An anonymous director reports
POET TECHNOLOGIES GRANTS OPTIONS TO RECENTLY APPOINTED EXECUTIVE AND NEW HIRES
Poet Technologies Inc. has granted options to Rich Zoccolillo, who was recently appointed as senior vice-president of marketing and product management, and other key new hires. The company continues to strengthen and add to the talent of its wholly owned DenseLight subsidiary in Singapore, including both technical and manufacturing expertise, as it prepares for product qualifications and a manufacturing ramp of datacom products.
At a meeting of the board of directors on Sept. 24, 2018, as part of the company's incentive stock option grant program, options were granted to Mr. Zoccolillo to purchase up to an aggregate of 1.75 million common shares of the company. In addition, a total of 890,000 options were granted to the new employees hired over the past few months.
The options are exercisable for 10 years at a price of 38.5 cents (29 U.S. cents), being the closing price of the company's shares on Sept. 21, 2018. The options vest over a period of four years commencing on the first anniversary of the grant and the balance vests quarterly over a further three-year period thereafter. The options were granted subject to provisions of the company's stock option plan and are subject to the TSX Venture Exchange policies and applicable securities laws. For further details on the company's share capital, refer to the company's financial statements and management discussion and analysis for the period ended June 30, 2018, which were filed on SEDAR on Aug. 15, 2018.
About Poet Technologies Inc.
Poet Technologies is a developer and manufacturer of optical light source products for the sensing and data communications markets. Integration of optics and electronics is fundamental to increasing functional scaling and lowering the cost of current photonic solutions.
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