The total number of Units and Special Voting Units of SmartCentres (“Units” and “SVUs”, respectively) represented by holders of Units and SVUs (collectively, “Unitholders”) that voted in connection with the Meeting was 78,903,598 Units and 34,718,239 SVUs, representing in total 62.98% of SmartCentres’ issued and outstanding Units and SVUs. At the Meeting, Unitholders voted in favour of all items of business, including fixing the number of trustees to be elected or appointed at the Meeting and the election of each of the seven trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting were as follows:
# Votes For | % Votes For | # Votes Withheld | % Votes Withheld | |
112,413,343 | 99.95% | 61,544 | 0.05% | |
112,281,971 | 99.83% | 192,916 | 0.17% | |
110,450,714 | 98.20% | 2,024,173 | 1.80% | |
112,230,981 | 99.78% | 243,906 | 0.22% | |
103,800,073 | 92.29% | 8,674,814 | 7.71% | |
107,215,378 | 95.32% | 5,259,509 | 4.68% | |
104,683,222 | 93.07% | 7,791,665 | 6.93% |
At the Meeting,
An amendment to SmartCentres’ Deferred Unit Plan as more particularly set forth in the Circular was also approved by the requisite majority.
Detailed voting results for the Meeting are available under SmartCentres’ profile on SEDAR at www.sedar.com.
About SmartCentres
SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties. Project 512, a publicly announced
SmartCentres' intensification program is expected to produce an additional 55.4 million square feet (32.5 million square feet at SmartCentres’ share) of space, 27.7 million square feet (16.2 million square feet at SmartCentres’ share) of which has or will commence construction within the next five years. From shopping centres to city centres, SmartCentres is uniquely positioned to reshape the Canadian urban and urban-suburban landscape.
Included in this intensification program is the Trust’s share of SmartVMC which, when completed, is expected to include approximately 11.0 million square feet of mixed-use space in
Certain statements in this Press Release are "forward-looking statements" that reflect management’s expectations regarding the Trust’s future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements contained in this Press Release, including statements related to the Trust's expected or planned development plans and joint venture projects, the expected timing of construction and condominium closings and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may" and similar expressions and statements relating to matters that are not historical facts, constitute "forward-looking statements". These forward-looking statements are presented for the purpose of assisting Unitholders and financial analysts in understanding the Trust’s operating environment, and may not be appropriate for other purposes. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. However, such forward-looking statements involve significant risks and uncertainties, including those discussed under the heading "Risks and Uncertainties" in SmartCentres’ Management’s Discussion & Analysis for the year ended
For more information, please visit www.smartcentres.com or contact:
Executive Chairman SmartCentres (905) 326-6400 ext. 7674 mgoldhar@smartcentres.com | Chief Financial Officer SmartCentres (905) 326-6400 ext. 7865 psweeney@smartcentres.com |
Source:
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