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Nexus REIT Announces Release Date for Second Quarter Results and Results Call, RSU Grant and Board Change
Nexus REIT Announces Release Date for Second Quarter Results and Results Call, RSU Grant a...
About this update from Nexus Industrial Reit
[{"type":"text","content":"\n\n\n\nNexus REIT Announces Release Date for Second Quarter Results and Results Call, RSU Grant and Board Change\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\nCanada NewsWire\nTORONTO and MONTREAL, July 12, 2019\n\n\n\nTORONTO and MONTREAL, July 12, 2019 /CNW/ - Nexus Real Estate Investment Trust (the \"REIT\") (TSXV: NXR.UN) announced today that it intends to release its financial results for the quarter ended June 30, 2019 before the opening of the TSX Venture Exchange on Friday August 16, 2019.\nManagement of the REIT will host a conference call at 1:00 PM Eastern Standard Time on Friday August 16, 2019 to review the financial results and operations.\nTo participate in the conference call, please dial 416-915-3239 or 1-800-319-4610 (toll free in Canada and the US) at least five minutes prior to the start time and ask to join the Nexus REIT conference call.  \nA recording of the conference call will be available until September 16, 2019. To access the recording, please dial 604-674-8052 or 1-855-669-9658 (toll free in Canada and the US) and enter access code 3460.\nRSU Grant\nThe REIT has granted an aggregate of 117,080 restricted units (\"RSUs\") to the Chief Executive Officer and the Chief Financial Officer of the REIT under it's Incentive Unit Plan, and an aggregate of 13,268 RSUs to other employees in respect of 2018 service as further described in the Circular dated April 23, 2019. \nThese RSUs will vest one-third on the date of issuance, one-third on February 28, 2020 and one-third on February 28, 2021 and are priced at 1.986725 per unit, the volume-weighted average trading price of units of the REIT for the 5 trading days prior to the grant date. \nThe REIT is authorized to issue up to 4,448,704 units under the Incentive Unit Plan. Prior to the date hereof, no units were issued under the plan.    \nBoard Change\nThe REIT also announced that Mr. Mario Forgione has resigned from the Board of Trustees. The REIT thanks Mr. Forgione for his contributions to the REIT's success. The REIT's Board of Trustees will contemplate wheth...