April 22, 2022
VANCOUVER, BC – Tribe Property Technologies (TSXV: TRBE) (OTCQB: TRPTF) (“Tribe” or the “Company”) has released the results of the voting at its April 22, 2022 annual general and special meeting (the “Meeting”) of shareholders.
Board Size
At the Meeting, the special resolution to fix the number of Directors to six was passed.
Election of Directors
Each of the nominee directors listed in the Company proxy circular dated March 14, 2022 was elected as a director. The voting results for the six directors nominated for election are set forth in the attached table:
| Votes For | Votes Withheld | |||
| Nominee | Number of Votes | Percentage | Number of Votes | Percentage |
| Joseph Nakhla | 15,175,688 | 99.956% | 6,650 | 0.044% |
| Raymond Choy | 15,175,688 | 99.956% | 6,650 | 0.044% |
| Charmaine Crooks | 15,182,338 | 100.000% | 0 | 0.000% |
| Andrew Kiguel | 15,182,338 | 100.000% | 0 | 0.000% |
| Michael Willis | 13,694,038 | 90.197% | 1,488,300 | 9.803% |
| Sanjiv Samant | 13,694,038 | 90.197% | 1,488,300 | 9.803% |
In addition to the return of the Company’s five current Board Members, shareholders elected a new member, Sanjiv Samant, to the Board of Directors at the Meeting.
“We are pleased to welcome Sanjiv Samant to the Board,” shared Tribe CEO Joseph Nakhla. “During Mr. Samant’s professional career spanning more than two decades, he has advised a wide variety of Canadian growth companies on M&A, IPO and capital raising initiatives, including leading transactions for several of the most prominent public software-as-a-service companies in Canada.”
Mr. Samant joined Round13 Capital at the beginning of 2020 to establish the Round13 Growth Fund as a Founder and Managing Partner. Round 13 was the lead investor in the Company’s recent January 2022 private placement.
Appointment of Auditor
At the Meeting, Dale Matheson Carr-Hilton Labonte LLP was appointed as auditor of the Company for the ensuing year and the Directors were authorized to fix the remuneration to be paid to the auditor.
Amended Stock Option Plan
At the Meeting, the resolution to approve the amended stock option plan was approved.
About Tribe Property Technologies
Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe’s integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe’s business is composed of three revenue pillars: software and services (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnerships (smart building products, financial and insurance service).
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe’s platform decreases customer acquisition costs, increases retention and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.
ON BEHALF OF THE BOARD
“Joseph Nakhla”
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1155 West Pender Street, Suite 419
Vancouver, British Columbia
V63 2P4
(604) 343-2601
joseph.nakhla@tribetech.com
For further information, contact:
Jim Defer
Chief Financial Officer
Tribe Property Technologies
jim.defer@tribetech.com
604-398-4030
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-looking statements or information in this news relate may relate to statements with respect to: the aims and goals of the Company; financial projections; growth plans including future prospective consolidation in the property management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company’s platform; and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. The Company does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
