The Board of Directors of Enablence Technologies Inc., a supplier of fiber-to-the-home (FTTH) equipment and multi-services access platform for triple-play residential and business services as well as optical components and subsystems for access, metro, and long-haul markets, has granted options for 300,000 shares to David Toews, chief financial officer of the company.
The options were granted in accordance with the corporation's Amended and Restated Stock Option Plan. The options have an exercise price of $0.445 per share (being the closing price on the TSX Venture Exchange on February 10, 2011). The options will vest at 25% per year on the first four anniversaries of the grant date and expire February 9, 2021.
After this grant, 10,867,180 common shares remain available for issuance under the corporation's Amended and Restated Stock Option Plan.
