Synergex Corporation
TSX : SYX

Synergex Corporation

June 08, 2006 10:26 ET

Synergex Shareholders Approve Amended Stock Option Plan

MISSISSAUGA, ONTARIO--(CCNMatthews - June 8, 2006) - Synergex Corporation (TSX:SYX), a leading provider of business solutions, announced that its shareholders passed a resolution amending its stock option plan at its Annual and Special Meeting yesterday evening.

The amendments update the stock option plan (the "Plan") in accordance with the requirements and guidelines of the Toronto Stock Exchange (Synergex previously traded on the TSX Venture Exchange); increase the total number of common shares reserved for issuance under the Plan to 10% of the outstanding and issued common shares of the Corporation (on a non-diluted basis) immediately prior to the date of grant; adopts limitations to the grant of options to insiders of the Corporation; and gives the Board of Directors the power to accelerate the vesting of options. These amendments are subject to the final approval of the Toronto Stock Exchange.

The amendments are expected to take effect within 30 days.

About Synergex Corporation

Synergex Corporation is a leading provider of business solutions. Synergex applies its proven expertise in supply chain management and process automation to emerging opportunities with high growth potential. The Company has four workgroups: Synergex Commercial Gateway, Synergex Technology, Synergex Digital Media, and Synergex Business Information, which provide value added depth in the areas of video game logistics and distribution, digital signage, point of sale solutions, Radio Frequency Identification and credit reporting. Headquartered in Mississauga, Ontario, Synergex serves a broad base of customers that includes a number of multinational enterprises. Synergex is listed on the Toronto Stock Exchange and trades under the symbol SYX. For further information, please visit www.syx.ca.

Contact Information

  • Synergex Corporation
    David Aiello
    President and CEO
    (905) 565-1212
    www.syx.ca
    or
    BarnesMcInerney Inc.
    Tanis Robinson
    Senior Account Executive
    (416) 367-5000