easyhome Ltd.

easyhome Ltd.

April 30, 2009 17:44 ET

easyhome Ltd. Announces Further Amendments to Deferred Share Unit Plan

TORONTO, ONTARIO--(Marketwire - April 30, 2009) - easyhome Ltd. (TSX:EH) today announced that its Board of Directors has approved further amendments to the Company's Deferred Share Unit Plan (the "Plan"). This is in response to a recommendation by Risk Metrics/Institutional Shareholder Services ("ISS") that shareholders vote against adoption of the proposed amendments to the Plan set out in easyhome's Management Information Circular for its annual meeting of shareholders to be held on Friday, May 8, 2009. The Company understands that ISS will now revise its recommendation to a "for" vote.

Such further amendments will result in future shareholder approval being required for changes to the Plan which would:

(a) change the term of any DSUs;

(b) change the vesting provisions of the Plan; or

(c) permit the grant of ad-hoc DSU awards not in lieu of cash on a discretionary basis.

The resolution in respect of the Plan to be put before the shareholders at the annual meeting will be revised to incorporate the above-described further amendments. Such resolution must be approved by a majority of the votes cast thereon by disinterested shareholders.

easyhome Ltd., is Canada's largest merchandise leasing company and the third largest in North America, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements. easyhome Ltd. is listed on the TSX under the symbol "EH".

Contact Information

  • easyhome Ltd.
    Donald K. Johnson
    Chairman of the Board
    (416) 359-4119
    easyhome Ltd.
    Chris Fregren
    Senior Vice President Chief Financial Officer
    (905) 272-2788
    easyhome Ltd.
    David Ingram
    President and Chief Executive Officer
    (905) 272-2788