchase price of $0.40CAD per Common
Share for a period of 10 years from the date of issue. 65,000 of
the Options will vest quarterly over thirty-six months, while the
remaining 22,500 of the Options will vest quarterly over 1
year.
About Sabio Holdings
Sabio Holdings Inc. (TSXV: SBIO)
(OTCQX: SABOF) is one of the fastest-growing CTV/OTT technology and
service providers in the high-growth ad-supported video-on-demand
("AVOD") and FAST channel space. Its cloud-based CTV/OTT
technologies provide publishers with distribution, monetization,
and analytics while delivering ROI validation for brands and
agencies. The Sabio portfolio is comprised of: Sabio — our trusted
and transparent content monetization demand-side platform (DSP);
App Science® — our cutting edge, non-panel based, real-time
measurement and attribution software as a service (SAAS) platform;
and Vidillion — our cloud-based ad-insertion, and content
distribution and management platform. For more information, visit:
sabioholding.com
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Media Contacts
Sajid Premji, Chief Financial
Officer
investor@sabio.inc
1-844-974-2662
Sam Wang, Investor Relations
investor@sabio.inc
Hollis Guerra, Daddi Brand
Communications
hguerra@daddibrand.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sabio-holdings-announces-award-grant-301963684.html
SOURCE Sabio Holdings Inc.