Scully Royalty Provides Key Update on Postponed General Meeting
In a recent announcement, Scully Royalty Ltd. (NYSE: SRL) officially clarified the situation surrounding the postponement of its annual general meeting (AGM). On December 29, 2025, following a previous release on December 24, the company acknowledged that the AGM had been postponed to facilitate legal proceedings pertaining to the nominations made by MILFAM LLC. The postponement was deemed necessary to allow for a hearing before the Cayman Islands Court of Appeal, ensuring that all parties involved can adequately address the validity of the current nominations.
Scully Royalty aims to ensure transparency and uphold the integrity of the corporate governance process. The company expressed its awareness of MILFAM's recent public statements suggesting plans to proceed with the AGM unilaterally, which Scully Royalty has classified as invalid actions. It reaffirms the significance of following due organizational procedures and has taken steps to reserve its rights against MILFAM's unilateral appointments and actions.
Currently, Scully Royalty’s Board of Directors remains intact, and the AGM has not yet taken place as the company seeks to maintain clear communication with its shareholders. In light of the ongoing legal proceedings and the potential impact on shareholder decisions, Scully Royalty strongly urges its stakeholders to remain vigilant and rely only on official notifications from the company regarding the status of the AGM and any important developments that might arise.
The need for such caution is underscored by the complexities surrounding corporate governance and shareholder rights, especially when contentious nominations and interests are involved. This situation highlights the importance of adhering to official communications to prevent any misinformation from circulating that could lead to confusion or misinterpretation.
As this matter unfolds in the legal arena, Scully Royalty assures its investors and community that it is committed to addressing any concerns about the decision-making processes that govern its operations. The next steps will likely revolve around the court's ruling on the validity of MILFAM's nominations, which will ultimately determine the pathway forward for the AGM and the company’s board structure.
Investors are encouraged to remain informed through the company’s official channels, where further updates concerning the rescheduling of the annual meeting and other relevant information will be communicated. Scully Royalty’s management remains poised to provide clarity and fostering an environment of trust and transparency as they navigate this complex situation, ensuring that all shareholder interests are adequately represented and safeguarded.
Scully Royalty aims to ensure transparency and uphold the integrity of the corporate governance process. The company expressed its awareness of MILFAM's recent public statements suggesting plans to proceed with the AGM unilaterally, which Scully Royalty has classified as invalid actions. It reaffirms the significance of following due organizational procedures and has taken steps to reserve its rights against MILFAM's unilateral appointments and actions.
Currently, Scully Royalty’s Board of Directors remains intact, and the AGM has not yet taken place as the company seeks to maintain clear communication with its shareholders. In light of the ongoing legal proceedings and the potential impact on shareholder decisions, Scully Royalty strongly urges its stakeholders to remain vigilant and rely only on official notifications from the company regarding the status of the AGM and any important developments that might arise.
The need for such caution is underscored by the complexities surrounding corporate governance and shareholder rights, especially when contentious nominations and interests are involved. This situation highlights the importance of adhering to official communications to prevent any misinformation from circulating that could lead to confusion or misinterpretation.
As this matter unfolds in the legal arena, Scully Royalty assures its investors and community that it is committed to addressing any concerns about the decision-making processes that govern its operations. The next steps will likely revolve around the court's ruling on the validity of MILFAM's nominations, which will ultimately determine the pathway forward for the AGM and the company’s board structure.
Investors are encouraged to remain informed through the company’s official channels, where further updates concerning the rescheduling of the annual meeting and other relevant information will be communicated. Scully Royalty’s management remains poised to provide clarity and fostering an environment of trust and transparency as they navigate this complex situation, ensuring that all shareholder interests are adequately represented and safeguarded.
Topics General Business）
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