09:00:33 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Pure Industrial Real Estate Trust
Symbol AAR
Shares Issued 188,816,870
Close 2015-05-21 C$ 4.90
Market Cap C$ 925,202,663
Recent Sedar Documents

Pure Industrial's Evans quits nominating committee

2015-05-22 14:29 ET - News Release

Mr. Andrew Greig reports

PURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES CORPORATE UPDATE AND AMENDMENTS TO PROPOSALS AT ITS ANNUAL AND SPECIAL MEETING

Stephen Evans has stepped down as a member of Pure Industrial Real Estate Trust's nominating and governance committee. The trustees have appointed Jim Bogusz to fill the vacancy on the nominating committee. The nominating committee's members will now consist of Douglas R. Scott (chair), T. Richard Turner and Jim Bogusz, all independent trustees.

PIRET also announces certain amendments to the proposals to be voted upon at its annual and special meeting of unitholders to be held at 10 a.m. (Pacific Time) on May 28, 2015, following discussions with Institutional Shareholder Services (ISS), a proxy voting advisory firm. As a result of PIRET's continued commitment to implementing good corporate governance practices, the board of trustees has agreed to amend the following proposals to reflect the recommendations of ISS: (i) the amendment to the trust's restricted unit plan will be revised to include an annual limit of $150,000 for grants to non-employee trustees; and (ii) the amendment to the trust's declaration of trust dated June 24, 2007, as amended and restated on Nov. 18, 2010, to implement a policy requiring advance notice to be given to the trust of unitholder proposals relating to the nomination of trustees of the trust will: (A) no longer include a maximum notice period; (B) no longer restrict the notification period to that established for the originally scheduled meeting in the event that a meeting is adjourned or postponed; and (C) only permit additional disclosure requests if required pursuant to applicable securities laws or stock exchange rules to determine the independence of a proposed nominee.

PIRET initiated the changes to the composition of the nominating committee, the plan proposal and the advance-notice proposal set out above, in an effort to continually improve PIRET's corporate governance practices, plans and policies in order to satisfy the most current criteria of its investors and proxy advisory firms. These proposals, other than the changes described herein, are more fully described in the trust's information circular dated April 28, 2015, available on SEDAR. The amended plan, with the amendments described herein, is available, free of charge, upon written request to the chief financial officer of the trust, at suite 910, 925 W Georgia St., Vancouver, B.C., V6C 3L2, and at PIRET's website.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.