Vicinity Motor Corp. Announces Granting of Deferred Share Units to Directors

VANCOUVER, BC / ACCESSWIRE / March 29, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC), a key player in the North American commercial electric vehicle market, today revealed the issuance of Deferred Share Units (DSUs) to certain eligible directors who opted for their 2024 director's remuneration to be paid in DSUs. The company has granted a total of 187,745 DSUs as remuneration for directors for the first quarter of 2024.

This move signifies the directors' confidence in the company's future performance and aligns their interests closely with those of the shareholders. It comes at a time when Vicinity Motor Corp. continues to make significant strides in the electric vehicle industry, further solidifying its position as a leading supplier of commercial electric vehicles in North America.