"Amir has an impressive track record in accelerating growth and creating shareholder value as an investor and capital markets leader," said
The Company also announces the results of the matters voted upon at the Company's fiscal 2019 Annual and Special Meeting of Shareholders ("AGM") held on
Shareholders voted in favour of all items of business and each item of business was approved by the requisite number of votes. The matters included the election of the Board of Directors, the appointment of auditors, and the approval of the Company's amended and restated stock option plan. The total number of shares represented, either in person or by proxy, totaled 11,211,257 or 43.42%. The voting results are detailed below.
1) The Election of the Board of Directors
Votes FOR | % | Votes WITHHELD | % | |
10,847,180 | 99.38 | 67,200 | 0.62 | |
10,817,380 | 99.11 | 97,000 | 0.89 | |
10,817,780 | 99.12 | 96,600 | 0.88 | |
10,698,090 | 98.02 | 216,290 | 1.98 | |
10,667,790 | 97.74 | 246,590 | 2.26 | |
10,668,690 | 97.75 | 245,690 | 2.25 | |
10,817,380 | 99.11 | 97,000 | 0.89 |
2) The Appointment of the Auditor
Votes FOR | % | Votes | % | |
| 11,152,882 | 99.76 | 26,600 | 0.24 |
3) The Approval of the Company's 2019 Amended and Restated Stock Option Plan
Votes FOR | % | Votes | % | |
Amended and Restated | 10,625,770 | 97.36 | 288,610 | 2.64 |
Final voting results of all matters voted on at the meeting will be filed on SEDAR at www.sedar.com and further details of the voted matters can be found in the Company's management information circular dated
About Covalon
Certain statements contained in this press release may constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "proposed" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. In particular, this press release contains forward-looking information relating to the anticipated filing of the Company's interim financial report for the quarter ended June 30, 2020. Various assumptions or factors are typically applied in drawing conclusions or making the forecast or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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