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CALGARY, June 4, 2019 /CNW/ - Sylogist Ltd.
(TSXV:SYZ) ("Sylogist" or the "Company"), is pleased to
announce that senior executives have exercised 1,508,900 stock
options, all of which were to expire at the end of June, 2019.
More than $13.7 million
was paid to the Company's treasury upon exercise. As the
Company is in the process of reviewing its equity compensation
plan, as previously announced on May 1,
2019, replacement options or other equity incentives to
executives have yet to be determined.
Subsequent to their exercise of stock options, the senior
executives sold 1.4 million shares in the market, holding the
remainder for investment purposes.
About Sylogist
Sylogist is a technology innovation company that, through
strategic acquisitions, investments and operations management,
provides intellectual property solutions to a wide range of Public
Sector customers. We are an industry-leading publisher
of mission-critical software products that satisfy the unique and
sophisticated functionality requirements of Public Sector entities,
including nonprofit organizations, educational institutions and
government agencies, as well as public compliance driven and funded
businesses. Our Company delivers highly scalable, multi-language,
multi-currency software solutions, which serve the needs of an
international clientele.
The Company's stock is traded on the TSX Venture Exchange under
the symbol SYZ. Information about Sylogist can be found at
http://www.sylogist.com.
- Neither 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-
SOURCE Sylogist Ltd.