ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SER

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:SER TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Serenic Grants Stock Options to Officers and Employees and Amends Exercise Price of Stock Options Granted to Employees

06/04/2012 6:43pm

Marketwired Canada


Serenic Corporation (the "Company" or "Serenic") (TSX VENTURE:SER), an
international software developer specializing in integrated financial management
and HCM solutions for Non-Profit organizations, government agencies, and
Microsoft Dynamics NAV users, announced today the grant of stock options and
amendment of the exercise price of stock options granted to employees. 


The Company granted Randy Keith, President and Chief Executive Officer, 300,000
options with a strike price of $0.20 per share. The options will vest one-third
(1/3) annually on the anniversary date of the grant and will expire in five
years if unexercised. This grant is to replace options that expired unexercised
on March 5, 2012. 40,000 options with the same terms have also been granted to
employees. 


As part of the Company's efforts to progress compensation plans which foster
high motivation and retention of employees, the Company amended the strike price
of 1,238,333 stock options currently outstanding to employees, from a weighted
average exercise price of $0.29 to $0.20. These options expire between October
23, 2012 and December 7, 2016, No other terms of these options were amended, and
no Directors, Officers, Agents or other persons who are deemed to be Insiders
were accorded this benefit. 


The Company also authorized a grant of 65,000 stock options to each of Dwayne
Kushniruk, Chairman, Ronald Odynski, Director and David Tam, Secretary, to occur
on April 12, 2012, to replace options that will have expired unexercised. These
options will have an exercise price of $0.20, vest 1/3 annually on the
anniversary date of the grant, expire in five years if unexercised, and comply
with the Company's compensation plan for Directors and Officers, the terms of
the Corporation's stock option plan and the appropriate policies of TSX Venture
Exchange. 


Serenic Corporation publishes mission-critical software products for
not-for-profits (NFP), educational institutions and governments. The Company's
products are based on leading application and technology platforms from
Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed in
North America and internationally through value-added resellers and a direct
sales organization. Serenic Corporation is the exclusive developer of human
resource management and payroll products for Microsoft Dynamics NAV ERP users in
North America. Serenic is a member of Microsoft's President Club and Inner
Circle, the latter being an elite group representing the top 1% of Microsoft
partners world-wide. Serenic has offices in Edmonton, Alberta and Denver,
Colorado and staff located throughout the USA, Europe and Africa.


ON BEHALF OF THE BOARD OF DIRECTORS  

Dwayne Kushniruk, Chairman 

SERENIC CORPORATION  

Forward Looking Statements 

Certain statements contained in this press release, including statements which
may contain words such as "could", "should", "expect", "anticipate", "believe",
"will", and similar expressions and statements relating to matters that are not
historical facts, are forward looking statements. Such forward looking
statements involve known and unknown risks and uncertainties which may cause the
actual results, performances or achievements of Serenic Corporation to be
materially different from any future results, performances or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, software industry risks, general business risks, foreign
currency risks, economic dependence risks, and credit risks.


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart

Your Recent History