- All Exro director nominees listed in the Management Information Circular dated
May 24, 2022 , were elected as directors of the Company at its Annual General Meeting of Shareholders (the "Meeting") held earlier today inVancouver, B.C.
All other matters put forward to shareholders at the Meeting were also approved by the requisite majority of votes, including setting the number of directors at six, and the appointment of the Company's auditors. At the Meeting, 19,531,431 shares were voted, representing 14.59% of the Company's issued and outstanding common shares. Detailed results of the vote for the election of directors are set out below and the results of all matters considered at the Meeting are filed on SEDAR at www.sedar.com.
Votes For | % Votes For | Votes Withheld | % Votes Withheld Witheld | |
18,627,673 | 98.40 | 303,711 | 1.60 | |
18,888,200 | 99.77 | 43,184 | 0.23 | |
14,580,037 | 77.02 | 4,351,347 | 22.98 | |
18,889,721 | 99.78 | 41,662 | 0.22 | |
18,888,107 | 99.77 | 43,277 | 0.23 | |
18,886,446 | 99.76 | 44,938 | 0.24 |
Exro will provide additional shareholder updates on
About
Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil DriverTM, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.
For more information visit our website at www.exro.com.
To view our Corporate Presentation visit us at www.exro.com/investors
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company's annual information form for the financial year ended
Neither the
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