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