Slate Office REIT Announces Yew Grove Shareholder Approval to Acquire C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland

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TORONTO, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announces today that the Scheme of Arrangement¹ in respect of the REIT’s Firm Offer² to acquire all of the issued and outstanding shares of Yew Grove REIT plc (an Irish-incorporated real estate investment trust that is dual-listed on Euronext Dublin (Ireland) and the AIM market of the London Stock Exchange) (“Yew Grove”), for cash consideration of €1.017 per share (the "Proposed Acquisition"), together with certain related matters, were approved at the specially convened meetings of the shareholders of Yew Grove held on 23 December 2021 (GMT).