MONTREAL, June 14, 2018 /CNW Telbec/ - Today, SPORTSCENE GROUP INC.'s ("Sportscene") (TSXV: SPS.A) Board of Directors approved the amendment to Sportscene's existing stock option plan (the "Plan") to increase to 426 589 the total number of Class A Shares issuable under the Plan. In addition, the Board approved the grant of stock options to an officer of Sportscene allowing him to acquire a total of 165 000 Class A Shares of Sportscene at an exercise price of $8.00 per share, which is higher than the closing price of the Class A Shares of Sportscene on the TSX Venture Exchange on June 13, 2018, the last trading day before the grant. These options have been granted pursuant to the Plan and expire on June 14, 2028.
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 45 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.
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SOURCE Sportscene Group Inc.
For further information: Jean Bédard, Chairman of the Board, President and Chief Executive Officer; François-Xavier Pilon, Vice-President, Finance, 450-641-3011