PlasCred Circular Innovations Inc. Announces Stock Option Grant

Rhea-AI Summary

PlasCred Circular Innovations, a leader in advanced plastic waste recycling, has announced a stock option grant of 3,650,000 options to its directors, officers, staff, and consultants. The options are priced at $0.05 per common share with a 5-year exercise period. The vesting schedule is structured with one-third vesting immediately, another third after six months, and the final third after 12 months from the grant date.

Positive

• Stock options align management and employee interests with shareholders
• Structured vesting schedule over 12 months promotes long-term retention

Negative

• Option grant represents potential future dilution for existing shareholders
• Low strike price of $0.05 indicates current market challenges

Calgary, Alberta--(Newsfile Corp. - December 18, 2024) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), a transformative leader in the advanced plastic waste recycling sector, is pleased to announce a grant of stock options.

The Company has granted an aggregate of 3,650,000 stock options to its directors, officers, staff and consultants at a price of $0.05 per common share for a period of 5 years from grant, pursuant to its Stock Option Plan. The stock options vest 1/3 immediately, 1/3 in six months, and 1/3 in 12 months from date of grant.

About PlasCred Circular Innovations Inc.
PlasCred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, PlasCred aspires to be among the largest advanced plastic waste recyclers in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and advanced recycling.

PlasCred is also developing strategic partnerships with CN Rail, Palantir Technologies Inc., and Fibreco Export Inc. These collaborations not only provide PlasCred with unparalleled operational intelligence and logistics support across North America and globally for the transportation and handling of plastic waste.

For further information on PlasCred, visit our website at www.PlasCred.com.

ON BEHALF OF THE BOARD

Troy Lupul - President & CEO

Contact Information

For more information please contact:

PlasCred Circular Innovations Inc.
Troy Lupul
+1 587-430-3004 – Email: IR@plascred.com

Forward-Looking Statements

This press release includes forward-looking statements under applicable securities laws. Such statements relate to future activities, results, or developments anticipated by PlasCred Circular Innovations Inc. and are based on reasonable assumptions but involve risks and uncertainties. Forward-looking statements can often be identified by terms such as "expects," "intends," "plans," or similar expressions. Actual results may differ materially due to economic conditions, regulatory changes, and other risks described in the Company's public filings available on SEDAR at www.sedarplus.ca. Readers are cautioned not to place undue reliance on these statements. PlasCred disclaims any obligation to update forward-looking statements except as required by law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234325

FAQ

How many stock options did PlasCred (PLAS) grant in December 2024?

PlasCred granted 3,650,000 stock options to its directors, officers, staff, and consultants.

What is the exercise price of PlasCred's December 2024 stock options?

The stock options were granted at an exercise price of $0.05 per common share.

What is the vesting schedule for PlasCred's 2024 stock option grant?

The options vest in three tranches: 1/3 immediately, 1/3 after six months, and 1/3 after 12 months from the grant date.

How long can PlasCred's December 2024 stock options be exercised?

The stock options have a 5-year exercise period from the date of grant.