OTTAWA, ON, Oct. 6, 2020 /CNW/ - Intouch Insight Ltd.
("Intouch" or the "Company") (TSXV: INX) (OTCQB: INXSF)
today announced that the Company's board of directors has approved
the grant of 1,126,088 restricted share units ("RSU"), of which
431,785 were granted to directors and officers of the Company. The
board granted the units on October
5th, when the underlying share price was
$0.48, they vest on October 4th, 2021.
"The granting of the RSU pool today is in line with the plan
approved by shareholders earlier this year and is designed to
achieve several objectives. First, to compensate the
individuals who contributed financially to Intouch, ensuring that
we remain strong through the global pandemic. Only
individuals who have contributed financially are receiving RSUs,
and individuals receive them proportionately to what they have
contributed compared to others who are sharing the pool.
Second, to reward those contributors for staying committed to the
Company and its success for the next 12 months. Lastly, it
creates a culture of ownership where employees will have equity in
the Company and be truly invested in creating additional
shareholder value, " said Cameron
Watt, President and CEO.
I am incredibly proud of our dedicated and hardworking team at
Intouch.. The Company had to undertake many challenging cost
containment activities this year, and we are pleased to be able to
position the Company to emerge stronger than ever while allowing
the entire team to benefit from our collective efforts. We
thank our shareholders for their support in these efforts," said
Watt.
About Intouch Insight
Intouch Insight (TSXV: INX) (OTCQB: INXSF) offers a complete
portfolio of customer experience management (CEM) products and
services that help global brands delight their customers,
strengthen brand reputation and improve financial performance.
Through its flagship SaaS product, LiaCXTM, Intouch
helps clients collect and centralize data from multiple customer
touch points, gives them actionable, real-time insights, and
provides them with the tools to continuously improve customer
experience. Founded in 1992, Intouch is trusted by over 300 of
North America's most-loved brands
for their customer experience management, survey, mystery shopping,
mobile forms, operational and compliance audits, and event
marketing automation solutions. For more information, visit
intouchinsight.com.
Certain statements included in this news release, including
those relating to the Company's proposed
transaction, future revenues and expansion,
contain forward-looking statements, which by their
nature are necessarily subject to risks and uncertainties and other
factors that may cause actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such statements reflect the
Company's current views with respect to
expectations, estimates, future events, and are based on
information currently available to the Company and on hypotheses
which it considers to be reasonable; however, management warns the
reader that hypotheses relative to future events which are beyond
the control of management could prove to be false, given that they
are subject to certain risks and uncertainties. The Company does
not undertake any obligation to update or release any revisions to
these forward-looking statements to reflect events or circumstances
after the date of this presentation or to reflect the occurrence of
unanticipated events, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accept responsibility for the adequacy or accuracy
of this release.
SOURCE Intouch Insight Ltd.