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20. For the applicant corporation, provide on a separate sheet and attach:
(a) the parcel number, arable land acreage and non-arable land acreage of each parcel of land
1
in the province
now owned, leased in or leased out by the corporation (including global leases);
(b) the names and permanent address of each officer and director of the corporation;
(c) the total number of shares
2
issued by the applicant corporation;
(d) the names, addresses and number of shares held by shareholders, both corporate and individual, who hold
more than 5% of the issued shares of the applicant corporation;
(e) for each of the shareholders listed in clause (d) above provide:
(i) the parcel number, arable land acreage and non-arable land acreage of each parcel of land
1
in the province
now owned, leased in or leased out by each shareholder (including holdings of minor children); and
(ii) the parcel number, arable land acreage and non-arable land acreage of each parcel of land
1
in the province
now owned, leased in or leased out by any other corporation in which each shareholder owns more than 5%
of the shares, total number of shares issued by that corporation and number of shares held by that
shareholder;
(f) if any of the shareholders listed in clause (d) above are corporations, provide for each shareholder corporation:
(i) the names and permanent address of each officer and director;
(ii) the names, addresses and number of shares held by shareholders, both corporate and individual, who hold
more than 5% of the issued shares;
(iii) the parcel number, arable land acreage and non-arable land acreage of each parcel of land
1
in the province
now owned or leased by each shareholder that owns more than 5% of the shares, total number of shares
issued by that corporation and number of shares held by that shareholder;
(g) if the applicant corporation holds more than 5% of the shares in any other corporation(s), provide the following
for each corporation:
(i) the percentage of shares held by the applicant corporation; and
(ii) the parcel number, arable land acreage and non-arable land acreage of each parcel of land
1
in the province
now owned, leased in or leased out.
1
The Act excludes any parcel of land of one acre or less that is situated within the boundaries of a municipality with an official plan approved by the
Minister under the Planning Act, R.S.P.E.I., Cap P-8.
2
“share" means
(i) in relationship to a partnership or co-operative association, a unit representing a proportion of the ownership of the partnership or association;
(ii) in relation to a corporation, an issued share carrying voting rights under all circumstances or by reason of the occurrence of an event that has
occurred and that is continuing, and includes
(A) a security currently convertible into such a share, and
(B) currently exercisable options and rights to acquire such a share or such a convertible security.
21. Are each of the shareholders listed in 20(d) and (f) a resident person as defined by subsection 1.(1.01) of the Act?
_____ If not, a Form 1 application may be required, pursuant to section 4 of the Act, and application fee (when
applicable) for any shareholder who is not a resident person.
22. If any shareholder is a trust, provide on a separate sheet and attach:
(a) the names and land holdings, including parcel numbers and acreages of the trustee(s) of the trust;
(b) if the trust is non-discretionary, the names and land holdings, including parcel numbers and acreages, of the
beneficiaries of the trust; or
(c) if the trust is discretionary, file
(i) a copy of the trust agreement;
(ii) an affidavit with an attached copy of the sections of the trust agreement that grants the discretion to the
trustee(s); or
(iii) a legal opinion signed by a solicitor licensed to practice law in Prince Edward Island confirming the trust is
discretionary.
23. Details of advertising of the land on the local real estate market may be required. Refer to the Administrative
Guidelines for Advertising Land for more information. Where applicable, provide the response to one of the
following:
(a) If the parcel was listed through a local real estate company, state the following:
(i) real estate company:
(ii) was a for sale sign displayed on each parcel?_______ If not, provide reasons:
(iii) date the listing agreement began:
(iv) date the listing agreement expires or expired:
(v) list price:
(vi) details of interest expressed by residents of the province, including offers that were made and the reasons
that those offers were not accepted:
____________________________________________________________________________________
____________________________________________________________________________________
(b) If the parcel was not listed with a local real estate company, explain how the parcel was suitably
advertised as outlined in the Administrative Guidelines for Advertising Land. Also, provide details of any
interest expressed by residents of the province, including offers that were made and the reasons that those
offers were not accepted:
________________________________________________________________________________________
________________________________________________________________________________________
(c) If the parcel was not suitably advertised, provide a submission explaining why the advertising requirements
should be waived:
________________________________________________________________________________________
________________________________________________________________________________________
24. State any other circumstances that are relevant:
____________________________________________________________________________________________
