NowVertical Group Announces Grant of Stock Options

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

NowVertical Group Announces Grant of Stock Options

Canada NewsWire

TORONTO, Sept. 13, 2021 /CNW/ - NowVertical Group Inc. (TSXV: NOW) ("NOW" or the "Company"), a global big data software and services company, today announced that it has granted to employees and directors of the Company a total of 795,000 options ("Options") to acquire Class A subordinate voting shares of the Company. An aggregate of 300,000 Options were granted to the independent directors of the Company, with an exercise price of $1.00, vesting 1/12 each month over a one-year term. An aggregate of 495,000 options were granted to the Chief Financial Officer of the Company and certain other members of the senior management team, including the Company's Chief Analytics Officer, Director of Accounting and Financial Reporting, VP of M&A and Financial Operations, EVP Strategy and Operations, VP of Marketing, Head of Products, Chief Revenue Officer and UK Sales Support, with an exercise price of $1.00, and vesting over a four-year term, 25% of which will vest on the first anniversary of the grant date and the remainder will vest in equal proportions every month thereafter. The Options were granted in accordance with the terms of the Company's omnibus incentive plan.

About NowVertical Group Inc.

NOW is a global big data software and services company that helps businesses win in the digital economy by helping its clients better understand, manage and utilize their data. NOW is focusing on scaling its current efforts in the global automotive, government, and energy & renewables verticals, and is pursuing an acquisition strategy focused on profitable and accretive data analytics software and services companies in other under-utilized data rich industries. NOW is positioned to be an invaluable tool for executives and bureaucrats to make data informed decisions affecting billions of people globally. For more information about the Company, visit www.nowvertical.com.

Neither the TSX Venture Exchange 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 release.

SOURCE NowVertical Group Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/13/c3941.html

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).