Townsquare Media Reduces Stock Option Exercise Price

Repricing

TOWNSQUARE MEDIA has repriced its stock option exercise price, reducing the exercise price to $9 per share.

The company's board took the action on NOVEMBER 29th and made it effective DECEMBER 28th, saying in its filing with the SEC that it "believes that the Option Repricing is in the best interest of stockholders and the Company, as the repriced stock options will provide added incentives to retain and motivate key contributors of the Company, which is necessary for the Company’s future success and growth in the value of its shares."

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