Clip Money Inc. Announces RSU and Option Grants
Clip Money Inc. (CLPMF) has announced the issuance of previously disclosed equity awards to executives, employees, and directors. The company granted 965,000 restricted share units (RSUs) and 27,500 options to executives and employees as performance recognition for 2024. Additionally, 450,000 RSUs were granted to directors as compensation.
Director RSUs will vest in 12 months, while executive and employee RSUs vest over three years (one-third annually). The options have a three-year vesting period with an exercise price of CAD$0.19 and expire in 10 years. These awards fall under the company's amended omnibus equity incentive plan, which allows for up to 10,516,419 Common Shares to be issued.
Clip Money Inc. (CLPMF) ha annunciato l'emissione di premi azionari precedentemente comunicati a dirigenti, dipendenti e membri del consiglio di amministrazione. La società ha assegnato 965.000 unità azionarie vincolate (RSU) e 27.500 opzioni a dirigenti e dipendenti come riconoscimento delle performance per il 2024. Inoltre, 450.000 RSU sono state concesse ai membri del consiglio come compenso.
Le RSU dei membri del consiglio maturano in 12 mesi, mentre quelle di dirigenti e dipendenti maturano in tre anni (un terzo all'anno). Le opzioni hanno un periodo di maturazione di tre anni con un prezzo di esercizio di CAD$0,19 e scadono dopo 10 anni. Questi premi rientrano nel piano di incentivi azionari omnibus modificato della società, che consente l'emissione fino a 10.516.419 azioni ordinarie.
Clip Money Inc. (CLPMF) ha anunciado la emisión de premios accionarios previamente divulgados a ejecutivos, empleados y directores. La compañía otorgó 965,000 unidades restringidas de acciones (RSU) y 27,500 opciones a ejecutivos y empleados como reconocimiento por desempeño en 2024. Además, se concedieron 450,000 RSU a los directores como compensación.
Las RSU de los directores se consolidarán en 12 meses, mientras que las de ejecutivos y empleados se consolidan en tres años (un tercio anualmente). Las opciones tienen un período de consolidación de tres años, un precio de ejercicio de CAD$0.19 y vencen en 10 años. Estos premios están bajo el plan de incentivos de capital omnibus enmendado de la compañía, que permite emitir hasta 10,516,419 acciones comunes.
Clip Money Inc. (CLPMF)는 경영진, 직원 및 이사들에게 이전에 공지된 주식 보상 발행을 발표했습니다. 회사는 2024년 성과 인정을 위해 경영진과 직원에게 965,000개의 제한 주식 단위(RSU)와 27,500개의 옵션을 부여했습니다. 또한, 이사들에게는 보상으로 450,000 RSU가 부여되었습니다.
이사 RSU는 12개월 내에 완전히 취득되며, 경영진과 직원 RSU는 3년에 걸쳐 매년 3분의 1씩 취득됩니다. 옵션은 3년의 취득 기간을 가지며, 행사가격은 CAD$0.19, 만료 기간은 10년입니다. 이 보상은 최대 10,516,419 보통주 발행이 가능한 회사의 수정된 통합 주식 인센티브 계획에 포함됩니다.
Clip Money Inc. (CLPMF) a annoncé l'émission de récompenses en actions précédemment divulguées à des cadres, employés et administrateurs. La société a accordé 965 000 unités d'actions restreintes (RSU) et 27 500 options à ses cadres et employés en reconnaissance de leurs performances pour 2024. De plus, 450 000 RSU ont été attribuées aux administrateurs en guise de rémunération.
Les RSU des administrateurs seront acquises en 12 mois, tandis que celles des cadres et employés seront acquises sur trois ans (un tiers par an). Les options ont une période d'acquisition de trois ans avec un prix d'exercice de 0,19 CAD et expirent au bout de 10 ans. Ces récompenses entrent dans le cadre du plan incitatif en actions omnibus modifié de la société, qui permet l'émission de jusqu'à 10 516 419 actions ordinaires.
Clip Money Inc. (CLPMF) hat die Ausgabe zuvor angekündigter Aktienprämien an Führungskräfte, Mitarbeiter und Direktoren bekannt gegeben. Das Unternehmen gewährte 965.000 Restricted Share Units (RSUs) und 27.500 Optionen an Führungskräfte und Mitarbeiter als Leistungsanerkennung für 2024. Zusätzlich wurden 450.000 RSUs an Direktoren als Vergütung vergeben.
Die RSUs der Direktoren werden nach 12 Monaten fällig, während die RSUs der Führungskräfte und Mitarbeiter über drei Jahre (je ein Drittel jährlich) vesten. Die Optionen haben eine drei Jahre lange Vesting-Periode, einen Ausübungspreis von CAD$0,19 und verfallen nach 10 Jahren. Diese Prämien fallen unter den geänderten Omnibus-Aktienanreizplan des Unternehmens, der die Ausgabe von bis zu 10.516.419 Stammaktien erlaubt.
- Performance-based compensation aligns management interests with shareholders
- Structured vesting periods encourage long-term commitment from executives and directors
- Total awards represent less than 14% of available shares under the incentive plan
- Potential dilution of shareholder value through equity issuance
- Exercise price of CAD$0.19 indicates relatively low share price
TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the issuance of the previously announced 965,000 restricted share units (the “RSUs”) and 27,500 options to acquire common shares of the Company (the “Options”, and together with the RSUs, the “Awards”) to certain executives and employees to recognize their performance in 2024. In addition to the Awards announced on May 23, 2025, the Company is pleased to announce the grant of an additional 450,000 RSUs to certain directors of the Company, as compensation for their continuing role as directors.
All of the RSUs awarded to directors will vest 12 months after the date of the grant, and all of the RSUs awarded to executives and employees will vest over a three year period following the date of the grant, with one-third vesting every 12 months. The Options have a three-year vesting period, with an exercise price equal to CAD
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
FAQ
How many RSUs and options did Clip Money (CLPMF) grant in May 2025?
What is the vesting schedule for Clip Money's (CLPMF) 2025 RSU grants?
What is the exercise price and expiration for Clip Money's (CLPMF) 2025 option grants?
How many shares are available under Clip Money's (CLPMF) equity incentive plan?
