Parkit Announces Results of Annual General and Special Shareholders Meeting

Rhea-AI Summary

Parkit (OTC: PKTEF) reported results of its May 21, 2026 annual general and special meeting. Shareholders representing 176,768,203 shares, or 83.40% of eligible votes, were present. All items passed, including auditor reappointment, stock option plan re-approval, and authorization for a potential share consolidation of up to 1-for-20, at the board’s discretion. Six directors were elected, each receiving more than 89% of votes cast.

Positive

• 83.40% of outstanding votes represented at May 21, 2026 meeting
• All management resolutions received shareholder approval
• RSM Canada LLP reappointed as auditor for the ensuing year
• Shareholders re-approved the company’s stock option plan
• Six-member board of directors elected with strong support levels

Negative

• Shareholders authorized a potential share consolidation up to 1-for-20

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - May 25, 2026) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce the results of the annual general and special meeting of the shareholders of Parkit held on May 21, 2026 (the "Meeting"). A total of 71 shareholders holding an aggregate of 176,768,203 common shares of the Company were represented at the Meeting in person or by proxy, representing approximately 83.40% of the total votes attached to all issued and outstanding common shares of the Company as of the record date on April 8, 2026. All matters put forth at the Meeting were approved, including the re-appointment of RSM Canada LLP, as auditors of the Company for the ensuing year, the re-approval of the stock option plan and the approval of the consolidation ("Consolidation") of the issued and outstanding common shares on the basis of one (1) new common share for up to every existing twenty (20) common shares. If the board determines to implement the Consolidation, further information on the implementation date and consolidation ratio will be provided in a further news release.

In respect of the election of directors, the shareholders approved fixing the number of directors to be elected at the Meeting at six members, with each nominee named in the Company's management information circular dated April 8, 2026, being elected as a director. The detailed results of the vote for the election of directors are set out below:

	VOTES FOR	VOTES WITHHELD/ABSTAINED
David Delaney	99.97% (176,392,935)	‎0.03% (46,700)
Brad Dunkley	91.70% (161,800,143)	‎8.30% (14,639,492)
Avi Geller	99.81% (176,110,255)	‎0.19% (329,380)
Iqbal Khan	97.52% (172,068,745)	‎2.48% (4,370,890)
Steven Scott	89.262% (157,485,953)	‎10.74% (18,953,682)
Blair Tamblyn	99.79% (176,075,852)	‎0.21% (363,783)

 

About Parkit Enterprise Inc.
Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).

For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott:

Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ‎policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298679

FAQ

What were the key results of Parkit (PKTEF) May 21, 2026 shareholder meeting?

Parkit reported that all matters at the May 21, 2026 shareholder meeting were approved. According to the company, shareholders backed the auditor reappointment, stock option plan re-approval, a potential share consolidation, and elected six directors with high support levels and strong voter turnout.

How many Parkit (PKTEF) shares were represented at the 2026 annual general and special meeting?

A total of 176,768,203 Parkit common shares were represented at the 2026 meeting. According to the company, this figure equaled approximately 83.40% of all issued and outstanding shares entitled to vote as of the April 8, 2026 record date.

What share consolidation did Parkit (PKTEF) shareholders approve on May 21, 2026?

Shareholders approved a consolidation of Parkit common shares on a basis of one new share for up to every twenty existing shares. According to the company, the board may decide whether to implement the consolidation and will later confirm the effective ratio and timing.

Which directors were elected to the Parkit (PKTEF) board at the 2026 meeting?

Shareholders elected six directors: David Delaney, Brad Dunkley, Avi Geller, Iqbal Khan, Steven Scott, and Blair Tamblyn. According to the company’s vote results, each nominee received at least about 89% of votes cast in favor by represented shareholders.

How did Parkit (PKTEF) shareholders vote on the reappointment of RSM Canada LLP as auditor?

Shareholders approved the reappointment of RSM Canada LLP as Parkit’s auditor for the ensuing year. According to the company, this auditor vote was among the matters that received shareholder support at the May 21, 2026 annual general and special meeting.

Was Parkit (PKTEF) stock option plan approved at the May 2026 shareholder meeting?

Yes, Parkit shareholders re-approved the company’s stock option plan at the May 21, 2026 meeting. According to the company, this plan re-approval was one of several management proposals that received sufficient support from represented shareholders during the voting process.