Business
GreenPower Announces Results of Annual General and Special Meeting, Appointment of Officers, Stock Option Grants and Appointment of Investor Relations Representative
VANCOUVER, BC, March 28, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the "Company"), a leading manufacturer and distributor
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"VANCOUVER, BC, March 28, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the \"Company\"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the results of the Annual General and Special Meeting (AGM) that was held on March 27, 2024.\n\n \n \n \n \n \n \n\n \nThe shareholders elected all of management's director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Cathy McLay, David Richardson and Brendan Riley.\nThe shareholders also re-approved the Company's 2022 Equity Incentive Plan and appointed BDO Canada LLP as the Company's auditors for the ensuing fiscal year.\nThe 2022 Equity Incentive Plan includes a 10% rolling stock option and 2,499,116 common shares for performance-based awards. Shareholder approval of the Plan must be obtained annually at the Company's annual general meeting. In addition, the Plan must be submitted to the TSX Venture Exchange for review and acceptance on an annual basis.\nFollowing the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year: Fraser Atkinson – Chairman and Chief Executive Officer, Brendan Riley – President and Michael Sieffert – Chief Financial Officer and Corporate Secretary.\nIn addition, after the AGM the Company granted 420,000 incentive stock options to the four Independent Directors and three Officers of the Company, 150,000 incentive stock options to employees of the Company and 35,000 stock options to two consultants. The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of CDN $2.72 per share. Each Director and the CFO were granted 60,000 stock options that vest in increments beginning four months after the grant date, and the stock options will be fully vested one year after the grant date. For the employees and the consultants, the stock options vest in increments beginning four months after the grant date, and the stock options will be fully vested three years after the grant date.\nThe Company also announced that it has entered into an agreement to appoint Redchip Companies, Inc. (\"RC\") as an Investor Relations Representative for GreenPower. The...