Nobel REIT Announces Re election of Trustees at Annual General and special meeting

Nobel Real Estate Investment Trust  announces the results of the REIT's annual general and special meeting of unitholders held on June 26, 2014 .
 
A combined total of 11,230,326 trust units and special voting units  were represented at the Meeting, or 32.55% of the issued and outstanding voting securities of the REIT. Unitholders voted in favour of all items of business before the Meeting by an overwhelming majority, including the election of all trustee nominees proposed by management and the approval of RFA Nobel Limited Partnership ("RFA"), an affiliate of RFA Capital Partners Inc., as a new "Control Person" of the REIT, as defined under the policies of the TSX Venture Exchange .
 
Each of the following nine trustee nominees proposed by management were elected to the REIT's board of trustees, each with the support of over 97.60% of the votes cast in respect of the individual motions for their election:  Jean Teasdale, Bernard Grandmont, Jean-Guy Parent, Yves Maurais, Jacques Girard, Serge Riopel, Alfred Corriveau, Denis Perreault and Ben Rodney.
 
At the Meeting, unitholders also approved and authorized:
 
the reappointment of Deloitte S.E.N.C.R.L./s.r.l., Chartered Professional Accountants as auditor of the REIT; a consolidation of the issued and outstanding Units of the REIT on the basis of one post-consolidation Unit for each ten pre-consolidation Units (the "Consolidation"); the emergence of RFA as a new "Control Person" of the REIT, in anticipation of the closing of the REIT's private placement to be completed for gross proceeds of $10-million (the "Offering"), as further described in the REIT's press releases issued on May 15, 2014 and June 2, 2014; and an amendment to the definition of "Exempt Acquisition" under the REIT's unitholder rights agreement, dated May 30, 2013 (the "Rights Plan Amendment") in order to facilitate the Offering and the creation of the new "Control Person" without triggering the dilutive features of the Rights Plan.
Completion of the Consolidation, the Offering, and the Rights Plan Amendment (collectively, the Transactions") remains subject to a number of conditions, including but not limited to, execution of definitive agreements in respect of the Offering, Exchange acceptance of the Transactions, compliance with applicable securities regulations and Exchange policies, and to standard closing conditions for transactions of this nature.

on June 27, 2014