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NexLiving Communities announces effective date of share consolidation
NexLiving Communities announces effective date of share consolidation Canada NewsWire ...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n NexLiving Communities announces effective date of share consolidation\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 Aug. 3, 2023\n \n \n /CNW/ - (TSXV: NXLV) - NexLiving Communities Inc. (\"NexLiving\" or the \"Company\") announced today that the consolidation of its common shares on the basis of one post-consolidation common share for every twenty pre-consolidation shares issued and outstanding will be effective as of market open on\n \n August 3, 2023\n \n . The share consolidation was approved by the Company's shareholders at the annual and special meeting held on\n \n June 27, 2023\n \n .\n \n \n \n \n \n \n \n \n \n The Company's shareholders will receive one post-consolidation common share for every twenty pre-consolidation shares held by them. No fractional shares will be issued as a result of the consolidation. Fractional interests will be rounded to the nearest whole number of shares without any consideration payable therefor.\n \n \n The consolidation affects all the Company's common shares outstanding on\n \n August 3, 2023\n \n . As a result, the number of issued and outstanding shares will be reduced to 16,539,132 from 330,782,648, subject to treatment of fractional shares. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. The new CUSIP number for the post-consolidation shares is 65344P201 and the new ISIN number is CA65344P2017. NexLiving's common shares will continue to trade under the symbol \"NXLV\" and NexLiving's name will not change.\n \n \n Shareholders who hold their shares in brokerage accounts or in \"street name\" are not required to take any action to effect an exchange of their shares.\n \n \n Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent. The letter of transmittal will contain instructions on how registered shareholders can exchange...