In This Article:
TORONTO, June 06, 2024--(BUSINESS WIRE)--Granite Real Estate Investment Trust ("Granite REIT") and Granite REIT Inc. ("Granite GP") (collectively, "Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today the results of the matters voted on at their joint annual general and special meetings of stapled unitholders held virtually earlier today (the "Meetings"). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite’s Management Information Circular dated April 10, 2024 (the "Circular"), were elected as set out below. In addition, the proposed arrangement to simplify Granite’s current stapled unit structure, as detailed in the Circular, and all other resolutions voted on at the Meetings, were approved by stapled unitholders.
A total of 49,511,964 stapled units (78.11% of outstanding stapled units) were represented in person or by proxy at the Meetings.
The results of the votes held at the Meetings are as follows:
| As Trustee of Granite REIT | As Director of Granite GP | |||||||
| Nominee | Votes For | % | Votes | % | Votes For | % | Votes | % |
| Peter Aghar | 49,190,867 | 99.92 | 40,777 | 0.08 | 49,189,797 | 99.91 | 41,847 | 0.09 |
| Robert D. Brouwer | 49,188,272 | 99.91 | 43,372 | 0.09 | 49,185,167 | 99.91 | 46,477 | 0.09 |
| Remco Daal | 49,193,094 | 99.92 | 38,550 | 0.08 | 49,192,744 | 99.92 | 38,900 | 0.08 |
| Kevan Gorrie | 49,184,704 | 99.90 | 46,940 | 0.10 | 49,184,969 | 99.91 | 46,675 | 0.09 |
| Fern Grodner | 49,182,209 | 99.90 | 49,435 | 0.10 | 49,184,111 | 99.90 | 47,533 | 0.10 |
| Kelly Marshall | 49,137,863 | 99.81 | 93,781 | 0.19 | 49,135,980 | 99.81 | 95,664 | 0.19 |
| Al Mawani | 49,181,539 | 99.90 | 50,105 | 0.10 | 49,182,571 | 99.90 | 49,073 | 0.10 |
| Sheila A. Murray | 48,462,184 | 98.44 | 769,460 | 1.56 | 48,461,185 | 98.44 | 770,459 | 1.56 |
| Emily Pang | 49,154,843 | 99.84 | 76,801 | 0.16 | 49,153,941 | 99.84 | 77,703 | 0.16 |
| Jennifer Warren | 49,191,942 | 99.92 | 39,702 | 0.08 | 49,191,571 | 99.92 | 40,073 | 0.08 |
| Votes | % | Votes | % | |
| Re-appointment of Deloitte LLP as Auditors of Granite REIT | 49,445,325 | 99.87 | 64,723 | 0.13 |
| Re-appointment of Deloitte LLP as Auditors of Granite GP and authorization of the directors of Granite GP to fix the remuneration of Deloitte LP | 49,444,857 | 99.87 | 65,190 | 0.13 |
| Votes | % | Votes | % | |
| Non-binding advisory resolution on Granite’s approach to executive compensation | 47,629,304 | 96.75 | 1,602,340 | 3.25 |
| Votes | % | Votes | % | |
| Special resolution approving the arrangement resolution of Granite REIT, as described in Appendix "C" to the Circular | 49,043,705 | 99.62 | 187,839 | 0.38 |
| Votes | % | Votes | % | |
| Special resolution approving the arrangement resolution of Granite GP, as described in Appendix "C" to the Circular | 49,034,278 | 99.60 | 197,366 | 0.40 |
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 63.3 million square feet of leasable area.