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McCoy Forms Strategy, Capital Allocation Committee To Boost Invested Capital Returns

McCoy Global Inc. (MCCRF.OB,MCB.TO) Thursday announced the formation of a Strategy and Capital Allocation Committee of independent members of the Board to assist in executing approved initiatives.

The provider of equipment and technologies has also given its nod for a Directors' Performance Share Unit plan for its independent directors to promote alignment with the longer-term interests.

The plan is cash settled and contains a payout multiplier of up to four times, based on total shareholder return.

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