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Enablence Technologies Inc. Announces Grant of DSUs and Issuance of Shares in Settlement of DSUs
Ottawa, Ontario--(Newsfile Corp. - July 20, 2023) - Enablence Technologies Inc. (TSXV: ENA) (" En...
About this update from Enablence Technologies Inc.
[{"type":"text","content":"Enablence Technologies Inc. Announces Grant of DSUs and Issuance of Shares in Settlement of DSUsOttawa, Ontario--(Newsfile Corp. - July 20, 2023) - Enablence Technologies Inc. (TSXV: ENA) (\"Enablence\" or the \"Company\"), a leading supplier of photonics semiconductors, announces that the Board of Directors of the Company approved the grant of DSUs to certain directors under the Company's Omnibus Equity Incentive Plan. In total, the Company awarded 11,500 DSUs to directors of the Company. The DSUs will vest in accordance with the terms of the Omnibus Equity Incentive Plan.In addition, the Company announces that it has issued 224,400 common shares of the Company in settlement of DSUs previously issued under the Company's Omnibus Equity Incentive Plan to a director who resigned from the Company's Board of Directors, as previously announced on May 17, 2023.About Enablence Technologies Inc.Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, manufactures, and sells optical components, primarily in the form of planar light wave circuits (PLC), on silicon-based chips. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers.For more information, visit: www.enablence.com.For more information contact:T. Paul Rowland, CFOEnablence Technologies Inc.Tel: (613) 656-2850Email: [email protected] Todd Haugen, CEOEnablence Technologies Inc. Tel: (510) 226-8900Email: [email protected] Mahdavi, Capital Markets & Investor RelationsTel: (416) 962-3300Email: [email protected] Note Regarding Forward-Looking InformationThis news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking stat...