Itafos Announces Restricted Share Unit Grants

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (“Itafos” or the “Company”) announced today that the Company has granted, in the aggregate, 1,005,987 restricted share units (“RSUs”) to directors and officers of the Company effective as of March 26, 2024. The RSUs vest on a one-third per annum basis for a three-year period. Certain grants are also subject to the fulfilment of additional conditions. Each vested RSU entitles the holder to receive one share of the Company or a cash payment equal to the equivalent of one share. All grants of RSUs are subject to the Company’s restricted share unit plan. The grants were made as part of Itafos’ annual compensation process and are intended to appropriately reward past and ongoing contributions and to incentivize contributions to Itafos’ success in the future.

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