The SU Plan, as amended, is subject to shareholder approval which is being sought at the Company's annual general meeting to be held on
As a result of the amendments, the Company's maximum allocations for the SU Plan and the Option Plan will now be an aggregate of 7% of the outstanding common shares of the Company ('Common Shares') from time to time, broken down as follows: SU Plan - 1.5% (reduced from 4%) of the outstanding Common Shares from time to time to settle share units (including restricted share units and performance share units) and deferred share units granted under the SU Plan.
Option Plan - 5.5% (reduced from 10%) of the outstanding Common Shares from time to time for stock options granted under the Option Plan.
The reduced allocations of Common Shares for the SU Plan and the Option Plan are intended to reduce potential dilution to shareholders of the Company and the potential cost of these two stock incentive plans. At the same time, the Company will still, have the ability to, grant performance-based stock incentives that are aligned with evolving governance standards and the Company's transition towards precious metal production.
ABOUT
SilverCrest is a Canadian precious metals exploration and development company headquartered in
Contact:
Web: www.silvercrestmetals.com
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