TORONTO, ONTARIO AND STORRS, CONNECTICUT, Nov 15, 2013 (Marketwired via COMTEX) -- POET Technologies Inc. CA:PTK +12.50% (otcqx:POETF) ("the Company") - developer of the proprietary planar-optoelectronic technology ("POET") platform for monolithic fabrication of integrated electronic and optical devices on a single semiconductor wafer - announces the grant of additional incentive stock options under its stock option plan, to certain officers and employees of the Company, to purchase up to an aggregate of 1,480,000 common shares, representing 1.12% of the outstanding shares of the Company.

Of these options, 42.6% were granted to key employees which are the technical staff related to the POET effort and 57.4% to the Company's officers. No options were granted to the Directors of the Company. The stock options are exercisable at a price of CA$0.44 per share expiring November 14, 2018. Pursuant to the TSX Venture Exchange policies, the exercise price was fixed by the closing market price of November 13, 2013. The options will vest and be exercisable on the basis of 25% on the date of grant and 25% every six months thereafter.

There are currently 23,832,750 options outstanding and 132,676,115 shares outstanding. The options were granted subject to provisions of the Company's stock option plan which was approved by shareholders on June 21, 2013, and are subject to the TSX Venture Exchange policies and the applicable securities laws.

http://www.marketwatch.com/story/poet-technologies-grants-stock-options-2013-11-15-81733115?reflink=MW_news_stmp

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