Mr.
Mischa Zajtmann
reports
EVERGEN INFRASTRUCTURE ANNOUNCES ISSUANCE OF SHARES TO THE COMPANY'S BOARD OF DIRECTORS
Evergen Infrastructure Corp. has granted a total of 38,930 deferred share units (DSUs) and 187,860 stock options to certain members of the board of directors of the company pursuant to the company's equity incentive plan.
The grant of 38,930 DSUs represents remuneration for serving on the board of directors for the annual period ending Dec. 31, 2023, and the grant of 187,860 stock options represents long-term incentive compensation.
Each stock option is exercisable into one common share of the company at an exercise price of $2.44 per share for a period of seven years from the date of the grant and vest annually over a three-year period.
Additionally, Evergen has applied to the TSX Venture Exchange to amend the term of 140,000 performance share units (PSUs) and 92,649 stock options issued to a consultant to the company. The application has been approved and the exchange has confirmed that shareholder approval of the proposed amendments is not required. The company has amended the terms of the PSUs and the options by reducing the expiry date of such PSUs and options from indefinite to Sept. 22, 2026, and from June 23, 2030, to Sept. 22, 2026, respectively. All other terms of the PSUs and options remain the same.
About Evergen Infrastructure Corp.
Evergen, Canada's renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, Evergen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. Evergen is focused on Canada, with continued growth expected across other regions in North America and beyond.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.