Revolve Announces Grant of Deferred Share Units

Source: www.gulfoilandgas.com 4/18/2024, Location: North America

Revolve Renewable Power Corp. (“Revolve” or the “Company”), a North American owner, operator and developer of renewable energy projects, announces the grant of Deferred Share Units (“DSUs”) to the Company’s directors effective April 18, 2024. A total of 335,784 DSUs have been granted under the Company’s Deferred Share Unit Plan adopted on July 6, 2022. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

The DSUs vest one year from the date of grant and have been granted for the third quarter (Q3 2024) at a price of C$0.30 per share. The Company issues DSUs at the end of each quarter in lieu of cash director’s fees.


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