HOUSTON, Aug. 7, 2017 /PRNewswire/ -- Parkway, Inc.
("Parkway") (NYSE:PKY) announced today that it will hold a Special
Meeting of its Stockholders (the "Special Meeting") on Monday, September 25, 2017, at 1:00 p.m. Central Time, at 5847 San Felipe
Street, Houston, Texas
77057. At the Special Meeting, Parkway's stockholders will be
asked to consider and vote on a proposal to approve the previously
announced merger of Parkway with affiliates of Canada Pension Plan
Investment Board ("CPPIB"), with Parkway surviving such
merger, and the other transactions contemplated by the related
merger agreement and a proposal to adjourn the Special Meeting if
there are not sufficient votes at the Special Meeting to approve
the merger proposal. The record date for determination of
stockholders entitled to vote at the Special Meeting has been set
as the close of business on Monday, August
7, 2017.
About Parkway
Parkway, Inc. is an independent,
publicly traded, self-managed real estate investment trust ("REIT")
that owns and operates high-quality office properties located in
attractive submarkets in Houston,
Texas. As of June 30, 2017,
our portfolio consists of five Class A assets comprising 19
buildings and totaling approximately 8.7 million rentable square
feet in the Greenway, Galleria and Westchase submarkets of
Houston.
Forward Looking Statements
Certain statements
contained in this press release, including those that express a
belief, expectation or intention, as well as those that are not
statements of historical fact, are forward-looking statements
within the meaning of the federal securities laws and as such are
based upon Parkway's current beliefs as to the outcome and timing
of future events. There can be no assurance that actual future
developments affecting Parkway will be those anticipated by
Parkway. Parkway cautions investors that any forward-looking
statements presented in this press release are based on
management's beliefs and assumptions made by, and information
currently available to, management. When used, the words
"anticipate," "assume," "believe," "estimate," "expect,"
"forecast," "guidance," "intend," "may," "might," "plan,"
"potential," "should," "will," "result" or similar expressions that
do not relate solely to historical matters are intended to identify
forward-looking statements. You can also identify forward-looking
statements by discussions of strategy, plans or intentions.
Forward-looking statements involve risks and uncertainties (some of
which are beyond Parkway's control) and are subject to change based
upon various factors, including but not limited to the following
risks and uncertainties: the ability of Parkway to obtain required
stockholder approval required to consummate the proposed merger;
the satisfaction or waiver of other conditions in the merger
agreement; the outcome of any legal proceedings that may be
instituted against Parkway and others related to the merger
agreement; the risk that the merger, or the other transactions
contemplated by the merger agreement may not be completed in the
time frame expected by the parties or at all; the ability of
Parkway to implement its operating strategy; changes in economic
cycles; and competition within the office properties real estate
industry; and other risks and uncertainties detailed from time to
time in Parkway's Securities and Exchange Commission filings.
Should one or more of these risks or uncertainties occur, or
should underlying assumptions prove incorrect, Parkway's business,
financial condition, liquidity, cash flows and results could differ
materially from those expressed in any forward-looking statement.
While forward-looking statements reflect Parkway's good faith
beliefs, they are not guarantees of future performance. Any
forward-looking statement speaks only as of the date on which it is
made. New risks and uncertainties arise over time, and it is not
possible for us to predict the occurrence of those matters or the
manner in which they may affect us. Except as required by law,
Parkway undertakes no obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes.
Additional Information About the Proposed Transaction and
Where to Find It
In connection with the proposed
transactions, Parkway expects to file with the SEC a proxy
statement, which proxy statement will be mailed or otherwise
disseminated to Parkway's stockholders when it becomes available.
Parkway also plans to file other relevant documents with the SEC
regarding the proposed transactions. INVESTORS ARE URGED TO READ
THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. You may obtain a free copy of the proxy
statement (if and when it becomes available) and other relevant
documents filed by Parkway with the SEC at the SEC's website at
www.sec.gov. Copies of the documents filed by Parkway will be
available free of charge on its website at www.pky.com, or by
directing a written request to Parkway, Inc., One Orlando Centre,
800 North Magnolia Avenue, Suite 1625, Orlando, Florida 32803, Attention: Investor
Relations.
Parkway and its directors and executive officers may be deemed
to be participants in the solicitation of proxies in respect of the
proposed transactions. You can find information about the Parkway's
directors and executive officers in Parkway's definitive proxy
statement filed with the SEC on April 5,
2017 in connection with its 2017 annual meeting of
stockholders. Additional information regarding the interests of
such potential participants will be included in the proxy statement
and other relevant documents filed with the SEC if and when they
become available. You may obtain free copies of these documents
from Parkway using the sources indicated above.
Contact:
Thomas Blalock
Vice President, Finance & Capital Markets
(407) 581-2915
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SOURCE Parkway, Inc.
