Brief: FirstService Enters Into Agreement Reaffirming Terms To Settle Long-Term Incentive Arrangement

FirstService

02/04/2019 23:33

April 2 (Reuters) - FirstService Corp  FSV.TO :
    * FIRSTSERVICE ENTERS INTO DEFINITIVE AGREEMENT REAFFIRMING
TERMS
TO SETTLE LONG-TERM INCENTIVE ARRANGEMENT AND ELIMINATE DUAL
CLASS VOTING STRUCTURE
    * FIRSTSERVICE - ENTERING AGREEMENT WITH JAY HENNICK,
ENTITIES
RELATED TO HENNICK TO SETTLE RESTATED MANAGEMENT SERVICES
AGREEMENT ENTERED ON FEB. 1, 2004
    * FIRSTSERVICE - UNDER TERMS OF TRANSACTION, CO WILL PAY
US$62.9
MILLION (ABOUT C$84.3 MILLION) IN CASH; AND ISSUE A TOTAL OF 2.9
MILLION SUBORDINATE VOTING SHARES

Source text for Eikon:  ID:nGNX8MsRMk 
Further company coverage:  FSV.TO 

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