ONEnergy Inc.
TSX VENTURE : OEG
TSX VENTURE : OEG.A

ONEnergy Inc.

April 13, 2015 16:30 ET

ONEnergy Inc. Reports Grant of Deferred Share Units

TORONTO, ONTARIO--(Marketwired - April 13, 2015) - ONEnergy Inc. ("ONEnergy" or the "Corporation") (TSX VENTURE:OEG)(TSX VENTURE:OEG.A), a fast-growing, dynamic energy management firm serving commercial, industrial, multi-residential and residential customers in Canada and the U.S. via its Sunwave™-branded energy and energy-efficiency businesses reports the grant of deferred share units ("DSUs"). All amounts are in Canadian dollars unless otherwise noted.

Certain non-executive directors elected to receive all or part of their quarterly directorship fees in DSUs and were awarded 281,250 DSUs. The DSUs vest immediately and expire in April 2025. Settlement of the DSUs occurs on the director's separation date and is settled in (i) cash; (ii) subordinate voting shares in the Corporation or (iii) a combination of cash and subordinate voting shares in the Corporation. The DSUs are governed by the provisions of the Corporation's Deferred Share Unit Plan.

About ONEnergy Inc.

ONEnergy is a fast-growing, dynamic energy management firm serving commercial, industrial, multi-residential and residential clients via its Sunwave™-branded energy and energy-efficiency businesses. Sunwave specializes in helping customers use energy more wisely by minimizing their energy consumption and then cost-effectively managing the balance. We provide a variety of products and services including sales and rental of energy-efficient furnaces, boilers and air conditioners, complete turnkey LED lighting retrofits (including financing), supply of conventional and "green" electricity for homes and businesses, commercial solar PV installations, home protection plans, building envelope upgrades, energy audits and more to help our customers conserve, simplify and effectively manage their energy costs.

Sunwave serves customers in both Canada and the United States, with offices in Toronto, Ottawa, and Norwalk, CT.

ONEnergy shares are listed on the TSX Venture Exchange under the symbols "OEG" for Multiple Voting Shares and "OEG.A" for Subordinate Voting Shares. ONEnergy's website may be found at www.onenergyinc.com.

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of ONEnergy and its subsidiaries that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by ONEnergy at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by ONEnergy that actual results achieved will be the same, in whole or in part, as those forecast.

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.

Contact Information

  • Mark Lewis
    Chief Executive Officer
    ONEnergy Inc.
    +1 (416) 444-4848

    Ray de Ocampo
    Chief Financial Officer
    ONEnergy Inc.
    +1 (416) 444-4848