Liberty Grants Compensation Awards

About this update from Liberty Defense Holdings Ltd.

[{"type":"text","content":"\n \n \n \n Liberty Grants Compensation Awards\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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TSXV: SCAN\n \n OTCQB: LDDFF\n \n \n Frankfurt\n \n : LD2\n \n \n \n VANCOUVER, BC\n \n and\n \n ATLANTA\n \n ,\n \n April 7, 2021\n \n /CNW/ -\n \n Liberty Defense Holdings Ltd.\n \n (\"\n \n Liberty\n \n \" or the \"\n \n Company\n \n \") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading concealed weapons detection company, announces that pursuant to the Company's omnibus long-term incentive plan, the Company granted today a total of 2,195,000 stock options (\"\n \n Options\n \n \") and 1,000,000 restricted share units (\"\n \n RSUs\"\n \n ) to directors, officers, employees, and consultants of the Company.\n \n \n \n \n \n \n \n \n \n \n Bill Frain\n \n , Liberty's CEO, states, \"Liberty is currently in a growth stage and is hiring key employees in all branches of the Company. The purpose of these awards is to help Liberty recruit the best and the brightest to join our team.\"\n \n \n Each Option is exercisable for one common share of the Company at an exercise price of\n \n $0\n \n .50 per share. The Options vest at 25% after six months from the grant date, and 25% every six months thereafter, expiring on\n \n April 7, 2026\n \n . 750,000 RSUs vest at 100% after 36 months from the date of grant, expiring on\n \n April 7, 2026\n \n . 250,000 RSUs vest at 100% after 24 months from the date of grant, expiring on\n \n April 7, 2026\n \n . All Options and RSUs are subject to the terms of the Company's omnibus long-term incentive plan and applicable securities law hold periods.\n \n \n The purpose of the omnibus long-term incentive plan is to promote greater alignment of interests between employees and shareholders, and to support the achievement of the Company's longer-term performance objectives, while providing a long-term retention elemen...

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