HALIFAX, NS, Oct. 26, 2022 /CNW/ - G2S2 Capital Inc. and its wholly owned subsidiary, Armco Alberta Inc. ("G2S2"), the largest unitholder of Slate Office REIT ("SOT", or "the REIT") (TSX: SOT.UN), announced today that G2S2 has requisitioned a special meeting of Slate Office REIT unitholders (the "Meeting") to 1) refresh the board of trustees (the "Board") by adding four highly experienced and independent nominees to the Board, 2) remove five conflicted and entrenched existing trustees from the Board, 3) amend the REIT's Declaration of Trust to reduce Slate Asset Management's ("SLAM") board nomination rights from two trustees to one, and 4) conduct an advisory vote requesting the Board to take all actions required to internalize the asset and property management functions of the REIT rather than having such functions managed by an external manager (the "Requisition"). G2S2's nominees are George Armoyan, Jean-Charles Angers, Sharon Stern and Ben Vendittelli. G2S2 also releases its strategic plan to narrow the almost 50% trading discount of the REIT units to management's stated net asset value ("NAV") of the REIT, and to restore unitholder value.
Read more at newswire.caG2S2 Capital Inc. Requisitions Special Meeting of Slate Office REIT Unitholders, Nominates Four Highly Qualified Nominees to Align Board with Unitholders Interests, and Highlights Strategy to Unlock Value for Unitholders
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