QYOU Media Announces Share Compensation
15 Enero 2020 - 3:00PM
QYOU Media Inc. (TSXV: QYOU; OTCQB: QYOUF) (“QYOU Media” or the
“Company”) announced today that, in recognition of the fact that
the directors of the Company have not received cash remuneration
for their services as directors since the Company’s shares began
trading on the TSX Venture Exchange following its reverse take-over
transaction on March 31, 2017, the Company intends to issue an
aggregate of 4,315,832 common shares of the Company to its
non-management directors, as compensation for such services. Such
compensation shares will be issued at a deemed issuance price of
$0.10 per share. Pursuant to agreements between the Company and its
non-management directors, such shares will be deemed to have been
earned in equal tranches at the end of each quarter in calendar
2019. In the aggregate, the market value of such shares at the time
when they were earned was $275,134.
Disinterested shareholders of the Company will
be asked to approve the issuance of the compensation shares at the
Company’s upcoming annual general and special shareholder meeting,
which is anticipated to be held in March 2020. The compensation
share issuances are also subject to the approval of the TSX Venture
Exchange.
About QYOU Media
QYOU Media Inc. is a growing global media
company powered by creators and social influencers. We curate,
package and market premium content from leading digital video
creators for multiscreen & multi platform distribution. Founded
and created by industry veterans from Lionsgate, MTV, Disney and
Sony. QYOU Media’s millennial and Gen Z-focused products include
linear television networks, genre-based series, influencer
marketing campaigns, mobile apps, and video-on-demand formats. QYOU
Media content reaches more than 500 million consumers around the
world. Experience our work at www.qyoumedia.com
Contact Information
Zoe Mumba |
Natasha Roberton |
Platform Communications for
QYOU Media |
VP Marketing, QYOU Media |
+44 (0) 207 486 |
+49 152 2254 7680 |
qyou@platformcomms.com |
tash@qyoutv.com |
Jeff Walker,Investor Relations for QYOU Media+1
403 221 0915jeff@howardgroupinc.com
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of applicable
securities laws. Words such as “expects”, “anticipates” and
“intends” or similar expressions are intended to identify
forward-looking statements. The forward-looking statements
contained herein may include, but are not limited to, the approval
of the TSX Venture Exchange and disinterested shareholders of the
Company of the issuances of the compensation shares. These
forward-looking statements are based on QYOU Media’s current
projections and expectations about future events and other factors
management believes are appropriate. Although QYOU Media believes
that the assumptions underlying these forward-looking statements
are reasonable, they may prove to be incorrect, and readers cannot
be assured that future events will be consistent with these
forward-looking statements. Actual results could differ materially
from those projected in the forward-looking statements as a result
of numerous factors, including certain risk factors, many of which
are beyond QYOU Media’s control. Additional risks and uncertainties
regarding QYOU Media are described in its publicly-available
disclosure documents, filed by QYOU Media on SEDAR (www.sedar.com),
except as updated herein. The forward-looking statements contained
in this news release represent QYOU Media’s expectations as of the
date of this news release, or as of the date they are otherwise
stated to be made, and subsequent events may cause these
expectations to change. QYOU Media undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as may be required by law.
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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