TORONTO, May 23, 2019 /CNW/ – European Residential Real Estate Investment Trust (TSXV: ERE.UN) (“ERES” or the “REIT“) is pleased to announce that all resolutions were passed at its annual and special meeting of holders (the “Unitholders“) of units and special voting units of the REIT (together, “Units“) that was held today in Toronto, Ontario, Canada.
In addition to the election of each of the nominee trustees, the re-appointment of PricewaterhouseCoopers LLP as auditors of the REIT and the re-adoption of the REIT’s amended and restated unit option plan by a majority of the Unitholders at the meeting, a majority of the disinterested Unitholders authorized the issuance of up to 88,381,759 units of the REIT or class B limited partnership units of ERES Limited Partnership to CAPREIT Limited Partnership or a subsidiary thereof (together, “CAPREIT“) as a portion of the consideration for the potential indirect acquisitions of two portfolios consisting of an aggregate of 47 properties in the Netherlands from CAPREIT, pursuant to the pipeline agreement between the REIT and CAPREIT dated March 29, 2019 (the “Unit Issuance“), as further described in the management information circular of the REIT dated April 23, 2019 (the “Circular“).
Election of Trustees
According to proxies received and a vote by show of hands, the six nominees set forth in Circular were elected as trustees of the REIT to hold office until the close of the next annual meeting of Unitholders or until their successors are duly elected or appointed.
The following are the voting results on this matter:
|
Trustee |
Number of Units |
Percentage of Votes Cast |
|||
|
Jan Arie Breure |
Votes For: |
85,776,536 |
99.59% |
||
|
Votes Withheld: |
351,760 |
0.41% |
|||
|
Harold Burke |
Votes For: |
85,769,516 |
99.58% |
||
|
Votes Withheld: |
358,780 |
0.42% |
|||
|
Phillip Burns |
Votes For: |
85,776,536 |
99.59% |
||
|
Votes Withheld: |
351,760 |
0.41% |
|||
|
Gina Cody |
Votes For: |
86,127,896 |
99.9995% |
||
|
Votes Withheld: |
400 |
0.0005% |
|||
|
Ira Gluskin |
Votes For: |
86,124,196 |
99.995% |
||
|
Votes Withheld: |
4,100 |
0.005% |
|||
|
Michael Stein |
Votes For: |
85,892,141 |
99.73% |
||
|
Votes Withheld: |
236,155 |
0.27% |
|||
Re-Appointment of Auditors
According to proxies received and vote by show of hands, PricewaterhouseCoopers LLP were re-appointed as the REIT’s auditors for the ensuing fiscal year and the trustees were authorized to fix the remuneration to be paid to the auditors.
The following are the voting results on this matter:
|
Number of Units |
Percentage of Votes Cast |
|
|
Votes For: |
86,134,796 |
99.98% |
|
Votes Withheld: |
13,500 |
0.02% |
Adoption of Unit Option Plan
According to proxies received and vote by show of hands, the REIT’s amended and restated rolling unit option plan was re-adopted.
The following are the voting results on this matter:
|
Number of Units |
Percentage of Votes Cast |
|
|
Votes For: |
85,902,930 |
99.74% |
|
Votes Against: |
225,366 |
0.26% |
Issuance of Units or Class B LP Units
According to proxies received and vote by show of hands, the disinterested Unitholders authorized the Unit Issuance.
The following are the voting results on this matter:
|
Number of Units |
Percentage of Votes Cast |
|
|
Votes For: |
3,684,938 |
99.58% |
|
Votes Against: |
15,600 |
0.42% |
About European Residential Real Estate Investment Trust
ERES is an unincorporated, open-ended real estate investment trust. ERES is Canada’s first European focused multi-residential REIT, with a focus on investing in high-quality multi-residential real estate properties in Europe. ERES currently owns a portfolio of multi-residential properties located in the Netherlands, two office properties in Germany and one office property in Belgium. ERES’ Units are listed on the TSXV under the symbol ERE.UN. For more information please visit our web site at www.eresreit.com.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
SOURCE European Residential Real Estate Investment Trust
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