Colliers completes transaction to settle long-term incentive arrangement and establish timeline for orderly elimination of dual class voting structure

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.
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