Skip to main content

Jamieson Wellness Inc. Announces Amendments to Long-Term Incentive Plan and Employee Share Purchase Plan

Written by Customer Service on . Posted in Public Companies.

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company”) (TSX:JWEL) today announced that its Board of Directors (the “Board”) has approved certain amendments to the Company’s long-term incentive plan (the “LTIP”) and employee share purchase plan (the “ESPP”, and together with the LTIP, the “Plans”), having considered suggestions from Institutional Shareholder Services to make certain changes to the Plans that are consistent with the Company’s current policies and historical practices.
The LTIP amendments (i) confirm the limit on the value of annual grants of awards issuable to each non-employee member of the Board under the LTIP and any other share-based compensation arrangement adopted by the Company; (ii) restrict the ability of the Company to make certain amendments to the LTIP or the terms of any awards or award agreements thereunder without shareholder approval; and (iii) require that in exercising its discretion to redeem any performance share unit upon a Change in Control (as defined in the LTIP), the Board consider, among other factors, the level of achievement towards the performance goals applicable to such performance share unit prior to the Change in Control. The amendments to the ESPP restrict the Company’s ability to alter the allowable purchase price discount under the ESPP without shareholder approval.An amended and restated LTIP and an amended and restated ESPP have been filed under the Company’s profile on SEDAR at www.sedar.com.About Jamieson Wellness  Jamieson Wellness is dedicated to improving the world’s health and wellness with its portfolio of innovative natural health brands. Established in 1922, Jamieson is the Company’s heritage brand and Canada’s #1 consumer health brand. Jamieson Wellness manufactures and markets sports nutrition products and specialty supplements under its Progressive, Precision and Iron Vegan brands. The Company also markets Smart Solutions by Lorna Vanderhaeghe, the #1 women’s natural health focused brand in Canada. For more information please visit jamiesonwellness.com.Jamieson Wellness’ head office is located at 1 Adelaide Street East Suite 2200, Toronto, Ontario, Canada.Contact Information:
Jamieson Wellness
Ruth Winker
416-960-0052
rwinker@jamiesonlabs.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.