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ZUM - ZoomerMedia News Story

C$0.145 0.0  0.0%

Last Trade - 15/04/21

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £22.2m
Enterprise Value £19.0m
Revenue £28.5m
Position in Universe 1274th / 2711

ZoomerMedia Limited Announces Stock Option Grants

Tue 1st December, 2020 10:54pm
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TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- ZoomerMedia Limited (TSXV:ZUM) (the
“Company”), the leader in serving the interests of the 45+ “Zoomer”
market in Canada, today announced stock option grants to its officers,
employees and consultants.

ZoomerMedia’s compensation philosophy is to foster entrepreneurship at all
levels of the organization through, among other things, the granting of stock
options, a significant component of executive compensation. As such the
Company announces it has granted 15,200,000 stock options to various officers,
employees and consultants in accordance with TSX Policy 4.4, the rules of the
TSX Venture Exchange and the Corporation's Stock Option Plan. The options are
exercisable at $0.05 per share, one-third vesting on November 25, 2021,
one-third on November 25, 2022 and one third on November 25, 2023. These
options have a term of five years.
This stock option grant is subject to TSX Venture Exchange approval.

About ZoomerMedia Limited

ZoomerMedia is a multimedia company that serves the 45plus “Zoomer”
demographic through television, radio, magazine, internet and trade shows.
ZoomerMedia’s television properties include; Vision TV, Canada’s only
multi-faith specialty television service; ONE: Get Fit, offering programs on
exercise, meditation, yoga, natural health and living a planet-friendly
lifestyle; JoyTV in Vancouver, Victoria, Surrey and the Fraser Valley, FAITH
TV, a lifestyle television service out of Winnipeg devoted to broadcasting
Christian programming and is available in approximately 6 million Canadian
homes, and TVL Channel 5, a linear television channel guide available to
Rogers households in Ontario and New Brunswick. ZoomerMedia’s radio
properties include CFMZ-FM Toronto – The New Classical 96.3FM, CFMX-FM
Cobourg – The New Classical 103.1FM, CFMO-FM – Collingwood – The New
Classical 102.9FM, Canada’s only commercial classical music radio stations
serving the Greater Toronto Area (GTA), eastern Ontario and Collingwood,
CFZM-AM 740 Toronto and CFZM-FM 96.7FM Toronto – Zoomer Radio, Toronto’s
“Timeless Hits” Station. ZoomerMedia also publishes ZOOMER Magazine, the
largest paid circulation magazine in Canada for the mature market, as well as
On The Bay Magazine, a regional lifestyle magazine published quarterly for the
20 towns and villages of Southern Georgian Bay, Ontario. ZoomerMedia is
Canada’s leading provider of online content targeting the 45plus age group
through many properties, the key one being www.EverythingZoomer.com.
ZoomerMedia has trade show and conference divisions that produce the
ZoomerShows, annual consumer shows directed to the Zoomer demographic and
ideaCity, an annual Canadian conference also known as 'Canada's Premiere
Meeting of the Minds'.

For further information, please contact:

 Terence Chan Chief Financial Officer ZoomerMedia Limited +1 416-607-7704 t.chan@zoomermedia.ca  Leanne Wright Vice President Communications ZoomerMedia Limited +1 416-886-6873 leanne@zoomer.ca  

 

(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb52c560-09f5-4223-9985-771d2ab719d1)



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