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Rocky Mountain Announces Results of Special Meeting: Shareholders Approve Proposed Arrangement with 2223890 Alberta Ltd.
Calgary, Alberta--(Newsfile Corp. - December 17, 2020) -  Rocky Mountain Dealerships Inc....
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[{"type":"text","content":"Rocky Mountain Announces Results of Special Meeting: Shareholders Approve Proposed Arrangement with 2223890 Alberta Ltd.Calgary, Alberta--(Newsfile Corp. - December 17, 2020) -  Rocky Mountain Dealerships Inc. (TSX: RME) (\"RME\" or the \"Company\") is pleased to announce that, at the special meeting of shareholders of the Company held earlier today (the \"Meeting\"), the shareholders of the Company voted in favour of a special resolution to approve the proposed arrangement (the \"Arrangement\") involving the Company and 2223980 Alberta Ltd., as further described in the press release issued by the Company on November 2, 2020. The Arrangement required approval by 66⅔% of the votes cast by shareholders present in person (virtually) or represented by proxy at the Meeting. A total of 14,219,896 RME common shares, representing approximately 73.8% of the outstanding RME common shares, were represented in person (virtually) or by proxy at the Meeting. Of the votes cast with respect to the Arrangement, an aggregate of 10,277,407 RME common shares were voted in favour of the Arrangement, representing approximately 72.3% of the votes cast on the resolution and approximately 66.2% of the votes excluding votes required to be excluded for purposes of determining majority of the minority approval in accordance with applicable securities laws. It is anticipated that the Arrangement will be completed as soon as practicable following receipt of the final order of the Court of Queen's Bench of Alberta (the \"Court\"), which is expected to be obtained on or about December 18, 2020, and following the satisfaction and waiver of all other conditions precedent to the Arrangement, including receipt of all required third party consents to the Arrangement. Following completion of the Arrangement, it is anticipated that RME's common shares will be de-listed from the Toronto Stock Exchange. Further information about the Arrangement is set forth in the materials prepared by RME in respect of the Meeting, which were mailed to RME shareholders and filed under RME's profile on SEDAR at www.sedar.com. About Rocky Mountain Dealerships Inc. (TSX: RME)RME is Canada's largest agriculture equipment dealer with branches located throughout Alberta, Saskatchewan, and Manitoba. Through its dealer network, RME sells, rents, and leases new and used agriculture...