VANCOUVER, Canada, Dec. 4, 2020 /PRNewswire/ -- GreenPower
Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (the "Company") a
leading manufacturer and distributor of zero emissions electric
powered vehicles serving the cargo and delivery, transit and school
bus markets announces that the Company has granted an
aggregate of 20,000 incentive stock options with 5,000 stock
options to each of its four outside directors: Mark Achtemichuk, Malcolm Clay, Cathy
McLay and David Richardson.
The stock options are subject to the approval of the TSX Venture
Exchange and are exercisable for a period of five years at a price
of US $20 per share. The stock
options vest as to 25% three months after the grant date, 25% six
months after the grant date, 25% nine months after the grant date
and 25% twelve months after the grant date. The Board also approved
annual Directors fees to these four outside directors of U.S.
$25,000 per annum plus U.S.
$5,000 per annum to each chair of a
committee.
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of
high-floor and low-floor vehicles, including transit buses, school
buses, shuttles, a cargo van and a double decker. GreenPower
employs a clean-sheet design to manufacture all-electric buses that
are purpose built to be battery powered with zero emissions.
GreenPower integrates global suppliers for key components, such as
Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for
the axles and Parker for the dash and control systems. This OEM
platform allows GreenPower to meet the specifications of various
operators while providing standard parts for ease of maintenance
and accessibility for warranty requirements. For further
information go to www.greenpowerbus.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. © 2020 GreenPower Motor Company Inc. All
rights reserved.
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SOURCE GreenPower Motor Company