Vigil Health Solutions Inc.

Vigil Health Solutions Inc.

August 29, 2013 16:34 ET

Vigil Health Solutions Completes 2013 AGM

VICTORIA, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2013) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE:VGL), is pleased to announce the completion of its 2013 AGM. Shareholders elected Greg Peet (as Chairman), Troy Griffiths, Harry Jaako and Stephen Martin as Directors of Vigil. KPMG LLP was appointed auditors of Vigil. The shareholders also approved an amendment to the Omnibus Plan to increase the number of Common Shares reserved for issuance under the Omnibus Plan to 2,500,000 Common Shares (being approximately 15.0% of the total outstanding Common Shares of the Company).

Following the AGM, Vigil's Board of Directors appointed the remaining officers of the Company and Board Committee members. Troy Griffiths was re-appointed President and Chief Executive Officer, Nicola Chalmers, Chief Financial Officer and Secretary, Jacquie Brennan, Vice President, Operations and Steven Smith, Vice President, Research and Development. Stephen Martin (as Chairman), Greg Peet and Harry Jaako were appointed to the Audit Committee. Harry Jaako (as Chairman), Stephen Martin and Greg Peet were appointed to the Governance and Compensation Committee.

In addition, the Board granted an aggregate amount of 402,000 stock options pursuant to Vigil's Omnibus Share Compensation Plan. Of the total, 90,000 options were granted to Directors, these vest 25% on grant and 25% every six months following, a further 240,000 were granted to Officers of the Company, these vest over a 4-year period, in equal quarterly installments, starting 12 months from issue. The remaining 72,000 options were granted to employees under the same vesting terms as the Officers of the Company. These options are exercisable at a price of $0.20 per share and expire August 28, 2018.

After the addition of these options, the Company has an aggregate of 1,464,300 options and stock units outstanding representing 9 % of shares issued.

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors' housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. Vigil's objective is to offer solutions for the full continuum of care. Vigil's product range includes the innovative wireless Vitality Care System™ featuring discreet 'mini pendants', a nurse call system, mobile fall, incontinence monitoring, resident check and the award-winning Vigil Dementia System.

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