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Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of typefaces, technology and expertise for creative applications and consumer devices, today announced that in association with its Oct. 29, 2012 acquisition of Design By Front Limited, and in compliance with Nasdaq Marketplace Rule 5635(c), Monotype has granted equity awards as inducement awards to employees of Design by Front who are now joining Monotype.
Monotype granted an aggregate of 35,475 shares of restricted stock as inducement awards to 13 employees of Design by Front, including 10,000 shares each to Paul McKeever and Jamie Neely. The shares were issued to each Design by Front employee on Nov. 1, 2012, with no payment by such individual for the shares.