TORONTO, Nov. 3, 2022
/CNW/ - Pivotree Inc. (TSXV: PVT) ("Pivotree" or the
"Company"), a leading provider of frictionless commerce
solutions, will release third quarter 2022 financial results on
Wednesday, November 23, 2022 before
the market opens. The webinar will be hosted by Bill Di Nardo, CEO, and Mo Ashoor, CFO followed by a question and answer
period.
A live Zoom Video Webinar of the event can be accessed at
8:30 am ET through the following
registration link:
https://pivotree.zoom.us/webinar/register/WN_4_KAlq_4SdK_s8ZDDctEhw
Listeners that prefer to dial in by phone may do so by accessing
the same web link and the dial in details will be provided by email
upon registration. A replay will be available approximately two
hours after the conclusion of the live event.
Incentive Plan Amendment
During its Annual General Meeting, held on June 28, 2022, the Corporation's shareholders
approved the following revisions to the Company's Omnibus Equity
Incentive Plan ("Incentive Plan"), which amendments have also been
approved by the Company's directors and the TSX Venture
Exchange:
- Allowing participants (with the exception of investor relations
service providers) to elect to undertake a "cashless exercise" of
the stock options granted to them, pursuant to which the common
shares otherwise deliverable upon the exercise of an option may be
sold for an amount equal to the exercise price of the option;
- Allowing participants (with the exception of investor relations
service providers) to elect to undertake a "net exercise" procedure
of their then-vested and exercisable options, whereby the
participant will be entitled to receive such number of common
shares (rounded down to the nearest whole number) obtained pursuant
to formula set out in the Incentive Plan; and
- Ancillary amendments and definitional changes required to
accommodate the amendments set out above.
Under the terms of the Incentive Plan, the maximum number of
common shares issuable on exercise or settlement of awards granted
under the Incentive Plan are as follows:
- The number of common shares reserved for issuance pursuant to
options granted under the Incentive Plan may not, in the aggregate,
exceed 10% of the outstanding common shares from time to time;
and
- The number of common shares issuable pursuant to the settlement
of SARs, RSUs, DSUs and PSUs issued under the Incentive Plan may
not exceed 2,362,527 shares in the aggregate.
About Pivotree
Pivotree, a leader in frictionless commerce, designs, builds and
manages digital platforms in Commerce, Data Management, and Supply
Chain for over 250 major retail and branded manufacturers globally.
Pivotree's portfolio of digital solutions, managed and professional
services help provide retailers with true end-to-end solutions to
manage complex digital commerce platforms, along with ongoing
support from strategic planning through platform selection,
deployment, and hosting, to data and supply chain management.
Headquartered in Toronto, Canada
with offices and customers in the Americas, EMEA, and APAC.
Pivotree is widely recognized as a high-growth company and industry
leader. For more information, visit www.pivotree.com.
Neither 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.
SOURCE Pivotree Inc.
