Latest news with #VincentChiara
Cision Canada
7 days ago
- Business
- Cision Canada
PROREIT ANNOUNCES VOTING RESULTS AND EXPIRY OF RIGHTS PLAN Français
MONTRÉAL, June 3, 2025 /CNW/ - PRO Real Estate Investment Trust (" PROREIT" or the " REIT") (TSX: is pleased to announce the voting results from its annual meeting of unitholders held on June 3, 2025 in Montréal, Québec. A total of approximately 31.69% of the issued and outstanding voting units of the REIT were represented either in person or by proxy at the meeting, and each of the nine trustee nominees was elected as trustee of the REIT. Based on proxies received prior to the meeting, each trustee was elected by a substantial majority as follows: Trustee Votes For % Votes For Votes Withheld %Votes Withheld James W. Beckerleg (Vice Chair) 18,385,873 96.22 % 721,714 3.78 % Vincent Chiara 18,763,760 98.20 % 343,827 1.80 % Martin Coté (Chair) 18,751,277 98.14 % 356,310 1.87 % Shenoor Jadavji 18,611,428 97.40 % 496,159 2.60 % Gordon G. Lawlor 19,050,680 99.70 % 56,907 0.30 % Kenrick McKinnon 19,047,564 99.69 % 60,023 0.31 % Christine Pound 18,773,239 98.25 % 334,348 1.75 % Deborah Shaffner 19,066,298 99.78 % 41,289 0.22 % Ronald E. Smith 18,093,414 94.69 % 1,014,173 5.31 % The REIT's external auditor was also reappointed at the meeting. Final voting results on all matters voted on at the meeting will be filed under PROREIT's profile on SEDAR+ at Expiry of Rights Plan The REIT also announces that its unitholder rights agreement expired in accordance with its terms following the annual meeting of unitholders. The REIT did not submit the agreement for reconfirmation at the annual meeting, thereby allowing it to expire in accordance with its terms. About PROREIT PROREIT (TSX: is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Founded in 2013, PROREIT owns a portfolio of high-quality commercial real estate properties in Canada, with a strong industrial focus in robust secondary markets. For more information on PROREIT, please visit the website at:
Yahoo
7 days ago
- Business
- Yahoo
PROREIT ANNOUNCES VOTING RESULTS AND EXPIRY OF RIGHTS PLAN
MONTRÉAL, June 3, 2025 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: is pleased to announce the voting results from its annual meeting of unitholders held on June 3, 2025 in Montréal, Québec. A total of approximately 31.69% of the issued and outstanding voting units of the REIT were represented either in person or by proxy at the meeting, and each of the nine trustee nominees was elected as trustee of the REIT. Based on proxies received prior to the meeting, each trustee was elected by a substantial majority as follows: Trustee VotesFor % VotesFor VotesWithheld %VotesWithheld James W. Beckerleg (Vice Chair) 18,385,873 96.22 % 721,714 3.78 % Vincent Chiara 18,763,760 98.20 % 343,827 1.80 % Martin Coté (Chair) 18,751,277 98.14 % 356,310 1.87 % Shenoor Jadavji 18,611,428 97.40 % 496,159 2.60 % Gordon G. Lawlor 19,050,680 99.70 % 56,907 0.30 % Kenrick McKinnon 19,047,564 99.69 % 60,023 0.31 % Christine Pound 18,773,239 98.25 % 334,348 1.75 % Deborah Shaffner 19,066,298 99.78 % 41,289 0.22 % Ronald E. Smith 18,093,414 94.69 % 1,014,173 5.31 % The REIT's external auditor was also reappointed at the meeting. Final voting results on all matters voted on at the meeting will be filed under PROREIT's profile on SEDAR+ at Expiry of Rights Plan The REIT also announces that its unitholder rights agreement expired in accordance with its terms following the annual meeting of unitholders. The REIT did not submit the agreement for reconfirmation at the annual meeting, thereby allowing it to expire in accordance with its terms. About PROREIT PROREIT (TSX: is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Founded in 2013, PROREIT owns a portfolio of high-quality commercial real estate properties in Canada, with a strong industrial focus in robust secondary markets. For more information on PROREIT, please visit the website at: SOURCE PROREIT View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
22-05-2025
- Business
- CBC
Quebec judge approves sale of Lion Electric
A Quebec Superior Court judge has approved the sale of vehicle-maker Lion Electric to a group of Quebec investors. Justice Michel Pinsonnault says the deal is the only option that ensures the struggling manufacturer can keep operating. The consortium of investors is led by Pierre Wilkie, a director of the electric-vehicle company, and Montreal real estate entrepreneur Vincent Chiara. Lion Electric will preserve its manufacturing plant in Saint-Jérôme, Que., where it made electric school buses and trucks, but hundreds of employees will be permanently laid off. The investors made a revised offer after the Quebec government announced last month it would not invest any more public money in the company.
Bloomberg
22-05-2025
- Business
- Bloomberg
Bankrupt Electric Bus Maker Lion Rescued by Quebec Investors
A Quebec judge will approve a transaction aimed at saving Lion Electric Co. from bankruptcy, but shareholders and most creditors will not receive any proceeds. An investor group that includes Montreal real estate tycoon Vincent Chiara will take over the Saint-Jerome, Quebec-based company using a complex legal process called a reverse vesting order. The order keeps keep Lion's certifications intact while eliminating liabilities and unwanted assets.
CTV News
22-05-2025
- Business
- CTV News
Quebec judge approves sale of vehicle-maker Lion Electric to investor group
The Lion Electric Company's lithium-ion battery manufacturing facility in Mirabel, Que., is shown on Sept. 14, 2023. THE CANADIAN PRESS/Christinne Muschi A Quebec Superior Court judge has approved the sale of vehicle-maker Lion Electric to a group of Quebec investors. Justice Michel Pinsonnault says the deal is the only option that ensures the struggling manufacturer can keep operating. The consortium of investors is led by Pierre Wilkie, a director of the electric-vehicle company, and Montreal real estate entrepreneur Vincent Chiara. Lion Electric will preserve its manufacturing plant in St-Jérôme, Que., where it made electric school buses and trucks, but hundreds of employees will be permanently laid off. The investors made a revised offer after the Quebec government announced last month it would not invest any more public money in the company. Lion Electric entered creditor protection in December and has been seeking a buyer since then. This report by The Canadian Press was first published May 22, 2025. The Canadian Press
