Hydra Industries Acquisition Corp.'s See Remarks just declared 118,736 restricted shares

Steven Robert Rogers, Hydra Industries Acquisition Corp.'s See Remarks, has now declared ownership of 118,736 restricted shares from the company. The restricted shares don't become available to Rogers until such time as they become vested.

Some additional info was provided as follows:

Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan. The restricted stock units vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities - May 18, 2017
Hydra Industries Acquisition Corp. director was just granted 5,853 restricted shares - May 11, 2017
Hydra Industries Acquisition Corp. director was just granted 5,365 restricted shares - May 11, 2017
Hydra Industries Acquisition Corp. director was just granted 5,365 restricted shares - May 11, 2017
Hydra Industries Acquisition Corp. director was just granted 4,878 restricted shares - May 11, 2017

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