Saturday October 25, 2014

Shareholders hand in proxy votes

Review photo 3898 — Greg Nikkel

Dave Beach and Davin Mainil, at left, accept proxy votes for the Weyburn Inland Terminal from Weyburn-area farmers Dave Geiger (centre) and Adrienne Sidloski on Friday, as Brent Kosior looks on. In the foreground are numerous folders all holding proxy vote forms submitted by shareholders in the Inland Terminal. WIT is holding a vote of shareholders on Friday, Feb. 28, where they will vote on an offer made by Canadian grain company Parrish & Heimbecker to buy all of WIT’s outstanding shares at a price of $17.25 per share. A dissident group of shareholders, called the WIT Shareholders Group, is seeking to keep WIT as a locally-owned and operated terminal, and are seeking proxy votes from shareholders who will not be able to attend the vote on Friday at McKenna Hall. In order for the sale to be approved, it has to be approved by fully two-thirds of the shares represented in person or by proxy.


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