Colliers Completes Transaction to Settle Long-Term Incentive Arrangement and Establish Timeline for Orderly Elimination of Dual Class Voting Structure

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TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX:CIGI, NASDAQ:CIGI) (“Colliers” or the “Company”) today announced that it has completed the previously announced transaction (the “Transaction“) to settle the Management Services Agreement (the “MSA“), including the long-term incentive arrangement, between Colliers, Jay S. Hennick and Jayset Management CIG Inc., a corporation controlled by Mr. Hennick. The Transaction has also established a timeline for the orderly elimination of Colliers' dual class voting structure by no later than September 1, 2028.

Colliers and Mr. Hennick have entered into a new five-year management services agreement, with mutual one-year renewal options thereafter …

Full story available on Benzinga.com

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