Intouch Insight Ltd. Announces Strategic Issuance of Options
By: Lindsay Sykes March 6, 2018
OTTAWA, Canada (March 6, 2018) – Intouch Insight Ltd. (“Intouch”) (TSXV: INX) today announced approval, following a Special Meeting of Shareholders on March 1, 2018, to increase the pool of common shares available for issuance on exercise of options, from 1,920,196 to 3,263,771 (the “Pool”).
The resolution, as presented by the Company, was passed by a majority vote. Directors, Officers and Insiders abstained from voting.
During the Directors meeting held at the end of the Special Meeting of Shareholders, a grant of 350,000 options to purchase common shares, representing 10.7% of the Pool was approved. The options are being granted with an exercise price of $.61 (sixty-one cents) based on the TSXV closing market price of the shares the day before. Of the 350,000 options to purchase common shares granted, 300,000 were granted to key employees across the organization and 50,000 to a 3rd party company as part of a contractual obligation. There were no options to purchase common shares issued to Directors, Officers or Insiders of the Company.
“We would like to thank our shareholders for supporting our strategy and their trust in us to be good stewards of the resources we have available. Talent acquisition in the technology sector is very competitive and we believe that the quality of the team we build will be what sets us apart for success. At Intouch, we have a strong entrepreneurial culture and believe that the team we are growing is second to none in our industry. We are very excited to be in a position to continue to build on this success through our increased ability to, not only retain talent, but be able to attract new high-quality members to the team as well,” said Cameron Watt, President & Chief Executive Officer.
About Intouch Insight
Intouch Insight offers a complete portfolio of customer experience management (CEM) products and solutions that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, and gives them actionable insights to identify, sense and continuously improve customer experience efforts in real-time. Founded in 1992, Intouch is trusted by franchise and multi-location businesses for their customer survey, mystery shopping, mobile forms, operational and compliance audits, and event marketing automation solutions. For more information, visit intouchinsight.com.
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
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.
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