Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
Message: News - Options grant
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| October 14, 2015 | ||||||||||||||
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POET Technologies Announces Grant of Options
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| TORONTO, ONTARIO and SAN JOSE, CALIFORNIA--(Marketwired - Oct. 14, 2015) - POET Technologies Inc. (the "Company") (OTCQX:POETF)(TSX VENTURE:PTK) developer of monolithically integrated opto-electronics fabrication processes (the "POET technology"), today announced the granting of additional incentive stock options under the Company's stock option plan, to certain directors, officers and employees of the Company to purchase up to an aggregate of 300,000 common shares, representing 0.16% of the outstanding shares of the Company. Of these options, 8.3% was granted to an employee, 8.3% to an Officer of the Company and 83.3% to a non-officer director. 250,000 of these options are exercisable at $1.54 per share and expire on June 12, 2020 and 50,000 are exercisable at $1.08 per share and expire on August 13, 2020. The options vest in stages over a period starting on December 12, 2015 and ending on August 13, 2017. The options were granted subject to provisions of the Company's stock option plan which was approved by shareholders on June 12, 2015 and are subject to the TSX Venture Exchange policies and applicable securities laws. There are currently 194,129,015 shares issued and outstanding, 28,298,000 stock options outstanding and 8,770,732 warrants outstanding. For further details on the Company's share capital, refer to the Company's Financial Statements and the MD&A for the 6-months ended June 30, 2015 which are filed on SEDAR atwww.sedar.com. About POET Technologies Inc. The Company is a leading developer of opto-electronics fabrication processes. The Company's opto-electronics fab process platform enables improvements in energy efficiency, component cost and size in the production of smart optical components, the engines driving applications ranging from data centers to consumer products. The Silicon Valley-based Company's patented module-on-a-chip POET process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to be the next industry standard for smart optical components fabrication. More information may be obtained at www.poet-technologies.com. ON BEHALF OF THE BOARD OF DIRECTORS Michel Lafrance, Secretary |
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