KIRKLAND, QC , March 2, 2017 /CNW Telbec/ - Manitex Capital Inc. ("Manitex" or the "Corporation") announces that the Board of Directors has adopted a new 20% fixed incentive stock option plan (the "New Plan") to convert and replace the previous stock option plan and enhance the Corporation's ability to compensate employees, officers and directors by means other than cash incentives.
Pursuant to the New Plan, options entitling the purchase of an aggregate 2,512,255 common shares in the capital of the Corporation may be granted to directors, officers, employees, and consultants or management company employees of the Corporation from time to time.
The New Plan is subject to the approval of the TSX Venture Exchange ("TSXV") and of the Disinterested Shareholders of the Corporation (as such term is defined in the policies of the TSXV), and will be presented for approval at the Corporation's upcoming annual shareholders' meeting scheduled to be held on April 7, 2017 .
About Manitex Capital Inc.
Manitex Capital Inc. invests in promising emerging companies in diversified sectors including life sciences, cleantech and sustainable products/technologies. Manitex provides its portfolio companies with specialized corporate finance and advisory services including corporate strategy, mergers and acquisitions, public markets access and financing. Common shares of the company are listed on the TSX Venture Exchange, trading symbol MNX.V.
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 news release.
SOURCE Manitex Capital Inc.
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