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Medical Facilities Corporation Approves Advance Notice Policy
Medical Facilities Corporation Approves Advance Notice Policy Medical Facilities C...
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[{"type":"text","content":"\n\n\n\nMedical Facilities Corporation Approves Advance Notice Policy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMedical Facilities Corporation Approves Advance Notice Policy\nCanada NewsWire\nTORONTO, March 24, 2016\n\n\n\nTORONTO, March 24, 2016 /CNW/ - The board of directors of Medical Facilities Corporation (TSX: DR) (\"Medical Facilities\" or the \"Company\") has approved an advance notice policy (the \"Policy\"). The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors, which will facilitate an orderly and efficient meeting process, ensure that all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees and allow shareholders to register an informed vote.\n\nThe Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.\n\nIn the case of an annual meeting of shareholders, notice to the Company must be received not less than 30 days prior to the date of the annual meeting; provided, however, that if (i) an annual meeting of shareholders is called for a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice must be received not later than the close of business on the 10th day following the date on which the public announcement of the date of the annual meeting is first made, and (ii) the Company uses \"notice-and-access\" to send proxy-related materials to shareholders in connection with an annual meeting, notice must be received not less than 40 days prior to the date of the annual meeting. \n\nIn the case of a special meeting of shareholders (which is not also an annual meeting) called for the purpose of electing directors (whether or not called for other purposes) notice t...