News Article
Opel Technologies alters stock option plan
The company will have over 8 million options for future grants under the amended plan
Opel Technologies Inc.'s Board of Directors has amended the company's stock option plan to increase the number of shares reserved for issuance under the Plan from 18,472,000 to 26,475,000.
The reserved number of 26,475,000 represents 20 percent of the issued and outstanding common shares of the company.
The current plan was approved by shareholder on June 21st, 2011. This amendment to the plan is subject to the approval of the TSX Venture Exchange and will be submitted for shareholders approval at the upcoming AGM in June.
There are currently 17,399,000 options outstanding under the plan and 461,000 options available for future grants. With the increase in the reserved number, the company will have 8,003,000 available options for future grants under the amended plan.
With head office in Toronto, Ontario, Canada, and operations in Storrs, CT, the company, through Odis Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory; and through Opel Solar, Inc., provided systems for energy applications.
The reserved number of 26,475,000 represents 20 percent of the issued and outstanding common shares of the company.
The current plan was approved by shareholder on June 21st, 2011. This amendment to the plan is subject to the approval of the TSX Venture Exchange and will be submitted for shareholders approval at the upcoming AGM in June.
There are currently 17,399,000 options outstanding under the plan and 461,000 options available for future grants. With the increase in the reserved number, the company will have 8,003,000 available options for future grants under the amended plan.
With head office in Toronto, Ontario, Canada, and operations in Storrs, CT, the company, through Odis Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory; and through Opel Solar, Inc., provided systems for energy applications.
