{"id":395297,"date":"2020-12-08T08:33:34","date_gmt":"2020-12-08T13:33:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395297"},"modified":"2020-12-08T08:33:34","modified_gmt":"2020-12-08T13:33:34","slug":"cf-energy-announces-the-adoption-of-the-2020-employee-stock-award-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cf-energy-announces-the-adoption-of-the-2020-employee-stock-award-plan\/","title":{"rendered":"CF Energy Announces the Adoption of the 2020 Employee Stock Award Plan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Dec.  08, 2020  (GLOBE NEWSWIRE) &#8212; CF Energy Corp., (TSX-V: CFY) (\u201cCF Energy\u201d or the \u201cCompany\u201d) announced today that the Company has adopted the 2020 Employee Stock Award Plan (the \u201cPlan\u201d) which is intended to encourage share ownership by and the retention of employees of the Company.<\/p>\n<p align=\"justify\">The Plan was previously conditionally approved by the TSXV, subject to receipt of disinterested shareholder approval. Subsequently, at the Company\u2019s annual meeting of shareholders held on October 29, 2020 (the \u201cMeeting\u201d), the Plan received the approval of a majority of the votes cast by the shareholders of the Company (excluding votes attaching to common shares beneficially owned by insiders of the Company).<\/p>\n<p align=\"justify\">Under the terms of the Plan, 6,546,315 common shares will be reserved for issuance. The maximum number of common shares issuable to insiders thereunder within any one-year period, or issuable to insiders at any time, under all of the Company\u2019s security-based compensation arrangements is limited to 10% of the number of then issued and outstanding common shares. The total number of common shares which may be reserved for issuance to any one individual under the Plan within any one-year period will not exceed 5% of the issued and outstanding common shares.<\/p>\n<p align=\"justify\">A copy of the Plan was appended to the Company\u2019s management information circular dated September 25, 2020 in connection with the Meeting, and is available on the Company\u2019s profile on SEDAR at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EPzTR4SxHSTsC9U3re8RMmntCuB45JCoEBfuxZaOJabS-jxItPfTkUEKAEuAT-hqfK8ezWREULTLwWiUTAjlUg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sedar.com<\/a>.<\/p>\n<p align=\"both\">\n        <strong>About CF Energy Corp.<\/strong><br \/>\n        <strong> (Formerly \u201cChangfeng Energy Inc.\u201d)<\/strong>\n      <\/p>\n<p align=\"justify\">CF Energy Corp. is a Canadian public company currently traded on the Toronto Venture Exchange under the stock symbol \u201cCFY\u201d. It is an integrated energy provider and natural gas distribution company (or natural gas utility) in the PRC. CF Energy strives to combine leading clean energy technology with natural gas usage to provide sustainable energy to its customer base in the PRC.<\/p>\n<p align=\"justify\">\n        <strong>Contact Information <\/strong>\n      <\/p>\n<p align=\"justify\">Corporate Investment Relations <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8VQ5vN45-Q1OCU36424IXTZFfsoI9RK1eOZ3Vjmdr1JpS9QAONhVbHHCOgncWmmNJ71yZf6zfD9u1k43a0dTwPJHeqlfKEP8uJL1hxdZ4liMnyUIrzARge7KcoppkYB8IIJi3xLCxf6-CMBnM349EQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Investor.relations@changfengenergy.cn<\/a><\/p>\n<p align=\"justify\">Charles Wang <br \/>Executive Assistant to CEO &amp; Chair of the Board <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8WoLCuelR-7lUOSa8tPIRGAg6cYiDZItUCfDKG75BWtCg8EC72hb1WC8tgdkZcpa-OrXi8fUErD0UP_WAcxmsoecdNbRuJ4Mc6sfEzarIKYZ7FmCqOC-Kcc85mlWs9FO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Zhaoyu.wang@changfengenergy.cn<\/a><\/p>\n<p align=\"justify\">Frederick Wong <br \/>Director of the Board <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lcQmKx_7Gwv9bs58w_Z9kKQAitLnm_th2gKc4DpRyf9apzXtg9G3Kh7aSLwJXfASCa4HTCwpwKyIXhd_pbimJcjjNCswfeuH9LyDr9l8bw5NaPqfCjEKkz2W2Qr_vFJS\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fred.wong@changfengenergy.cn<\/a><\/p>\n<p align=\"justify\">Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODQwOCMzODYxMDI3IzIwOTI4ODk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/3d286f0b-b33f-4217-99a0-3b30026d14fb\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; CF Energy Corp., (TSX-V: CFY) (\u201cCF Energy\u201d or the \u201cCompany\u201d) announced today that the Company has adopted the 2020 Employee Stock Award Plan (the \u201cPlan\u201d) which is intended to encourage share ownership by and the retention of employees of the Company. The Plan was previously conditionally approved by the TSXV, subject to receipt of disinterested shareholder approval. Subsequently, at the Company\u2019s annual meeting of shareholders held on October 29, 2020 (the \u201cMeeting\u201d), the Plan received the approval of a majority of the votes cast by the shareholders of the Company (excluding votes attaching to common shares beneficially owned by insiders of the Company). Under the terms of the Plan, 6,546,315 common shares will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cf-energy-announces-the-adoption-of-the-2020-employee-stock-award-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CF Energy Announces the Adoption of the 2020 Employee Stock Award Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395297","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CF Energy Announces the Adoption of the 2020 Employee Stock Award Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cf-energy-announces-the-adoption-of-the-2020-employee-stock-award-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CF Energy Announces the Adoption of the 2020 Employee Stock Award Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; CF Energy Corp., (TSX-V: CFY) (\u201cCF Energy\u201d or the \u201cCompany\u201d) announced today that the Company has adopted the 2020 Employee Stock Award Plan (the \u201cPlan\u201d) which is intended to encourage share ownership by and the retention of employees of the Company. The Plan was previously conditionally approved by the TSXV, subject to receipt of disinterested shareholder approval. Subsequently, at the Company\u2019s annual meeting of shareholders held on October 29, 2020 (the \u201cMeeting\u201d), the Plan received the approval of a majority of the votes cast by the shareholders of the Company (excluding votes attaching to common shares beneficially owned by insiders of the Company). 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