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RICHARDS PACKAGING INCOME FUND ANNOUNCES UNITHOLDER APPROVAL OF CONVERSION TO A CORPORATION AND SECURITY-BASED COMPENSATION PLAN
RICHARDS PACKAGING INCOME FUND ANNOUNCES UNITHOLDER APPROVAL OF CONVERSION TO A CORPORATION AND S...
About this update from Richards Group Inc.
[{"type":"text","content":"\n\n\n\nRICHARDS PACKAGING INCOME FUND ANNOUNCES UNITHOLDER APPROVAL OF CONVERSION TO A CORPORATION AND SECURITY-BASED COMPENSATION PLAN\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.prngen2{\nPADDING-RIGHT:0.83em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Dec. 11, 2025 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the \"Fund\" or \"Richards Packaging\") announced today that at its special meeting of unitholders of the Fund (\"Unitholders\") held earlier today, the Unitholders approved the previously announced: (i) proposed conversion of the Fund from an unincorporated, open-ended, limited purpose trust to a corporation, pursuant to a statutory plan of arrangement involving the Fund and Richards Group Inc. (\"RGI\") under the Business Corporations Act (Ontario) and the Trustee Act (Ontario) (the \"Arrangement\"); and (ii) adoption of a security-based compensation plan (the \"RGI Incentive Plan\") by RGI.\nThe detailed results of the votes held at the special meeting of Unitholders regarding the Arrangement and the RGI Incentive Plan are set out below. These results reflect voting of 82.3% of all trust units outstanding, either by proxy or in person.\nVotes For\nPercent\nVotes Against\nPercent\nArrangement\n9,290,406\n99.55 %\n42,131\n0.45 %\nRGI Incentive Plan\n8,826,747\n94.59 %\n505,120\n5.41 %\nCompletion of the Arrangement remains subject to the satisfaction of certain conditions precedent, including, without limitation, receipt of a final order of the Ontario Superior Court of J...