HALIFAX,
NS, April 17, 2024 /CNW/ - G2S2 Capital
Inc. ("G2S2") announces today that its wholly-owned
subsidiary, Armco Alberta Inc. (the "Concerned Unitholder"),
has filed and commenced mailing of a proxy circular (the
"Circular") and BLUE form of proxy for the nomination of two
highly-experienced and independent trustees to be elected to the
board of trustees of Slate Office REIT (the "REIT") at the
upcoming annual meeting of unitholders of the REIT (the
"Meeting") to be held at 11:30 a.m.
(EDT) on May 3, 2024.
The Concerned Unitholder's proposed trustee nominees are
Scott Dorsey and Brian Luborsky (collectively, the "Concerned
Unitholder Nominees"). The Concerned Unitholder Nominees have
each consented to being nominated by the Concerned Unitholder and
acting as trustees of the REIT, if elected. The Concerned
Unitholder has filed a notice of its nominations with the REIT in
compliance with the advance notice provisions contained in the
REIT's amended and restated declaration of trust.
As of March 15, 2024, being the
record date for the Meeting (the "Record Date"), the
Concerned Unitholder beneficially owned or exercised control or
direction over an aggregate of 15,110,200 units of the REIT (the
"Units"), representing approximately 19% of the 80,049,062
Units outstanding as of the Record Date (on a non-diluted
basis).
Unitholders are urged to read the Circular and return their
completed BLUE form of proxy or voting instruction form to Morrow
Sodali, the Concerned Unitholder's proxy solicitation agent, prior
to 5:00 p.m. (EDT) on April 30, 2024. Even if you
have already voted using a management proxy
or voting instruction form, you have every
right to change your vote and support the nomination of the
Concerned Unitholder
Nominees. A later-dated BLUE form of proxy
or voting instruction form automatically revokes any and all
previously submitted forms of proxy or voting instruction forms.
The Circular and BLUE form of proxy are filed on SEDAR+ at
www.sedarplus.ca under the REIT's profile.
Unitholders that have questions or need assistance with voting,
should contact Morrow Sodali for assistance by phone toll-free at
1.888.777.2094 or by email at
assistance@morrowsodali.com.
Further background information with respect to the Concerned
Unitholder Nominees is set forth below:
Scott Dorsey
Scott Dorsey has served as the
managing director of Marckenz Group Limited since 2008. Mr. Dorsey
has spent over 25 years in the investment banking industry with
leading and international firms. Prior to founding Marckenz, Mr.
Dorsey spent 12 years at Scotia Capital, serving in such roles as
industry head of the communications, media and technology
investment banking group and managing director of the mergers and
acquisitions group. Prior to joining Scotia Capital, Mr. Dorsey was
a vice president in mergers and acquisitions at Rothschild Canada
and began his career at Merrill Lynch. Mr. Dorsey holds a Bachelor
of Mathematics in Computer Science from the University of Waterloo and a Masters of Business
Administration from the University of Western
Ontario. Mr. Dorsey currently sits on several other private
company boards of directors.
As CEO of Sim Digital, Mr. Dorsey was responsible for overseeing
a business unit which leased of a portfolio of more than 600,000
square feet of studio space, located in Ontario and British
Columbia, to film and television industry clients. Mr.
Dorsey is currently overseeing the proposed development of a
15-acre site in Mississauga
Ontario, to ultimately build more than one million square
feet of premium studio and ancillary space to lease to the film and
television industry.
Brian Luborsky
Brian Luborsky has served as the
Chairman of Beauty Express Canada Inc. since 2013. Mr. Luborsky has
more than 40 years of business-related experience. Mr. Luborsky
currently serves on the board of Art in Motion and Triumph Gear
Systems. Mr. Luborsky holds a Bachelor of Commerce degree
from the University of Toronto and a
Masters of Business Administration degree from Harvard Business School Executive Education. He is
also a member of the Canadian Institute of Chartered
Accountants.
About G2S2
G2S2 Capital Inc. is a privately held investment holding company
focused on creating value across a variety of businesses with a
long term horizon. G2S2 is incorporated under the laws of
Canada. G2S2 is controlled by
George and Simé Armoyan.
Additional Information
This news release is issued in connection with a solicitation of
proxies by or on behalf of the Concerned Unitholder and not by or
on behalf of management of the REIT. The Concerned Unitholder has
filed the Circular, which contains certain important prescribed
information concerning the Concerned Unitholder and the Concerned
Unitholder Nominees. The Circular and BLUE form of proxy are
available on the REIT's SEDAR+ profile at www.sedarplus.ca.
Cautionary Statement Regarding
Forward-Looking Information
Certain statements contained in this press release constitute
forward-looking statements. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions are intended to identify
forward-looking statements. These statements are based on the
current expectations of the Concerned Unitholder and currently
available information. They are not guarantees of future
performance, involve certain risks and uncertainties that are
difficult to predict, and are based upon assumptions as to future
events that may not prove to be accurate. The forward-looking
statements included in this press release are made as of the date
hereof and the Concerned Unitholder undertakes no obligation to
publicly update or revise forward-looking statements, other than as
required by applicable securities law.
SOURCE G2S2 Capital Inc.