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GreenPower Announces Grant of Stock Options

GreenPower Announces Grant of Stock Options

GreenPower Announces Grant of Stock Options

Vancouver, Canada February 12, 2019 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“Company”) announces that the Company has granted an aggregate of 650,000 incentive stock options including 50,000 incentive stock options to employees and 100,000 incentive stock options to each of the following six Directors and Officers of the Company: Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Phillip Oldridge, David Richardson and Brendan Riley. The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of $0.50. For the employees, the stock options vest as to 25% four months after the grant date, 25% one year after the grant date, 25% two years after the grant date and 25% three years after the grant date and the Directors vest as to 25% four months after the grant date, 25% six months after the grant date, 25% nine months after the grant date and 25% one year after the grant date.

For further information contact:

Fraser Atkinson, Chairman
(604) 220-8048

About GreenPower Motor Company Inc.

GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, and a double decker. GreenPower employs a clean- sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com.

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. All amounts in U.S. dollars.   © 2019 GreenPower Motor Company Inc. All rights reserved.