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Decibel Announces Results of its Annual and Special Meeting of Shareholders, Including Approval of New Stock Option Plan
Decibel Announces Results of its Annual and Special Meeting of Shareholders, Including Approval o...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\n\n Decibel Announces Results of its Annual and Special Meeting of Shareholders, Including Approval of New Stock Option Plan\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Dec. 10, 2024\n \n\n /CNW/ - Decibel Cannabis Company Inc. (the \"\n \n Company\n \n \" or \"\n \n Decibel\n \n \") (TSXV: DB) (OTCQB: DBCCF), a market leader in premium cannabis and extract manufactured products, is pleased to announce the results of its annual and special meeting of shareholders held on\n \n December 10, 2024\n \n (the \"\n \n Meeting\n \n \"). At the Meeting, Decibel's shareholders approved all matters submitted by the Company for consideration as set forth in the Company's notice of annual and special meeting of shareholders and accompanying management information circular and proxy statement dated\n \n November 6, 2024\n \n (the \"\n \n Circular\n \n \").\n \n\n\n\n\n\n\n\n\n\n\n New Stock Option Plan\n \n\n\n\n At the Meeting, the shareholders approved the adoption of a new 10% rolling stock option plan (the \"\n \n New\n \n\n Plan\n \n \"), as described in the Circular, which includes, among other things, the ability for net and cashless exercise of options, which replaces the Company's previous stock option plan (the \"\n \n 2018 Option Plan\n \n \") and is aligned with TSX Venture Exchange Policy 4.4 –\n \n Security Based Compensation\n \n . The New Plan limits the total number of common shares of the Company that may be issued on exercise of stock options outstanding at any time to 10% of the number of common shares issued and outstanding. All outstanding stock options under the 2018 Option Plan will remain outstanding and in full force and effect in accordance with their terms. However, no additional grants will be made pursuant to the 2018 Option Plan and the 2018 Option Plan will terminate on the date upon which no stock options remain outstanding pursuant to its terms. All future grants of stock options will be subject to the rules and restrictions of the New Plan. The New Plan was conditionally...