On May 8, 2024, Birchtree Investments Ltd. (CSE: BRCH) announced that its shareholders voted in favor of all matters presented at the annual and special meeting, including the adoption of the 2024 Equity Incentive Plan, which enables the Company to issue share-based long-term incentives. Under this Incentive Plan, all directors, officers, employees, and service providers of the Company and its affiliates are eligible to receive various awards, including common share purchase options, stock appreciation rights, restricted share awards, restricted share bonuses, restricted share units, performance shares, performance units, cash-based awards, and other share-based awards. As a result of adopting the Incentive Plan, no future awards or grants will be made under the Company?s current stock option plan, effective since November 12, 2021.
Furthermore, the board has approved the grant of 12,200,000 restricted stock units under the Incentive Plan to the officers and directors, with 50% vesting immediately and the remaining 50% vesting after nine months, to be settled in common shares. For additional details on the matters voted on at the Meeting, including the full Incentive Plan, shareholders are directed to the Company?s management information circular dated April 2, 2024, available on SEDAR+ at www.sedarplus.ca.
