Smart Employee Benefits Inc. Announces Grant of Stock Options and RSUs
January 29 2021 - 6:08PM
Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB)
announces that the Board of Directors of the Company has approved
the following grants pursuant to the Company’s Omnibus Long-Term
Incentive Plan (the “Plan”).
The Company has granted stock options to various
senior officers and employees exercisable into an aggregate of
4,067,500 common shares, of which 2,080,000 options were granted to
senior officers. All of the stock options are exercisable at $0.15
per share with a 30 month term, with 20% of the options vesting
immediately and 20% vesting every 6 months thereafter.
The Company has also granted an aggregate of
2,526,980 restricted share units (“RSUs”) to various senior
officers and employees in accordance with the Plan, of which
725,214 RSUs were granted to senior officers. The RSUs vest
immediately. Each vested RSU entitles the holder to acquire one
common share of the Company.
ABOUT SEBSEB is a Business
Process Automation and Outsourcing Technology Company providing
software, solutions and services to a national and global client
base. SEB has a specialty growth focus in cloud enabled SaaS
processing solutions for managing employer and government sponsored
benefit plans on a BPO (Business Processing Outsourcing) business
model, globally. This is a major growth focus, SEB currently serves
corporate and government clients across Canada and internationally.
Over 80% of SEB’s revenues derive from government, insurance and
healthcare organizations. SEB’s technology infrastructure of over
650 multi-certified technical professionals, across Canada and
globally, is a critical competitive advantage in supporting the
implementation and management of SEB’s Benefits Processing
Solutions into client environments. SEB’s Benefits Processing
Solutions can be game changing for SEB clients.
The core expertise of SEB is automating business
processes utilizing SEB proprietary software solutions combined
with solutions of third parties through joint ventures and
partnerships. SEB’s client acquisition model in benefits processing
is “Channel Partnerships” where SEB processing solutions both
improve cost structures and enable new revenue models for Channel
Partners and clients. All SEB solutions are cloud enabled and can
be delivered on a SaaS platform. SEB solutions turn cost centers to
profit centers for our Benefits Processing Channel Partners.
For further information about SEB, please visit
www.seb-inc.com.
Certain information in this release, may
constitute forward-looking information. In some cases, but not
necessarily in all cases, forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “targets”, “expects” or “does not expect”, “is expected”,
“an opportunity exists”, “is positioned”, “estimates”, “intends”,
“assumes”, “anticipates” or “does not anticipate” or “believes”, or
variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “would”, “might”, “will” or “will
be taken”, “occur” or “be achieved”. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances contain forward-looking
information. Statements containing forward-looking information are
not historical facts but instead represent management’s
expectations, estimates and projections regarding future
events.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS RELEASE REPRESENTS THE COMPANY’S CURRENT
EXPECTATIONS AND, ACCORDINGLY, IS SUBJECT TO CHANGE. HOWEVER, THE
COMPANY EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF
NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY
APPLICABLE LAW.
Neither TSX Venture Exchange Inc. nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange Inc.) accepts responsibility
for the adequacy or accuracy of this release.
All figures are in Canadian dollars unless
otherwise stated.
MEDIA AND INVESTOR
CONTACTS:John McKimmPresident/CEO/CIOOffice (888) 939-8885
x 2354Cell (416) 460-2817john.mckimm@seb-inc.com
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