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FLYHT Aerospace Solutions Ltd. on Sept. 6 announced it has granted incentive stock options to acquire up to 100,000 common shares, subject to regulatory approval, to a recently hired senior aviation professional for their customer delivery and product development department. His input will continue to strengthen FLYHT’s growth strategy. These options are granted under the stock option plan approved at the Annual and Special Meeting of shareholders on May 7, 2013.
“FLYHT’s stock option plan is an important vehicle that we utilize to attract and incent key employees who join us during this exciting and important period in our growth” stated Bill Tempany, President and CEO of FLYHT.
The stock options are exercisable at an exercise price of $0.25 per share reflecting the price of other recent stock option grants to employees, directors, consultants and officers. They also feature immediate vesting and expire December 31, 2016. 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.
