TSXV: MKT OTC: MKTDF FRA: DEP
The purposes of the Incentive Plan will be to: (i) provide the Company with a mechanism to attract, retain and motivate highly qualified directors, officers, employees and consultants; (ii) align the interests of eligible participants of the Incentive Plan with that of other shareholders of the Company generally; and (iii) enable and encourage participants to participate in the long-term growth of the Company through the acquisition of RSUs and Common Shares as long-term investments.
While the Incentive Plan has been adopted by the board of directors of the Company, it remains subject to ratification by shareholders of the Company and approval of the Exchange. In accordance with the policies of the Exchange, the Company is required to obtain disinterested shareholder approval for the implementation of the Incentive Plan, as well as any grants completed under the Incentive Plan prior to such approval being obtained. These approvals will be sought at the upcoming meeting of shareholders of the Company. Any shareholders who are entitled to receive RSUs in accordance with the Incentive Plan will be excluded from voting on any resolution to ratify the implementation of the Incentive Plan and any resolution ratifying the RSU grant to the interested shareholder. No RSUs will vest, and no common shares of the Company will be issued in connection with any outstanding RSUs, until such time as the Incentive Plan has received approval of disinterested shareholders and the
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
Neither the
Statements in this news release may contain forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements, including statements relating to obtaining shareholder ratification for the Incentive Plan and RSU grants, Exchange approval in connection therewith, and the respective timing thereof. The reader is cautioned that assumptions used in the preparation of any forward- looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit. Additional information regarding risks and uncertainties of the Company's business are contained under the heading "Business Risks and Uncertainties" in the Company's MD&A in respect of the period ended
The forward-looking statements contained in this news release are made as of the date of this news release and
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