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Melcor Announces Annual General Meeting Voting Results

EDMONTON, Alberta, May 20, 2021 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the results of its annual general meeting (AGM), held today. A total of 25,064,984 shares (64 shareholders) were voted in person or by proxy, representing 75.75% of the outstanding shares as of the record date. Shareholders approved all items of business before the AGM, including the election of directors as follows:

Nominee

% Votes For

% Votes Withheld

Douglas Goss

99.85%

0.15%

Ross Grieve

95.38%

4.62%

Andrew Melton

96.25%

3.75%

Kathleen Melton

96.50%

3.50%

Timothy Melton

95.32%

4.68%

Bruce Pennock

99.81%

0.19%

Catherine Roozen

96.50%

3.50%

Ralph Young

95.17%

4.83%

About Melcor Developments Ltd.

Melcor is a diversified real estate development and asset management company with a rich heritage of innovation in real estate since 1923.

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Through integrated operating divisions, Melcor manages the full life cycle of real estate development: acquiring raw land, community planning, construction and development, and managing revenue-producing office, retail and residential assets. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses.

Melcor is committed to building communities that enrich quality of life – communities where people live, work, shop and play.

CONTACT: Contact Information: Nicole Forsythe Director, Corporate Communications 780-945-4707 ir@melcor.ca