Sabana Reit: 'Nothing unusual or improper' about merger's voting process

If approved at Friday's extraordinary general meeting , this amendment will be applicable for the scheme meeting later that day, when unitholders vote on the merger.

For example, assuming investors A and B held Sabana Reit units via a custodian bank, and A submits three votes in favour while B submits two votes against, a custodian using the"simple majority" rule would submit three votes in favour but none against the merger. "A proper process is in place to ensure that the proxy forms are counted and verified," the Sabana Reit manager said. The unit registrar, Boardroom Corporate & Advisory Services, will receive and count the proxy forms, after which the scrutineer, DrewCorp Services, will scrutinise and verify the forms.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Sabana Reit says nothing 'unusual or improper' about merger voting processConcerns over the proposed merger of Sabana Reit and ESR-Reit have been raised by the deal's key opponents.. Read more at straitstimes.com.
La source: The Straits Times - 🏆 8. / 63 Lire la suite »

Stocks to watch: Nutryfarm, Starhill Global Reit, Chip Eng Seng, First Reit, CDWTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Stocks to watch: iFast, Oxley, CDL, Yanlord Land, First ReitTHE following companies saw new developments that may affect trading of their securities on Thursday. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »