Grant of options to certain directors
Manitex also announced today that it had issued a total of 200,000 stock options ("Options") to two independent directors under the Company's incentive stock option plan. All Options expire five years following their date of grant. 100,000 Options vest immediately while 100,000 Options vest 1/3 immediately, 1/3 after one year and 1/3 after two years.
Caution regarding forward-looking statements
This news release may contain certain forward-looking statements regarding Manitex's expectations for future events. Such expectations are based on certain assumptions that are founded on currently available information. If these assumptions prove incorrect, actual results may differ materially from those contemplated by the forward-looking statements contained in this press release. Factors that could cause actual results to differ include, amongst others, uncertainty as to the final result and other risks. Manitex disclaims any intention or obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, other than as required by security laws.
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