FLYHT Announces Issuance of Incentive Stock Options
May 10 2021 - 06:04AM
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 248,355 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 May 6, 2021.
The stock options are exercisable at a price of $0.57 per share.
The options will vest 1/3 on each of May 6, 2022, 2023 and 2024 and
will expire on May 6, 2025. 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 provides airlines with Actionable
Intelligence to transform operational insight into immediate,
quantifiable action, delivering industry leading solutions to
improve aviation safety, efficiency, and profitability. This unique
capability is driven by FLYHT’s patented aircraft certified
hardware products including AFIRS™, a satcom aircraft interface
device which enables real-time streaming of flight information,
cockpit voice and black box data streaming and TAMDAR™, 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, view our latest presentation here, or
visit www.flyht.com
Contact Information:
FLYHT
Aerospace Solutions Ltd. |
FNK IR
LLC |
Alana Forbes |
Matt Chesler, CFA |
Chief Financial Officer |
Investor Relations |
403.291.7437 |
646.809.2183 |
aforbes@flyht.com |
flyht@fnkir.com |
investors@flyht.com |
|
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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.
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