#Canada #Vancouver #stock options #ESE Entertainment #Ryan Vaupshas

ESE Entertainment Grants Stock Options to Ryan Vaupshas

ESE Entertainment Inc., a global technology company specializing in gaming, has recently announced an important move that underscores its commitment to enhancing shareholder engagement. On February 6, 2025, the company declared the granting of 250,000 stock options to Ryan Vaupshas, a member of its board of directors. This initiative comes under the company's equity incentive plan, designed to motivate and reward its leadership while aligning their interests with those of the shareholders.

Details of the Stock Options Grant

The granted options provide Ryan Vaupshas the right to purchase up to 250,000 common shares of ESE Entertainment. Each option is set at an exercise price of $0.07 per common share and can be exercised at any time within three years from the date of the grant. This strategic move not only aims to incentivize the company's leadership but also to attract and retain talent essential for ESE's growth in the competitive gaming industry.

Approval and Related Transactions

Importantly, this Options Grant will require the approval of the TSX Venture Exchange, ensuring regulatory compliance and transparency. Additionally, this transaction is categorized as a related party transaction, a designation defined by the Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions. ESE Entertainment has stated that it is relying on specific exemptions provided in MI 61-101, particularly in regards to valuation and minority shareholder approval requirements, as specified in sections 5.5(b) and 5.7(1)(a).

This approach is significant as it reflects ESE's sensitivity to maintaining fairness and transparency in its corporate governance processes, especially when decisions involve company executives and board directors.

About ESE Entertainment

Founded with a vision to revolutionize the gaming industry, ESE Entertainment Inc. has emerged as a pivotal technology company that supports video game developers, publishers, and brands worldwide. The company is involved in providing cutting-edge technology, infrastructure, and services aimed at fan engagement on an international scale. Beyond its technical capabilities, ESE operates various gaming leagues, esports teams, and multiple ecommerce channels, creating a comprehensive ecosystem for gaming enthusiasts.

The CEO, Konrad Wasiela, expressed the commitment to fostering a robust corporate structure that fuels innovation and growth in the gaming sector. By offering stock options, ESE Entertainment aims to reinforce the commitment of its leadership team, increasing their stake in the company's future success.

The proactive steps taken by ESE are indicative of its long-term strategy to enhance shareholder value, and by engaging its board members through equity, the company is well-positioned to navigate the evolving landscape of the gaming industry while fostering a culture of mutual success with its stakeholders.

In summary, the recent grant of stock options to Ryan Vaupshas highlights ESE Entertainment's ongoing commitment to aligning the interests of its executives with those of its shareholders, thus ensuring a focused approach towards growth and success in the increasingly competitive gaming market.