Concerned Shareholders of Parkit Enterprise Inc. Announce Steps to Reconstitute Board of Directors
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/18/16 -- Richard Baxter, Patrick Bonney and Simon Buckett, key shareholders (collectively, the "Concerned Shareholders") and senior officers of Parkit Enterprise Inc. (the "Company"), announced today that they have provided notice to the Company of their intention, at the Company''s annual general meeting of shareholders to be held on June 21, 2016 (the "Meeting"), to propose resolutions for shareholder approval to (i) fix the number of directors on the Company''s board of directors (the "Board") at four, as opposed to the number of six proposed in the information circular of the Company dated May 10, 2016 (the "Company Circular"), and (ii) elect four directors, including the Company''s President and Chief Executive Officer, Rick Baxter, and three new independent directors, to the Board.
The Concerned Shareholders believe that the Company is poised for rapid growth and will be best positioned to execute on its strategic plan with a four person board of directors that offers the following critical skill sets:
The Concerned Shareholders also believe that decreasing the number of directors from six to four will permit more efficient decision making, will reduce costs and will enhance the Company''s ability to pursue its acquisition and growth strategies in a timely manner.
The Highly Qualified Proposed Nominees
The Concerned Shareholders intend to nominate the four experienced and highly qualified individuals listed below (collectively, the "Proposed Nominees"). The Concerned Shareholders believe that the Proposed Nominees offer the complementary skill sets set out above and have the experience and qualifications necessary to provide the Company with the leadership, stewardship and oversight required to enhance shareholder value and enable management to advance the Company''s interests.
Concerned Shareholders'' Proxy Circular and Voting
Further information relating to the Proposed Nominees and other important information on voting is set out in the Concerned Shareholders'' proxy circular (the "Concerned Shareholders'' Circular") that will be mailed to shareholders, has been filed on SEDAR at and is available at .
The Concerned Shareholders urge you to review the Concerned Shareholders'' Circular and vote the YELLOW proxy form or YELLOW voting instruction form, as applicable, accompanying the Concerned Shareholders'' Circular. Shareholders may vote online, by telephone, by fax or any other applicable voting methods set out in the Concerned Shareholders'' Circular and the voting materials. The Concerned Shareholders urge shareholders to NOT use the proxy or voting instruction form, as applicable, that was included with the Company Circular. Shareholders are urged to discard that proxy or voting instruction form and follow the instructions on the YELLOW proxy form or voting instruction form, as applicable, and submit it by the required time set out in the Concerned Shareholders'' Circular in order to ensure that their votes are counted at the Meeting.
About the Concerned Shareholders
Richard Baxter is the President and Chief Executive Officer of the Company and is a member of the Board. Patrick Bonney is the Chief Investment Officer of the Company. Mr. Buckett is the Chief Financial Officer of the Company. The Concerned Shareholders collectively beneficially own or control 3,072,058 common shares of the Company, representing approximately 9.53% of its outstanding common shares.
Proxy Solicitation
Proxies for the Meeting will be solicited by or on behalf of the Concerned Shareholders pursuant to the Concerned Shareholders'' Circular. Proxies may be solicited by mail, telephone or other electronic means, as well as by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable law. The Concerned Shareholders have retained McCarthy Tetrault LLP as their legal advisor and Laurel Hill Advisory Group as their proxy solicitation agent. In connection with these services, Laurel Hill will receive customary fees (up to $120,000) plus taxes and reasonable out-of-pocket expenses. The costs incurred in such solicitation will be borne by the Concerned Shareholders. However, the Concerned Shareholders intend to seek, subject to the approval of the Board, reimbursement from the Company of certain of the expenses, including certain proxy solicitation expenses and legal fees, in the event that the Board is successfully reconstituted.
Proxies are being solicited and the Concerned Shareholders'' Circular is being provided by and on behalf of the Concerned Shareholders, each in his capacity as a shareholder, and is NOT being provided (i) by or on behalf of the Board or the management of the Company or (ii) by or on behalf of any Concerned Shareholder in his capacity as an employee or officer of the Company.
Proxies may be revoked by registered shareholders (i) by completing and signing a proxy bearing a later date and depositing it in accordance with the instructions set out in the Circular; (ii) by depositing an instrument revoking the proxy executed by the shareholder or by the shareholder''s attorney authorized in writing at the registered office of the Company at Suite 2900 - 595 Burrard Street, Vancouver, BC, V7X 1J5 at any time up to and including the last business day preceding the date of the Meeting, or any adjournment of the Meeting, at which the proxy is to be used, or with the chairman of the Meeting prior to the commencement of the Meeting on the day of the Meeting or any adjournment of the Meeting; or (iii) in any other manner permitted by applicable law. A non-registered shareholder should follow the instructions provided to it by its intermediary to revoke a form of proxy or voting instruction form.
Except as otherwise disclosed in the Concerned Shareholders'' Circular or any documents referenced therein, to the knowledge of each of the Concerned Shareholders, none of the Concerned Shareholders, any of the Proposed Nominees or any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted on at the Meeting.
About the Company
Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across the United States. Its registered office is located at Suite 2900 - 595 Burrard Street, Vancouver, BC, V7X 1J5.
Further Information or Assistance
For more information or if you require assistance with voting, please contact Laurel Hill Advisory Group, proxy solicitation agent for the Concerned Shareholders, at:
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including, without limitation, risks and uncertainties related to actions taken by the Company or shareholders in connection with the Meeting. No assurance can be given that any of the events or outcomes anticipated by any forward-looking statement will occur.
Contacts:
Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Collect Calls Outside North America: 416-304-0211
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 1435904
Anzahl Zeichen: 2048
contact information:
Contact person:
Town:
VANCOUVER, BRITISH COLUMBIA
Phone:
Kategorie:
Construction
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 258 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Concerned Shareholders of Parkit Enterprise Inc. Announce Steps to Reconstitute Board of Directors
"
steht unter der journalistisch-redaktionellen Verantwortung von
Concerned Shareholders of Parkit Enterprise Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
