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Vicinity Motor Corp. (NASDAQ:VEV) grants 187,745 Deferred Share Units to Eligible Directors for the first quarter of 2024.
VANCOUVER, BC / ACCESSWIRE / March 29, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announces the granting of Deferred Share Units (“DSUs”). Certain Eligible Directors have requested that their respective director’s remuneration for the calendar year 2024 be paid in DSUs and accordingly, the Company has granted 187,745 DSUs in connection with Directors Remuneration for the first quarter.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“VMC”) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit www.vicinitymotorcorp.com.
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
Lucas Zimmerman
MZ Group – MZ North America
949-259-4987
VMC@mzgroup.us
www.mzgroup.us
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Vicinity’s expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity’s operational strategies, the timing of the completion of the vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, related government-imposed restrictions on operations, the success of Vicinity’s strategic partnerships; and other risk and uncertainties disclosed in Vicinity’s reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Vicinity Motor Corp.
View the original press release on accesswire.com
Vicinity Motor Corp. granted Deferred Share Units (DSUs) to Eligible Directors.
Vicinity Motor Corp. granted 187,745 DSUs in connection with Directors Remuneration for the first quarter.
The ticker symbol for Vicinity Motor Corp. is VEV.
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About VEV
grande west transportation group is a canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. grande west’s best-in-class vicinity bus is available in 27.5, 30 and 35 foot models powered by clean diesel or cng designed with affordability, accessibility and global responsibility in mind. it costs significantly less than a regular 40 foot transit bus, burns less fuel and emits less harmful emissions. grande west’s vicinity is operating throughout most provinces in canada, and has entered the significantly larger us market as a buy america compliant manufacturer.
