|By Marketwired .||
|August 15, 2014 05:49 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 08/15/14 -- Nobel Real Estate Investment Trust (TSX VENTURE: NEL.UN) ("Nobel REIT" or the "REIT") announces that effective as of the opening on August 20, 2014 (the "Effective Date") the consolidated trust units of the REIT (the "Trust Units") will commence trading on the TSX Venture Exchange (the "Exchange"), on the basis of one (1) post-consolidation Trust Unit for every ten (10) pre-consolidation Trust Units held (the "Consolidation"). As part of the Consolidation, the issued and outstanding Class B limited partnership units (the "Class B LP Units" and together with the Trust Units, collectively, the "Units") of the REIT's majority owned subsidiary, Nobel REIT Limited Partnership ("Nobel LP"), will also be consolidated on the basis of one (1) post-consolidation Class B LP Unit for every ten (10) pre-consolidation Class B LP Units held.
Unitholder approval of the Consolidation is not required pursuant to the constating documents of either Nobel REIT or Nobel LP, but was voluntarily sought and obtained at the annual general and special meeting of the REIT's unitholders on June 26, 2014. The Consolidation was subsequently approved by directors' resolution on August 13, 2014.
The number of securities of the REIT currently outstanding prior to the Effective Date is 197,566,667 Trust Units, 3,600,000 special voting units, which are attached to the Class B LP Units (the "Special Voting Units"), 16,666,667 trust unit purchase warrants (the "Warrants"), and 1,210,000 options to acquire Trust Units (the "Options"). As of the Effective Date, the REIT will have approximately 19,756,667 Trust Units, 360,000 Special Voting Units, 1,666,667 Warrants, and 121,000 Options outstanding on a post-Consolidation basis.
The number of Class B LP Units currently outstanding prior to the Effective Date is 3,600,000 Class B LP Units. As of the Effective Date, Nobel LP will have approximately 360,000 Class B LP Units outstanding on a post-Consolidation basis.
The new CUSIP and ISIN numbers for the Trust Units and Class B LP Units are as follows:
-------------------------------------------------------------------------- Type of Security CUSIP ISIN -------------------------------------------------------------------------- Trust Units subject to no resale restrictions 65489Y116 CA 65489Y1161 -------------------------------------------------------------------------- Trust Units subject to resale restrictions 65489Y306 CA 65489Y3068 -------------------------------------------------------------------------- Class B LP Units 654890128 CA 6548901280 --------------------------------------------------------------------------
A Letter of Transmittal with respect to the Consolidation will be mailed to the unitholders of the REIT and the Class B LP Unit holders of Nobel LP (collectively, the "Unitholders").
All Unitholders will be required to send their respective certificates representing the pre-Consolidation Units along with a properly completed Letter of Transmittal to the transfer agent of the REIT and Nobel LP, Computershare Investor Services Inc. ("Computershare"), in Toronto, Ontario, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253 or by e-mail to [email protected]). All Unitholders who submit a duly completed Letter of Transmittal along with their respective pre-Consolidation Unit certificate(s) to Computershare, will receive either a post-Consolidation Unit certificate or Direct Registration System (DRS) Advice, as applicable.
Nobel REIT is also pleased to announce today a cash distribution of $0.000509 per trust unit of the REIT, on a post-consolidation basis, for the month of August 2014. The distribution will be payable on September 15, 2014 to unitholders of record as at August 29, 2014.
About Nobel REIT
Nobel REIT is an unincorporated open-ended real estate investment trust governed by the laws of the Province of Quebec. Nobel REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, and industrial and suburban office properties in the primary and secondary markets in the Province of Quebec.
Nobel REIT currently owns four properties located in Quebec, comprising 168,318 square feet of gross leasable area.
Disclaimer - Safe Harbour Forward-Looking Statements
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nobel REIT to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Louis Lemire, CPA, CA
Chief Financial Officer
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 27, 2016 08:45 AM EDT Reads: 713
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 27, 2016 08:00 AM EDT Reads: 593
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 27, 2016 07:45 AM EDT Reads: 647
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 27, 2016 07:45 AM EDT Reads: 768
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 27, 2016 06:15 AM EDT Reads: 2,334
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 27, 2016 03:15 AM EDT Reads: 1,768
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 27, 2016 02:30 AM EDT Reads: 2,001
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 27, 2016 01:45 AM EDT Reads: 1,731
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Aug. 27, 2016 01:30 AM EDT Reads: 2,092
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 27, 2016 01:15 AM EDT Reads: 2,014
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 27, 2016 12:45 AM EDT Reads: 2,936
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Aug. 27, 2016 12:45 AM EDT Reads: 2,151
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 27, 2016 12:15 AM EDT Reads: 2,291
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Aug. 26, 2016 10:45 PM EDT Reads: 2,077
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 26, 2016 10:00 PM EDT Reads: 1,859