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NexLiving Communities Inc ( (TSE:NXLV) ) has issued an announcement.
NexLiving Communities Inc. announced the adoption of an omnibus equity compensation plan, approved by shareholders and conditionally accepted by the TSX Venture Exchange. This plan replaces previous incentive plans and allows for various equity-based awards to attract and retain key personnel. The company has reserved 10% of its common shares for this purpose, with an initial issuance of 120,000 deferred share units to directors and employees. This move is expected to enhance NexLiving’s ability to motivate its team and align their interests with the company’s growth objectives.
More about NexLiving Communities Inc
NexLiving Communities Inc. operates in the real estate industry, focusing on acquiring and managing multi-residential properties in secondary markets across Canada. The company aims to provide exceptional living experiences with modern, affordable housing solutions, catering to a wide demographic. NexLiving currently owns 2,083 units across New Brunswick, Quebec, Ontario, and Manitoba and is actively pursuing further acquisitions.
Average Trading Volume: 15,171
Technical Sentiment Signal: Sell
Current Market Cap: C$60.86M
See more data about NXLV stock on TipRanks’ Stock Analysis page.