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Everyday People Financial Announces Quarterly Issuance of Shares for Services
Newsfile· 2025-10-22 15:13
Core Viewpoint - Everyday People Financial Corp. has announced share issuances as part of an advisory agreement with an independent consultant, detailing compensation for services rendered during the quarter ending September 30, 2025 [1][2]. Group 1: Share Issuance Details - The consultant received a monthly fee of $5,000 in cash and a total of $15,000 in common shares for the services provided [2]. - For the quarter ended September 30, 2025, the company issued a total of 21,832 common shares at various deemed prices [2][10]. - The shares are subject to a hold period of four months and one day, in compliance with securities laws and TSX Venture Exchange policies [2]. Group 2: Company Overview - Everyday People Financial Corp. is a technology-driven financial services provider established in 1988, with over 600 employees operating in the UK and Canada [4]. - The company focuses on two main business pillars: Revenue Cycle Management (RCM) and Financial Services, aimed at helping individuals and businesses manage their finances effectively [5]. - The mission of the company is to provide affordable and innovative financial solutions that create lasting value for clients and shareholders [6][7].
Everyday People Financial Announces Voting Results of its Annual and Special Meeting of Shareholders and Annual Approval of its Omnibus Share Incentive Plan
Newsfile· 2025-09-30 13:01
Core Points - Everyday People Financial Corp. announced the results of its annual and special meeting of shareholders held on September 29, 2025, where all proposed matters were approved by shareholders [2]. Group 1: Election of Directors - Seven director nominees were elected to the board, including David Guebert, Nitin Kaushal, Graham Rankin, Barret Reykdal, Gordon Reykdal, Scott Sinclair, and Amy ter Haar [3]. Group 2: Appointment of Independent Auditors - MNP LLP was appointed as the independent auditor for the company until the next annual meeting, with the Board authorized to fix the remuneration of the auditors [4]. Group 3: Annual Approval of Omnibus Share Incentive Plan - The Omnibus Share Incentive Plan was ratified by a majority of disinterested shareholders and is subject to final approval by the TSX Venture Exchange. The plan allows for the issuance of options, restricted share units, performance share units, and deferred share units, with a maximum of 10% of common shares reserved for options and 5,000,000 common shares reserved for share units and deferred share units [5]. Group 4: Company Overview - Everyday People Financial Corp. is a technology-driven financial services provider established in 1988, with over 650 employees operating in the UK and Canada, focusing on fee-for-service solutions [6][7]. - The company aims to help individuals and businesses manage their finances better, providing innovative and responsible financial solutions to create lasting value for clients and shareholders [8][9].
Everyday People to Present at the Annual Smallcap Discoveries Conference in Vancouver
Newsfile· 2025-09-26 15:28
Core Points - Everyday People Financial Corp. is participating in the Annual Smallcap Discoveries Conference in Vancouver on September 30, 2025, where Executive Chairman Gordon Reykdal will present the company's recent and future activities [1] - The conference aims to strengthen Canada's microcap ecosystem by fostering connections between engaged investors and select Canadian growth companies [2] - The event will take place on September 29-30, 2025, at the Parq Hotel and Casino in Vancouver, British Columbia [3] Company Overview - Everyday People Financial Corp. is a technology-driven financial services provider established in 1988, with over 650 employees operating in the UK and Canada [13] - The company focuses on two business pillars: Revenue Cycle Management (RCM) and Financial Services, providing fee-for-service solutions without lending money [14] - The mission of the company is to help individuals and businesses manage money better and to provide affordable, innovative, and responsible financial solutions [15][16] Shareholder Information - On August 14, 2025, the board approved the issuance of 182,000 common shares for the redemption of Restricted Share Units (RSUs) that vested on August 13, 2025 [5] - A further 396,000 RSUs granted to three directors on August 31, 2022, vested and were redeemed for common shares, with 132,000 shares issued to each director on September 15, 2025 [6] - Following these redemptions, the company has 129,080,081 common shares issued and outstanding [6] Incentive Plan - The company's Omnibus Share Incentive Plan allows for the grant of RSUs, options, performance share units, and deferred share units, with a maximum of 10% of common shares reserved for issuance [11] - The plan was last approved by shareholders on July 25, 2024, and received annual approval from the TSX Venture Exchange on July 29, 2024 [12] Future Grants - On August 14, 2025, the board approved the grant of 225,000 RSUs to one officer, which will vest one year from the grant date [8] - Additionally, 37,500 RSUs will be granted to another officer on September 30, 2025 [9]
Everyday People Closes Shares for Debt Transaction
Newsfile· 2025-08-19 12:22
Core Viewpoint - Everyday People Financial Corp. has successfully closed a shares-for-debt transaction to settle approximately $1.4 million of outstanding debt, enhancing its balance sheet by reducing liabilities and preserving cash resources for operations and growth [1][3]. Debt Settlement Details - The company issued 2,223,651 common shares at a deemed price of $0.63 per share to settle the debt [1]. - Prior debt settlements with EAM included $2 million and $4 million, settled through the issuance of 2,439,024 shares at $0.82 per share and 3,636,364 shares at $1.10 per share, respectively [2]. - After the latest settlement, EAM and Gordon Reykdal will hold approximately 21% of the company's outstanding shares, an increase from 20% [4]. Related Party Transaction - The issuance of shares to EAM is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Voting Trust Agreement - A voting trust agreement was established on August 31, 2022, involving Gordon Reykdal, EAM, and Odyssey Trust Company, allowing the trustee to vote shares beneficially owned by Reykdal and his spouse [6]. Restricted Share Units - The Board of Directors approved the grant of 225,000 restricted share units (RSUs) to an officer, which will vest one year from the date of grant [7]. Company Overview - Everyday People Financial Corp. is a technology-driven financial services provider established in 1988, with over 650 employees operating in the UK and Canada [10]. - The company focuses on Revenue Cycle Management and Financial Services, offering digital tools and credit access programs without lending money [11]. - The mission is to provide affordable and responsible financial solutions to help individuals and businesses manage money better [12].