The Keg Royalties Income Fund Announces Trustee Election Results for its 2024 Unitholder Meeting
May 14 2024 - 5:05PM
The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased
to announce that all of the nominees listed in its information
circular dated March 28, 2024 were elected as trustees of the Trust
at its annual meeting of unitholders held on May 14, 2024 (the
“Meeting”). The results of the voting for each nominee are as
follows:
Nominee |
Votes For |
Votes Withheld |
No. |
% |
No. |
% |
Christopher Charles Woodward |
8,425,352 |
98.41% |
136,255 |
1.59% |
Tim Kerr |
8,553,409 |
99.90% |
8,198 |
0.10% |
In addition, the Fund reports that the
appointment of KPMG LLP as the Fund's auditors for the 2024 fiscal
year was passed by a majority of the votes represented at the
Meeting.
About The Keg Royalties Income
Fund
The Fund is a limited purpose, open-ended trust
established under the laws of the Province of Ontario that, through
The Keg Rights Limited Partnership, a subsidiary of the Fund, owns
certain trademarks and other related intellectual property used by
Keg Restaurants Ltd. (“KRL”). In exchange for use of those
trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg
restaurants included in the royalty pool.
With approximately 10,000 employees, over 100
restaurants and annual system sales exceeding $700 million,
Vancouver-based KRL is the leading operator and franchisor of
steakhouse restaurants in Canada and has a substantial presence in
select regional markets in the United States. KRL continues to
operate The Keg restaurant system and expand that system through
the addition of both corporate and franchised Keg steakhouses. KRL
has been named the number one restaurant company to work for in
Canada in the latest edition of Forbes "Canada's Best Employers
2024" survey, securing thirteenth place in the overall ranking
across all industries in the country.
The Trustees of the Fund have approved the
contents of this press release.
For further information contact:
Investor Relations
Telephone: 604-276-0242
E-mail: InvestorRelations@kegrestaurants.com
https://www.thekeg.com/en/keg-income-fund