Pan American Silver Reports Addl Changes To Stock Option,compensation Share Plan

(RTTNews) - Pan American Silver Corp. (PAAS, PAA.TO) announced additional minor changes to its Stock Option and Compensation Share Plan in order to more closely align the Plan with Institutional Shareholder Services requirements.

In its information circular dated April 7, 2015 the Company disclosed a number of proposed changes to the Plan to be presented to shareholders at the Company's Annual General and Special Meeting to be convened on May 11, 2015.

The Company intends to supplement the proposed amendments to the Plan with the following: the $100,000 limit on the annual equity award for non-employee directors will no longer include an exception for the Chairman of the Board; and the provisions addressing amendments to the Plan will be modified such that the following will require shareholder approval:any amendment to definitions in the Plan; any extension of the term of an option beyond the original expiry date; in addition to reducing the exercise price of an option requiring shareholder approval, as currently set-out in the Plan, any cancellation and reissuance of an option or other entitlement; any amendment which would permit options to be assignable or transferrable, other than for normal estate planning or settlement purposes; any increase to the Annual Equity Limit; and any amendment to the shareholder approval provisions that would increase the ability of the board of directors of the Company to amend the Plan without shareholder approval.