Revolve Renewable Power Corp. Announces Deferred Share Units Grant to Directors

VANCOUVER, BC / ACCESSWIRE / March 4, 2024 - Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF), a North American renewable energy company, declared the grant of Deferred Share Units (DSUs) to its board directors effective from March 1, 2024. This first-time grant of 1,140,421 DSUs is part of the company's equity incentive plan established on July 6, 2022. Each DSU permits its holder a share of the company or a cash equivalent upon their cessation as a director.

The DSUs, which vest after one year from the grant date, cover different periods including the second half of 2022 and the first half of 2024, with prices ranging from C$0.29 to C$0.50 per share. Going forward, Revolve plans to award DSUs quarterly instead of cash payments for director fees.