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VANCOUVER, British Columbia, May 8, 2024 (GLOBE NEWSWIRE) — Birchtree Investments Ltd. (““birch” or the “Pursue) (CSE: BRCH), an investment company with the long-term objective of disposing of its assets at a profit, is pleased to announce that its shareholders (the “Shareholders“) voted at the annual and special meeting of shareholders (the “Meet“) for the benefit of all matters presented to shareholders at the meeting.
All annual matters presented to shareholders at the meeting were approved, including the adoption of the Company’s 2024 Stock Incentive Plan (the “Incentive plan“), after which the company can issue equity-based long-term incentives. All directors, officers, employees and service providers of the Company and/or its affiliates are eligible to receive awards under the Incentive Plan, subject to the terms and conditions of the Incentive Plan. The awards include common stock purchase options, stock appreciation rights, restricted share awards, restricted share bonuses, restricted share units, performance shares, performance units, cash-based awards and other stock-based incentive plan awards. Due to the adoption of the Incentive Plan, no future awards or grants will be made under the Company’s current stock option plan, which became effective on November 12, 2021.
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In addition, the Company’s Board of Directors has approved the grant of 12,200,000 Restricted Stock Units under the Incentive Plan to the Company’s officers and directors, with 50% vesting immediately and 50% vesting after nine months, settled in shares of common stock.
For further information regarding the matters voted on at the Meeting, including a copy of the Incentive Plan, please see Management’s Information Circular dated April 2, 2024, which is filed under the Company’s profile on SEDAR+ at www.sedarplus. approx.
About Birchtree
Birchtree is an investment company with the long-term goal of selling its assets profitably. For further information, please see Birchtree’s ongoing disclosure documents, which are available on the Company’s SEDAR+ profile at www.sedarplus.ca.
For more information, please contact:
Vitaly Savitsky
Managing Director
Birchtree Investments Ltd.
Phone: (416) 300-0625
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy of the accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
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