TORONTO--(BUSINESS WIRE)--Telehop announced today that all of the matters proposed by management at its shareholders meeting held on January 31, 2017 had been approved including the change of the Corporation's name to ADYA Inc. which will take effect upon completion of regulatory approval.
Adya will be the new rebranded holding company of Telehop, G3 Telecom, iRoam, and the rest of the Company’s subsidiaries. Adya will focus on expanding beyond telecommunications into other accretive businesses that leverage off the Company’s current customer base channels and supply chains while the current businesses operate as they are today.
The Company also announces the election of two new Board of Directors, Eamon Hoey and Pankaj Varma. “I am proud to announce the addition of Mr. Hoey and Mr. Varma to Adya’s Board of Directors,” said Rajiv Jagota, President and CEO of Adya. “Both bring extensive experience in the telecommunications and investment sectors to the Board respectfully, and I am excited to work with them both on our strategic strategies.”
In addition the Company announced that it had granted 800,000 stock options under its Stock Option Plan to its directors including its CEO, all of which have a five year term and an exercise price of $0.05 per share. In addition a further 600,000 options were granted to the three directors who are members of the new Acquisition Committee, which options have a five year term and an exercise price of $0.075 per share.