VANCOUVER, Oct. 29, 2019 /CNW/ - WELL Heath
Technologies Corp. (TSX.V: 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 219,020
restricted share units (each, a "RSU") to certain key
employees and consultants of the Company pursuant to the Company's
Long-Term Performance Incentive Plan (the "LTIP").
Each RSU represents the right to receive, once vested, one
common share in the capital of the Company. The RSUs vest as
follows:
- 70,423 RSUs, 50% of which vest on October 1, 2020 and 50% of which vest on
October 1, 2021;
- 112,675 RSUs, 33% of which vest per year for the first two
years from the date of grant and 34% of which vest on the third
year from the date of grant; and
- 35.922 RSUs, 33% of which vest on July
12, 2020, 33% of which vest on July
12, 2021 and 34% of which vest on July 12, 2022.
The Company also announces it has granted an aggregate of 37,828
performance share units (each, a "PSU") to certain
consultants pursuant to the LTIP. Each PSU represents the
right to receive, once vested and performance criteria are met, one
common share in the capital of the Company. The PSUs vest as
follows:
- 6,138 PSUs, 25% of which vest each quarter from the date of
grant for one year; and
- 31,690 PSUs, 33% of which vest per year for the first two years
from the date of grant and 34% of which vest on the third year from
the date of grant.
The grant of RSUs and PSUs are subject to approval from the TSX
Venture Exchange.
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed
Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL
WELL is a unique company that operates Primary Healthcare
Facilities as well as a significant EMR or Electronic Medical
Records business that supports the digitization of such clinics.
WELL wholly owns nineteen medical clinics, is a majority owner of
one clinic and provides digital Electronic Medical Records (EMR)
software and services to 852 medical clinics across Canada. 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
publicly traded on the TSX Venture Exchange under the symbol
"WELL.v". WELL was recognized as a TSX Venture 50 Company in 2018
and 2019.
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 WELL Health Technologies Corp.
