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Intouch Insight Ltd. grants restricted shares units
Intouch Insight Ltd. grants restricted shares units Canada NewsWire OTTAWA,...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"Intouch-RsrtctdShares\n \n \n \n Intouch Insight Ltd. grants restricted shares units\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 OTTAWA, ON, Oct. 6, 2020\n \n \n \n \n \n OTTAWA, ON\n \n ,\n \n Oct. 6, 2020\n \n /CNW/ - Intouch Insight Ltd. (\"Intouch\" or the \"Company\") (TSXV: INX) (OTCQB: INXSF) today announced that the Company's board of directors has approved the grant of 1,126,088 restricted share units (\"RSU\"), of which 431,785 were granted to directors and officers of the Company. The board granted the units on\n \n October 5\n \n \n th\n \n , when the underlying share price was\n \n $0.48\n \n , they vest on\n \n October 4\n \n \n th\n \n , 2021.\n \n \n \"The granting of the RSU pool today is in line with the plan approved by shareholders earlier this year and is designed to achieve several objectives.  First, to compensate the individuals who contributed financially to Intouch, ensuring that we remain strong through the global pandemic.  Only individuals who have contributed financially are receiving RSUs, and individuals receive them proportionately to what they have contributed compared to others who are sharing the pool.  Second, to reward those contributors for staying committed to the Company and its success for the next 12 months.  Lastly, it creates a culture of ownership where employees will have equity in the Company and be truly invested in creating additional shareholder value, \"\n \n said\n \n Cameron Watt\n \n , President and CEO\n \n .\n \n \n I am incredibly proud of our dedicated and hardworking team at Intouch..  The Company had to undertake many challenging cost containment activities this year, and we are pleased to be able to position the Company to emerge stronger than ever while allowing the entire team to benefit from our collective efforts.  We thank our shareholders for their support in these efforts,\"\n \n said Watt\n \n .\n \n \n \n About Intouch Insight\n \n \n Intouch Insight (TSXV: INX) (OTCQB: INXSF) offers a complete portfolio of customer e...