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TimeBuilderon Aug 19, 2017 3:01pm
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More NewsLooks like WE will get to VOTE ! GLTA, TimeBuilder OneREIT Obtains Interim Order for Plan of Arrangement
Friday, August 18, 2017
OneREIT Obtains Interim Order for Plan of Arrangement
10:52 EDT Friday, August 18, 2017
TORONTO, ONTARIO--(Marketwired - Aug. 18, 2017) - OneREIT (TSX:ONR.UN) announced today that it has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) (the "Interim Order") with respect to OneREIT's previously announced plan of arrangement involving, among others, OneREIT, Smart Real Estate Investment Trust and Strathallen Acquisitions Inc. (the "Transaction").
The Interim Order, among other things, authorizes OneREIT to call and hold a special meeting of OneREIT unitholders to consider the Transaction (the "Meeting"). In accordance with the Interim Order, the Meeting will be held on September 25, 2017 with a record date of August 18, 2017.
In connection with the Meeting, OneREIT expects to mail a management information circular to OneREIT unitholders on or about September 1, 2017. The circular will also be available on SEDAR under OneREIT's profile at www.sedar.com.
OneREIT also announced today that, together with SmartREIT, it has agreed to amend and restate the arrangement agreement previously entered into on August 4, 2017 to make certain technical changes. A full copy of the amended and restated arrangement agreement has been made available on SEDAR under OneREIT's profile at www.sedar.com.