H2O Innovation Grants Stock Options to Executive Officers

H2O Innovation has granted 1,056,000 stock options to senior management, with a five-year vesting period.

Rhea-AI Summary

H2O Innovation has granted 1,056,000 stock options to senior management, with a five-year vesting period. These options allow holders to acquire shares at $2.55 before May 17, 2031. Currently, the company has 3,359,334 options outstanding from a maximum of 4,000,000. This strategy aims to attract and retain talent while promoting long-term growth and shareholder value.

The company operates in water technologies, specialty products, and offers operational services, focusing on innovative solutions in the water treatment sector.

Positive

• The grant of stock options aims to attract and retain senior management, enhancing talent within the company.
• Stock options encourage management to focus on long-term shareholder value.
• The current issuance of stock options is part of a plan to manage up to 4,000,000 options, fostering growth.

Negative

• None.

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QUEBEC CITY, May 17, 2021 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H₂O Innovation Inc. (“H₂O Innovation” or the “Corporation”) announces the grant of a total of 1,056,000 stock options to the members of its senior management, with a vesting period of five years, the whole pursuant to the terms and conditions of the Corporation’s stock option plan.

The stock options entitle their holders to acquire one common share of the Corporation at a price of $2.55 before May 17, 2031. The grant of stock options is a method of compensation which is used to attract and retain personnel and to provide an incentive to participate in the long-term development of the Corporation and the growth of shareholder value. As of today, the maximum number of common shares that may be issued pursuant to options granted under the Corporation’s stock option plan is 4,000,000 common shares, from which 3,359,334 stock options are currently issued and outstanding, including those referred to in this press release.

About H₂O Innovation 
Innovation is in our name, and it is what drives the organization. H₂O Innovation is a complete water solutions company focused on providing best-in-class technologies and services to its customers. The Corporation’s activities rely on three pillars: i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers, ii) Specialty Products (SP) is a set of businesses that manufacture and supply a complete line of specialty chemicals, consumables and engineered products for the global water treatment industry, and iii) Operation & Maintenance (O&M) provides contract operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts responsibility for the adequacy or accuracy of this release.

Source:
H₂O Innovation Inc.
www.h2oinnovation.com

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the details of the stock options granted by H2O Innovation on May 17, 2021?

On May 17, 2021, H2O Innovation granted 1,056,000 stock options to senior management with a five-year vesting period, allowing shares to be acquired at $2.55 each before May 17, 2031.

How many stock options are currently outstanding for H2O Innovation?

As of now, H2O Innovation has 3,359,334 stock options outstanding from a maximum of 4,000,000.

What is the purpose of granting stock options to H2O Innovation's management?

The grant of stock options is designed to attract and retain personnel while incentivizing management to focus on long-term growth and shareholder value.