READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES NEW MANAGEMENT STOCK OPTION PLAN
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that its Board of Directors has approved grants of a total of 8,200,000 incentive common stock options to several directors and top management of the Company.
RHCO’s new stock option plan (the "2021 Option Plan") consists of an aggregate of 8.2 million conditional stock options of the Company. The options have an exercise price of $0.05, vest over the next 12 months and expire on November 10, 2031. Stock options granted under the 2021 Option Plan may be granted for a term not exceeding ten years following the date of grant thereof. As of today, the exercise price $0.05 of the 2021 Option Plan is equal to a 28% discount off the average of the 60 days’ closing prices of RHCO shares from Sep 20 to Dec 10, 2021.
RHCO also announced today that it has stopped its private placement offering through London-based investment firm Aurelia. In June 2021, RHCO signed an exclusive placement agreement with Aurelia which would assist RHCO in the placement of the Company’s private placement shares. The Company will announce soon a new arrangement with another placement agent for future funding initiative.
Richard Klitsie, CEO of RHCO stated, “The Board of Directors in RHCO is please to announce this new stock option plan. The Company has the ambition to promote key members to achieve excellency and ensure that RHCO has a competitive compensation structure in order to recruit and retain experienced and highly qualified senior management.”
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Group, RHCO announcement