VANCOUVER, BC, July 31, 2020 /CNW/ - WELL Heath Technologies
Corp. (TSX: WELL) (the "Company" or "WELL"), a
company focused on consolidating and modernizing clinical and
digital assets within the primary healthcare sector, is pleased to
announce it has granted an aggregate of 363,845 restricted share
units (each, a "RSU")and 136,923 performance share units
(each, a "PSU") to certain non-insider employees and
consultants of the Company pursuant to the Company's Long-Term
Performance Incentive Plan (the "LTIP"). The Company also
announces it has granted an aggregate of 255,000 stock options
(each, an "Option") to a non-insider employee and
consultants pursuant to its Stock Option Plan, at an exercise price
of $3.25 per common share.
Such price is based on the prior 5-day volume weighted average
price of the Company's stock as quoted on the Toronto Stock
Exchange. Each Option granted to the optionee is exercisable for a
period of 5 years. Each RSU/PSU/Option represents the right
to receive, once vested and/or performance criteria are met, one
common share in the capital of the Company.
On Behalf of the Board of Directors
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed
Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL
WELL is an omni-channel digital health company that operates
Primary Healthcare Facilities, is the third largest digital
Electronic Medical Records (EMR) supplier in Canada and is a national provider of
telehealth services. WELL owns and operates 20 medical
clinics, provides digital EMR software and services to over 1,900
medical clinics across Canada and
is a majority owner of SleepWorks Medical. WELL's overarching
objective is to empower doctors to provide the best and most
advanced care possible while leveraging the latest trends in
digital health. WELL is an acquisitive company that has
completed eleven acquisitions and three equity investments.
WELL is publicly traded on the Toronto Stock Exchange under the
symbol "WELL". WELL was recognized as a TSX Venture 50
Company three years in a row in 2018, 2019 and 2020. To
access the Company's telehealth service, visit:
virtualclinics.ca and for corporate information,
visit: www.WELL.company.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE WELL Health Technologies Corp.