Amendment of Stock Option Plan and Grant of New Options

MONTREAL, Jan. 25, 2017 /CNW Telbec/ - The Board of directors of SPORTSCENE GROUP INC. ("Sportscene" or "the Company"; SPS.A / TSX Venture Exchange) today approved an amendment to Sportscene's stock option plan for Class A shares (the "Plan"), rising the number of shares reserved for stock options to 416,489. In addition, the Board approved the grant of 207,000 Class A stock options to officers and directors at an exercise price of $5.50 per share, according to the terms and conditions of the Plan. These options will vest at 100% after four (4) years and will expire if they are not exercised at the latest on the 7th anniversary of the grant.

Profile

Sportscene Group is a pioneer and a leader in the ambience restaurant niche in Quebec, where it has operated a chain of sports-themed resto-bars since 1984: La Cage – Brasserie sportive ("La Cage"). Enjoying a strong brand image, La Cage comprises 46 units located across Quebec at the date hereof. The Cages offer complete foodservices and bar services in a sophisticated sports-inspired décor featuring the most advanced audio-visual technologies.

 

SOURCE Sportscene Group Inc.

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For further information: Contacts: Jean Bédard, Chairman of the Board, President and Chief Executive Officer; Josée Pépin, Vice-President, Finance, 450-641-3011

RELATED LINKS
http://www.cage.ca

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