Latest news with #StorageVault
Hamilton Spectator
24-06-2025
- Business
- Hamilton Spectator
StorageVault Completes the Purchase of 8 Assets for $71.9 Million
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. ('StorageVault') (SVI-TSX) is pleased to announce that, further to its April 23, 2025 news release, it has completed the acquisition of seven stores and one adjacent vacant parcel of land (collectively, the 'Acquisitions') from six vendor groups (collectively, the 'Vendors'), for an aggregate purchase price of $71.9 million. Six of the Acquisitions are arm's length and two, totaling $21.9 million, are related party acquisitions (the 'Related Party Acquisitions') with Access Self Storage Inc. ('Access') as the Vendor. The aggregate purchase price for the Acquisitions in the amount of $71.9 million, subject to customary adjustments, was paid with funds on hand, a promissory note and mortgage financing. The balance of the $126.2 million of transactions announced on April 23, 2025 are expected to close in Q3. Exemption from MI 61-101 As Access is a non-arm's length party to StorageVault, the Related Party Acquisitions are considered a 'related party transaction' under Multilateral Instrument 61-101 - ' Protection of Minority Security Holders in Special Transactions ' ('MI 61-101'). StorageVault relied on exemptions from the formal valuation and minority approval requirements of MI 61-101, in respect of the Related Party Acquisitions, pursuant to Section 5.5(a) and Section 5.7(1)(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101. About StorageVault Canada Inc. StorageVault owns and operates 258 storage locations across Canada. StorageVault owns 228 of these locations plus over 5,000 portable storage units representing over 12.9 million rentable square feet on over 752 acres of land. StorageVault also provides last mile storage and logistics' solutions and professional records management services, such as document and media storage, imaging and shredding services. For further information, contact Mr. Steven Scott or Mr. Iqbal Khan: Tel: 1-877-622-0205 ir@ Follow us: Instagram: @accessstorageca @depotiumminientrepot @sentinelstorageca @cubeitportablestorage Facebook: /AccessStorageCA /Depotium /SentinelStorageCanada /Cubeit /FlexSpaceLogistics
Globe and Mail
22-05-2025
- Business
- Globe and Mail
StorageVault Announces Results of Annual General And Special Shareholders Meeting
TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (' StorageVault ') (SVI-TSX) is pleased to announce the results of the annual general and special meeting of the shareholders of StorageVault held on May 21, 2025 (the ' Meeting '). A total of 225 shareholders holding an aggregate of 289,507,285 common shares of the Corporation were represented at the Meeting in person or by proxy, representing approximately 79.3% of the total votes attached to all issued and outstanding common shares of the Corporation as of the record date on April 11, 2025. All matters put forth at the Meeting were approved, including the re-appointment of MNP LLP, Chartered Accountants, as auditors of the Corporation for the ensuing year, the approval of the unallocated options under the Corporation' stock option plan and the approval of the amended equity incentive plan of the Corporation. 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 Corporation's management information circular dated April 2, 2025 being elected as a director. The detailed results of the vote for the election of directors, which was conducted by ballot, are set out below: VOTES FOR VOTES WITHHELD/ABSTAINED Benjamin Harris 89.954% (259,992,800) 10.046% (29,036,700) Iqbal Khan 85.374% (246,755,820) 14.626% (42,273,680) Deborah Robinson 99.921% (288,801,507) 0.079% (227,993) Steven Scott 90.657% (262,024,817) 9.343% (27,004,683) Alan A. Simpson 91.136% (263,410,139) 8.864% (25,619,361) Mary Vitug 99.885% (288,697,676) 0.115% (331,824) About StorageVault Canada Inc. As of March 31, 2025, StorageVault owned and operated 251 storage locations across Canada. StorageVault owns 221 of these locations plus over 5,000 portable storage units representing over 12.7 million rentable square feet on over 728 acres of land. StorageVault also provides last mile storage and logistics' solutions and professional records management services, such as document and media storage, imaging and shredding services. For further information, contact Mr. Steven Scott or Mr. Iqbal Khan:
