Wednesday, October 4, 2023

AnalytixInsight Reveals Board Changes

By ET Bureau - October 22, 2022 2 Mins Read

AnalytixInsight Reveals Board Changes

AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), a financial content and enterprise software solutions provider, is pleased to announce today that Scott Gardner has been appointed as a director of the Company, effective immediately.

Mr. Gardner has been the Chief Investment Officer Chief Investment Officer (“CIO”) of Torrent Capital Inc., a Halifax based investment company, (“Torrent”) since its formation in February 2017.

“I am pleased to welcome Scott Gardner to AnalytixInsight’s board of directors,” said Prakash Hariharan, Chairman and Chief Executive Officer of AnalytixInsight. “He brings proven financial expertise and business acumen, which we anticipate will help enhance shareholder value.”

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“I am enthusiastic about the opportunity with AnalytixInsight and the potential to work with both the board and the management team,” stated Scott Gardner, CIO of Torrent. “I look forward to working with the team to develop and execute business strategies to capitalize on the Company’s suite of novel fintech products and services. I believe that there is a strong market opportunity for the Company, and I am excited to work with the team to maximize shareholder value.”

The appointment of Mr. Gardner follows Catherine Stretch’s resignation as a director of the Company, also effective immediately. The board and management of the Company express their gratitude to Ms. Stretch for her efforts and extensive contributions and wish her well in her future endeavours.

In addition, the Company announced today that, subject to regulatory approval, it has granted 765,000 restricted share units (the “RSUs”) and 415,000 stock options to certain directors, officers and staff of the Company in accordance with the Company’s restricted share unit compensation plan and stock option plan, respectively. The RSUs and options vest immediately. The options may be exercised at a price of $0.37 per option for a period of five years from the date of grant. The common shares underlying the RSUs and options are subject to a four month hold period in accordance with the policies of the TSX Venture Exchange.

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