Business News • MarketWire • Clairvest Group Inc. Announces Non-Voting Share Option Plan |
Clairvest Group Inc. Announces Non-Voting Share Option Plan |
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Clairvest Group Inc. Announces Non-Voting Share Option Plan
TORONTO, ON--(Marketwired - June 14, 2016) - Clairvest Group Inc. (TSX: CVG) today announced that its board of directors has authorized the creation of a series of non-voting shares and the adoption of a new non-voting share option plan for officers and employees. The new option plan is intended to replace the cash based book value appreciation rights plan for most Clairvest officers. Under the new option plan, holders of vested options may in lieu of exercising the options for non-voting shares surrender the options for a cash payment.
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