Business
NexLiving Communities Announces Annual and Special Meeting Results, Extension of Devcore Transaction Outside Date and Closing of McLaughlin Property Sale
NexLiving Communities Announces Annual and Special Meeting Results, Extension of Devcore Transact...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n NexLiving Communities Announces Annual and Special Meeting Results, Extension of Devcore Transaction Outside Date and Closing of McLaughlin Property Sale\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 27, 2024\n \n \n /CNW/ - (TSXV: NXLV) – NexLiving Communities Inc. (\"NexLiving\" or the \"Company\"), announced today that its shareholders voted in favour of all items of business brought before them at the Company's annual and special meeting of shareholders held on\n \n June 27, 2024\n \n .\n \n \n \n \n \n \n \n \n \n At the meeting, the seven incumbent nominees to the Company's board of directors (the \"Board\"), namely\n \n Michael Anaka\n \n ,\n \n William Hennessey\n \n ,\n \n Andrea Morwick\n \n ,\n \n Drew Koivu\n \n ,\n \n David Pappin\n \n , Dr.\n \n Brian Ramjattan\n \n and\n \n Richard Turner\n \n , were elected for the ensuing year. In addition,\n \n Jeff York\n \n ,\n \n Jean-Pierre Poulin\n \n ,\n \n Francis Pomerleau\n \n and\n \n Stavro Stathonikos\n \n were elected as alternate nominees to the Board, such that on completion of the Company's previously announced transaction (the \"Transaction\") with Devcore Group Inc. and 8985979 Canada Inc. (the \"Sellers\") under the previously announced purchase agreement dated\n \n January 21, 2024\n \n (the \"Purchase Agreement\"), the Board will consist of seven directors, namely\n \n Michael Anaka\n \n ,\n \n William Hennessey\n \n ,\n \n Richard Turner\n \n ,\n \n Jeff York\n \n ,\n \n Jean-Pierre Poulin\n \n ,\n \n Francis Pomerleau\n \n and\n \n Stavro Stathonikos\n \n .\n \n \n PricewaterhouseCoopers LLP was re-appointed as the Company's auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board. All other items of business were also approved.\n \n \n \n \n Extension of Devcore Transaction Outside Date\n \n \n \n \n The Company also announced it has agreed with the Sellers to extend the outside date (the \"Outside ...