People Corporation
TSX VENTURE : PEO

People Corporation

March 10, 2016 08:30 ET

People Corporation Announces Security Based Compensation Grants

TORONTO, ONTARIO--(Marketwired - March 10, 2016) - On January 21, 2015, People Corporation (TSX VENTURE:PEO) (the "Company") granted stock options to independent Directors of the Company to acquire a total of 70,313 shares of the Company. The granted options have an average exercise price of $2.92 per share, have a term of five years, will vest over a period of three years and are otherwise subject to the terms of the Plan. The options were granted in accordance with the Company's Amended and Restated Stock Option Plan (the "Plan") whose objective is to reward senior officers, directors, and employees based on individual and corporate performance, to align their interests with that of the Company and to provide long-term incentives. In particular, the Company issues options to Directors as part of its compensation program to attract, retain, and reward directors.

Due to an administrative oversight, the Company did not press release the information respecting the grant at the time of issuance. These options were disclosed in the Company's Management Information Circular dated January 14, 2016. To date, none of these options have been exercised.

About People Corporation

People Corporation is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company whose stock is traded on the TSX-V. The Company's industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation's expertise and proven track record to work will make a difference to your people and your bottom line.

Further information is available at www.peoplecorporation.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws, such as information concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as "may", "will", "expect", "believe", "intends", "likely", or other words of similar effect may indicate forward-looking information including the completion of the transaction, the impact of that transaction on our earnings and cash flow, and the anticipated benefits of the transaction. This information is not a guarantee of future performance and is subject to numerous risks and uncertainties, including those described in our publicly filed documents (which are available on SEDAR at www.sedar.com). Those risks and uncertainties include: our ability to maintain profitability and manage growth; strong competition from other consultants and that changes in the current legislation could result in significant competition from the banking industry; failure of information systems and technology; dependence on key clients; seasonality of revenues and the resulting possible impairment on working capital; reliance on key professionals; additional financing may be required and may not be available under terms favourable to us; there can be no assurance that any suitable future acquisition will be available to us or that, if available, the terms of the acquisition will be favourable to us; and a change in general economic conditions. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking information made by us or on our behalf. Given these risks and uncertainties, investors should not place undue reliance on forward-looking information as a prediction of actual results. All forward-looking information in this news release is qualified by these cautionary statements. This information is made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.

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 press release.

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