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Realia Properties Inc
Symbol RLP
Shares Issued 255,221,137
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Realia Properties appoints Lefevre, Mair as directors

2026-08-06 19:06 ET - News Release

Subject: News release attached for immediate dissemination. Thanks! [RBS-ACTIVE.37897.0001.FID917001] Word Document

File: '\\swfile\EmailIn\20260806 155733 Attachment RLP - News Release (Board Changes and RLP US) dated Aug 6 2026.docx'

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REALIA PROPERTIES INC. ANNOUNCES NEW DIRECTORS/OFFICERS

Vancouver, British Columbia, August 6, 2026 - Realia Properties Inc. (the "Company") (TSX VENTURE: RLP) provides the following corporate update.

New Directors/Officers

The Company wishes to announce the resignation of Stephane Amine from its board of directors, as well as the resignation of Eric Fazileau as its CEO and Larry Goldberg as its Corporate Secretary. (Mr. Goldberg, however, will remain as a director of the Company.) The Company wishes to thank each of Messrs. Amine, Fazileau and Goldberg for their efforts throughout their respective tenures.

In their place, the Company announces the appointment of Jean-Daniel Cohen, the Company's current chair as CEO, and Kyra Dorn, the Company's current CFO, as corporate secretary.

The Company also announces the appointment of Dominique Lefevre and Iain Mair as new directors to its Board. Each of Messrs. Lefevre and Mair are independent directors, and Mr. Lefevre will also be appointed as chair of the Company's audit committee.

Mr. Lefevre is a partner at Crescendo, a wealth management and financial services advisor in the Bahamas. He was previously the CEO of Societe Generale Private Banking Bahamas, the Bahamian division of the well-known French bank and financial services company, and a former board member of various Societe Generale entities in Europe.

Mr. Mair is a multi-jurisdictional qualified lawyer (United Kingdom and Eastern Caribbean Supreme Court (BVI), an international private banker, risk analysis advisor and advisor to private offshore funds, as well as an advisor on private wealth structuring and planning, with over 20 years of international experience.

The Company welcomes Messrs. Lefevre and Mair to its Board.

Corporate Updates

The Company announces that it has entered into an agreement to sell its ownership interests in Realia Properties US, its wholly-owned subsidiary, to Inovalis City Center Retail Fund, Inc. for nominal consideration. Realia Properties US has no assets or operations. The sale is intended to offload the Company's administrative burden of maintaining Realia Properties US, as it serves no further use or purpose to the Company.

As Inovalis is a related party to the Company for reason of holding more than 10% of the Company's outstanding shares, completion of the sale is subject to the Company receiving prior approval from the TSXV.

The Company will provide further updates as they become available.

Regulatory Update

The Company has filed its audited consolidated annual financial statements for the year ended December 31, 2024, and its unaudited interim consolidated and condensed financial statements for the first three quarters of fiscal 2025, along with all corresponding management's discussion and analysis. Each are available under the Company's profile on SEDAR+, accessible at www.sedarplus.ca.

As a result, the Company has applied for and received an order revoking the prior cease trade order issued by the British Columbia Securities Commission and Ontario Securities Commission in May 2023. The Company has applied for a resumption of trading on the TSX Venture Exchange and will provide further updates as that progresses.

Insider Share Positions

The Company wishes to clarify the shareholdings of its two control persons, Inovalis (holding through Inovalis SA and Inovalis City Center Retail Fund, Inc.; collectively "Inovalis") and Hoche Partners Private Equity Investors SARL ("Hoche").

At present, Inovalis holds 55,930,026 common shares of the Company (20.72%), and Hoche holds 166,282,835 common shares of the Company (61.59%). The Company's management proxy information circular had misreported these amounts. The Company apologizes for any confusion.

Separately, Hoche and Inovalis have entered into an agreement pursuant to which Inovalis has agreed to sell all of the shares held by it in the Company to Hoche. Completion of the sale is subject to, among other things, determination of pricing under the terms and conditions of said agreement. The Company is not party to said agreement. If and when such sale is completed, each of Inovalis and Hoche will file early warning reports pursuant to National Instrument 62-103, as needed.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jean-Daniel Cohen

Chief Executive Officer

Realia Properties Inc.

Telephone: (647) 775 8337

Facsimile: (647) 775 8301

Email: jdcohen@hochepartners.com

FORWARD LOOKING STATEMENTS

This news release contains certain "forward looking statements," including with respect to the Company's proposed sale of Realia Properties US. Forward-looking statements involve known and unknown risks (including but not limited to risks that such events do not proceed, or do not proceed on expected terms), uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance or guarantee that any forward-looking statements will prove to be accurate, or that management's assumptions underlying such statements will materialize. Any forward-looking statement speaks only as of the date of this news release, and - except as may be required by applicable securities laws - the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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