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NexLiving Communities Announces Results of Annual and Special Meeting of Shareholders
NexLiving Communities Announces Results of Annual and Special Meeting of Shareholders C...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n NexLiving Communities Announces Results of Annual and Special Meeting of Shareholders\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 28, 2023\n \n \n /CNW/ - (TSXV: NXLV)\n \n –\n \n 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, 2023\n \n .\n \n \n \n \n \n \n \n \n \n At the meeting, the seven nominees to the Company's Board of Directors, 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.\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.\n \n \n Shareholders also passed a special resolution to approve a consolidation of the Company's common shares on the basis of one post-consolidation share for a minimum of every ten (10) pre-consolidation shares and a maximum of every twenty (20) pre-consolidation shares, as the directors may determine and subject to TSX Venture Exchange approval. The board of directors of the Company has determined to effect the consolidation on the basis of one (1) post-consolidation share for every twenty (20) pre-consolidation shares. Outstanding security-based compensation will be adjusted on the basis of the same ratio. In the event that the consolidation would otherwise result in the issuance of a fractional share, no fractional share shall be issued and such fraction will be rounded down to the nearest whole number. The Company currently has 330,782,648 common shares issued and outstanding. Following the consolidation, there will be approximately 16,539,132 common shares issued and outstanding...