TORONTO, April 24, 2017 /CNW/ - BrightPath Early Learning Inc. ("BrightPath" or the "Company") (TSX-V: BPE), the leading Canadian provider of high-quality, comprehensive early childhood education and care, announced today the issuance of Stock Options ("Options") and Deferred Share Units ("DSU") to its executive management.
The board of directors has approved the issuance of 50,000 Options to each of Mary Ann Curran, Chief Executive Officer and Dale Kearns, President and Chief Financial Officer and 30,000 Options to Liz Nadeau, Chief Operating Officer of BrightPath. The Options are exercisable at $0.58 per share for a period of five years and will vest in equal parts over three years beginning one year from the date of grant.
Also, in connection with incentive compensation arrangements for management performance for the 2016 fiscal year, DSUs of 215,624 for Mary Ann Curran, 187,500 for Dale Kearns and 125,000 for Liz Nadeau were awarded.
The Options are subject to the terms of the Company's Stock Option Plan and DSUs subject to the Company's DSU plan as set out in its most recent Information Circular.
ABOUT BRIGHTPATH EARLY LEARNING INC.
BrightPath Early Learning Inc. is a Canadian leader in child care and early education with 76 locations in major markets across the country comprising 8,580 licensed spaces. Meeting the highest standards in curriculum, nutrition, technology and recreational programming, BrightPath is committed to providing families with the very best child development and care Canada has to offer.
For more information, visit www.BrightPathKids.com/corporate or contact Dale Kearns, President & Chief Financial Officer of BrightPath Early Learning Inc. at (403) 705-0362 ext. 406.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE BrightPath Early Learning Inc.
For further information: Dale Kearns, President & CFO, BrightPath Early Learning Inc., Office: (403) 705-0362 ext. 406, Toll Free: (888) 808-2252, http://www.brightpathkids.com; Joe Racanelli, Investor Relations, NATIONAL Equicom, (416) 586-1943, [email protected]