HIRE Technologies Announces Grant of Equity Incentives Pursuant to Long-Term Incentive Plan
TORONTO, ON / ACCESSWIRE / June 28, 2022 – HIRE Technologies Inc. (TSXV:HIRE.V)(OTCQB:HIRRF) (“HIRE” or the “Company“), a company focused on modernizing and digitizing human resources solutions, announces that the Company’s Board of Directors has approved the issuance of 2,705,000 stock options, 287,778 RSUs, and 1,350,000 DSUs pursuant to its long-term incentive plan, which includes 2,675,000 stock options, 287,778 RSUs, and 1,350,000 DSUs granted to officers and directors of the Company.
The options are exercisable up to five years from the date of grant at an exercise price of $0.09 per share. Of the options granted, (i) 2,450,000 will vest immediately upon grant, (ii) 225,000 will vest in equal installments on the 1st, 2nd, and 3rd anniversary of the date of grant, and (iii) 30,000 will vest six months from the date of grant. All of the DSUs and RSUs granted will vest 12 months from the date of grant.
These grants form part of a total remuneration package for directors, officers, and other eligible personnel of HIRE.
About HIRE Technologies Inc.
HIRE is a growing capital allocator that is rapidly establishing itself as a market leader in workforce management and staffing. HIRE’s mission is to create a world-class portfolio of brands that will define the future of human resources through synergies, scale, and reach. The Company has extensive experience in building and growing staffing and executive search companies and is supported by a large recurring revenue base and a highly scalable shared services platform. This structure enables HIRE to create value for partners and shareholders. For more information, visit hire.company.
Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of HIRE and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions. Statements set out in this news release relating to HIRE’s expectations as to future growth and results are all forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are referred to the risk factors associated with the business of the Company set out in the Company’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.