Mr. Graeme Lempriere reports
CORPORATE UPDATE
Clean Seed Capital Group Ltd.'s board of directors has approved the grant of three million restricted share units
(RSUs) to the company's chief operating officer, Jeet Jheetey,
pursuant to the company's equity incentive compensation plan.
Each RSU entitles the holder to receive one common share of the company upon vesting, subject to the terms of the plan. The RSUs will vest one year from the date of grant.
This RSU grant is the primary component of Mr. Jheetey's long-term compensation package. Clean Seed's management, including Mr. Jheetey, has deferred short-term compensation while the company focused its financial resources on advancing key strategic initiatives. This RSU award to Mr. Jheetey reflects the board's commitment to aligning executive compensation with the long-term interests of shareholders while supporting the retention of key leadership.
Since joining Clean Seed, Mr. Jheetey has played a significant role in advancing the company's commercialization strategy, including helping secure the strategic partnership with Mahindra & Mahindra Ltd., a milestone achievement for the company and an important step in its global growth strategy.
About Clean Seed Capital Group Ltd.
Clean Seed is an agricultural technology company commercializing its award-winning, internationally patented, SMART Seeder technologies. Designed for real-world conditions these tools can significantly reduce fertilizer usage while supporting higher crop performance and overall farm profitability.
At the heart of Clean Seed's offering is the SMART Seeder system -- a breakthrough in precision seeding that combines advanced electronic metering with intuitive software control. Its ability to row-by-row variable rate agricultural inputs facilitates sustainable farming.
Clean Seed is partnered with Mahindra & Mahindra, one of the world's largest farm equipment manufacturer's, supporting the company's global commercialization strategy and path to large-scale market adoption.
The common shares of Clean Seed trade on the TSX Venture Exchange under the symbol CSX.
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