Equity Grants6 Sep 2021 12:26
Toronto, Ontario, Canada, September 6, 2021 - Yooma Wellness Inc. ("Yooma") (CSE: YOOM, AQSE: YOOM), a Toronto-based vertically-integrated global wellness platform that develops and markets a portfolio of wellness brands, today announced that it has awarded options and deferred share units for an aggregate of 7,355,500 common shares of the company to certain directors, officers, employees and consultants under the Long Term Incentive Plan ("LTIP") approved by the shareholders of Yooma on January 25, 2021. The purpose of the grants is to properly incentivize key personnel and align their interests with those of the company.
Together with the 1,711,581 equity incentives previously outstanding, the total number of shares reserved for issuance under the LTIP is now 9,067,081 shares. The grants included 7,310,000 options with exercise prices of $0.90/Share, which will vest in equal monthly (or in the case of 385,000 options, yearly) increments over 3 years and expire 10 years from the date of grant. The grants also included 45,500 deferred share units that are fully vested as of the date of grant. All of the equity incentives, and their underlying shares, are subject to a 4 month hold period in accordance with the policies of the Canadian Securities Exchange and are subject to the terms and conditions of the LTIP.