FLYHT Announces Issuance of Incentive Stock Options
June 25 2020 - 7:05AM
FLYHT Aerospace Solutions Ltd. (TSX-V: FLY)
(OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce it
has granted incentive stock options for an aggregate 755,300 common
shares, subject to regulatory approval, to employees, officers and
directors under the stock option plan approved at the Annual and
Special Meeting held on June 23, 2020.
The stock options are exercisable at a price of
$0.59 per share. The options will vest 1/3 on each of June 23,
2021, 2022 and 2023 and will expire on June 23, 2024. A maximum of
10% of the issued and outstanding shares are reserved under the
Company’s stock option plan. The options, and any common
shares issued upon exercise of the stock options, are subject to a
four-month resale restriction.
About FLYHT Aerospace Solutions
Ltd. FLYHT improves aviation safety, efficiency and
profitability by providing airlines, leasing companies, owners,
operators and original equipment manufacturers with real-time
insights into how their aircraft are performing. The Company’s
products include AFIRS™ (Automated Flight Information Reporting
System), a satellite communications (Satcom) aircraft interface
device (AID) which enables real-time streaming of flight
information, aircraft tracking and health monitoring, fuel
management, and black box data streaming, as well as TAMDAR™
(Tropospheric Airborne Meteorological Data Reporting), which
aggregates and streams airborne weather data in real-time. FLYHT is
headquartered in Calgary, Canada with an office in Littleton,
Colorado and is an AS9100 Quality registered company. For more
information, visit www.flyht.com
Contact Information: |
FLYHT Aerospace Solutions
Ltd. Alana ForbesChief Financial Officer
403-291-7437aforbes@flyht.com investors@flyht.com |
|
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accuracy of this release.
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