VANCOUVER, BC--(Marketwired - September 14, 2015) - EnWave Corporation (TSX VENTURE: ENW)(FRANKFURT: E4U) ("EnWave", or the "Company") announced today that pursuant to the Restricted Share Plan ("Restricted Share Plan") adopted in April 2015 by the Company, 15,000 Restricted Share Rights ("Restricted Share Rights") were awarded to Mr. Daniel Henriques, EnWave's new Chief Financial Officer, on September 11, 2015. These Restricted Share Rights will not vest until three years from the date of award.
Additionally, effective on September 11, 2015 (the "Option Grant Date"), 10,000 incentive stock options were granted entitling Mr. Henriques to purchase 10,000 common shares of the Company at an exercise price of $1.00 per share, the last closing price per share of the Company's common shares on the TSX Venture Exchange ("TSXV") on the Option Grant Date (the "Exercise Price") and exercisable for a term of five years expiring on September 11, 2020 (the "Options"). The Options will vest immediately, or as otherwise required by the TSXV. |