SAN FRANCISCO, Sept. 13, 2016 /PRNewswire/ -- Frankly Inc. (TSX VENTURE: TLK) (Frankly), a leading content, engagement and monetization platform for brands and media companies, announces that the Company has granted an aggregate of 962,535 restricted stock units (the "RSUs") to certain executive and non-executive officers and members of its management team pursuant to the Company's Amended and Restated Equity Incentive Plan (the "Equity Incentive Plan"). The Equity Incentive Plan was approved by shareholders at the annual general and special meeting held on June 30th, 2016 and received final approval from the TSX Venture Exchange (the "TSX-V") on August 11th, 2016. Each RSU entitles the holder thereof to receive one common share of the Company and will vest in accordance with the following schedule: (i) 2/3 of the RSUs vest on the 12-month anniversary of the RSU grant date; and (ii) the remaining RSUs will vest on the 18-month anniversary of the RSU grant date, subject to full or partial acceleration upon the occurrence of a change of control or termination of employment.
Frankly (TSX VENTURE: TLK) builds an integrated software platform for brands and media companies to create, distribute, analyze and monetize their content across all of their digital properties on web, mobile and TV. Its customers include NBC, ABC, CBS and FOX affiliates, as well as top fashion brands, professional sports franchises and global organizations. Collectively, Frankly reaches nearly 80 million monthly users in the United States. The company is headquartered in San Francisco with major offices in New York. To learn more, visit www.franklyinc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This release includes forward-looking statements regarding Frankly and its businesses. Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties, including as a result of a definitive agreement in respect of a proposed transaction not being reached or lack of shareholder and/or regulatory approval for the proposed transaction. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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SOURCE Frankly Inc.