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NexLiving Communities Announces Adoption of Omnibus Equity Compensation Plan
NexLiving Communities Announces Adoption of Omnibus Equity Compensation Plan Canada New...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n\n\n\n NexLiving Communities Announces Adoption of Omnibus Equity Compensation Plan\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. (\"NexLiving\" or the \"Company\") announced that at its annual general meeting held on\n \n June 4, 2025\n \n , shareholders of NexLiving approved the adoption of the Company's omnibus equity compensation plan (the \"Plan\") approved by the board of directors of NexLiving on\n \n May 2, 2025\n \n . The TSX Venture Exchange (the \"Exchange\") has provided conditional acceptance of the Plan, subject to the Company meeting all of the requirements of the Exchange.\n \n\n\n\n\n\n\n\n\n The Plan replaces the Company's amended and restated incentive stock option plan and amended and restated deferred share unit plan.  The principal amendments to such predecessor plans are to allow for the issuance of stock options, stock appreciation rights, deferred share units, restricted share units and performance share units pursuant to the Plan. The purpose of the Plan is to attract and retain directors, officers, employees, consultants and management company employees of NexLiving and to motivate them to advance the interests of the Company by affording them with the opportunity to acquire an equity interest in the Company through security-based compensation awards which are exercisable or can be settled by the issuance of common shares of the Company.\n \n\n The aggregate number of common shares to be awarded under the Amended Plan will be a rolling maximum number that will not be greater than 10% of the issued and outstanding common shares at any point in time. Given 32,690,316 common shares are currently outstanding, 3,269,031 common shares will be reserved for issuance under the Plan, subject to adjustment upon any increase in the number of common shares outstanding. The rules and policies of the Exchange provide that a rolling plan must be approved by the shareholders every year.\n \n\n On\n \n ...