Destiny Media Grants Stock Options

VANCOUVER, May 25, 2015 - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQX: DSNY) announces that it has granted 1,520,000 non-qualified stock options under its 2006 Amended and Restated Stock Option Plan to officers, directors, employees and consultants of Destiny.  The options were granted for a period of two years, expiring two years from their vesting dates, and each stock option will allow the holder to purchase a common share of Destiny at an exercise price of USD$0.40 per share.

 

Of the 1,520,000 options granted, 1,200,000 options were granted to the following directors and officers:

Number Of Options Name Of Optionee Capacity Vesting Date Expiration Date
400,000 Steven Vestergaard Director and Chief Executive Officer Equal monthly installments commencing June 25, 2015 Two years from the particular vesting date
350,000 Dale Borland Chief Operating Officer Equal monthly installments commencing June 25, 2015 Two years from the particular vesting date
150,000 Fred Vandenberg Chief Financial Officer Equal monthly installments commencing June 25, 2015 Two years from the particular vesting date
100,000 Edward Kolic Director May 25, 2015 May 26, 2017
100,000 Haig Bagerdjian Director May 25, 2015 May 26, 2017
100,000 Yoshitaro Kumagai Director May 25, 2015 May 26, 2017
1,200,000 Total  



On Behalf of the Board of Directors

 

Steve Vestergaard

CEO

 

Destiny Media Technologies, Inc. provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream and Play MPE®. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream, there is no player to configure or install, videos never go obsolete, and there are up to 90% cost savings by reducing the use of transcoding, infrastructure and bandwidth. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com.

 

For further information:

Contacts:

Steve Vestergaard
CEO Destiny Media Technologies, Inc.
604 609 7736 x222

Investor Relations:

Dave Mossberg
Three Part Advisors
817-310-0051

Keith Loh