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Edmonton, Alberta, May 19, 2022 (GlobeNewswire) – Melcar Developments Limited (TSX: MRD), an Alberta-based real estate development and asset management company, announced the results of its Annual General Meeting (AGM) today. A total of 26,489,850 shares were voted by Proxy, representing 80.68% of the outstanding shares as of the record date. Shareholders have approved all items of business prior to the AGM, including the selection of managers as follows:
| Nominee | % Votes for | % Votes suspended |
| Douglas Goss | 95.97 | 4.03 |
| Andrew Melton | 94.97 | 5.03 |
| Kathleen Melton | 94.96 | 5.02 |
| Timothy Melton | 95.99 | 4.01 |
| Bruce Penk | 96.15 | 3.85 |
| Janet Reopel | 99.91 | 0.09 |
| Katherine Rugen | 95.13 | 4.87 |
| Ralph Young | 95.08 | 4.92 |
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About Melkar Development Limited
Melkar is a diversified real estate development and asset management company with a rich tradition of real estate innovation since 1923.
Through the integrated operating division, Melkar manages the entire life cycle of real estate development: raw land acquisition, community planning, construction and development and revenue generating offices, retail and residential asset management. Melkar develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail trade centers and golf courses.
Melkar is committed to creating a community that enriches the quality of life – a community where people live, work, shop and play sports.
