Business
Legend Power(R) Announces Issuance of Equity Incentives
VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Legend Power® Systems Inc. (TSXV:LPS)(OTCQ...
About this update from Legend Power Systems Inc.
[{"type":"text","content":"Legend Power(R) Announces Issuance of Equity IncentivesVANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Legend Power® Systems Inc. (TSXV:LPS)(OTCQB:LPSIF) (\"Legend Power\" or the \"Company\") a global leader in commercial electrical system solutions, has approved, subject to acceptance by the TSX Venture Exchange, the grant of 1,250,000 incentive stock options (the \"Options\") to acquire common shares in the capital of Legend Power (each a \"Common Share\"), 600,000 of which were granted to executive officers. The Options are exercisable until June 13, 2027, at $0.185 per Option, subject to vesting provisions, with one-sixth vesting six months from the date of grant and one-sixth vesting ever six months thereafter. The Options are non-transferable.About Legend Power® Systems Inc.Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.For further information, please contact:Sean Peasgood, Investor Relations+ 1 647 503 [email protected] the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis Press Release may contain statements which constitute \"forward-looking information\", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words \"may\", \"would\", \"could\", \"will\", \"intend\", \"plan\", \"anticipate\", \"believe\", \"estimate\", \"expect\" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such for...