VANCOUVER, BC, Dec. 10, 2021 /PRNewswire/ -- GreenPower Motor
Company Inc. (Nasdaq: GP) (TSXV: GPV) (the "Company") announces
that the Company has granted an aggregate of 350,000 incentive
stock options to the Directors and Officers of the Company, 278,000
stock options to employees of the Company and 65,000 stock
options to consultants. The stock options are subject to the
approval of the TSX Venture Exchange and are exercisable for a
period of five years at a price of CDN $16.45 per share. For the Directors and Officers
of the Company and the consultants the stock options vest as to 25%
four months after the grant date, 25% six months after the grant
date, 25% nine months after the grant date and 25% one year after
the grant date and for the employees the stock options vest as to
25% four months after the grant date, 25% one year after the grant
date, 25% two years after the grant date and 25% three years after
the grant date.
For further information contact:
Fraser Atkinson, Chairman
(604) 220-8048
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of
high-floor and low-floor all-electric medium and heavy-duty
vehicles, including transit buses, school buses, shuttles, cargo
van and a cab and chassis. GreenPower employs a clean-sheet
design to manufacture all-electric vehicles that are purpose built
to be battery powered with zero emissions while integrating global
suppliers for key components. This OEM platform allows GreenPower
to meet the specifications of various operators while providing
standard parts for ease of maintenance and accessibility for
warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. For
further information go to www.greenpowerbus.com
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 release. © 2021 GreenPower Motor Company Inc. All
rights reserved.
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SOURCE GreenPower Motor Company