At a Glance:
- Exro nominee directors listed in the Notice of Meeting and
Management Information Circular dated May
31, 2023 were elected as directors of the Company at its
Annual General and Special Meeting of Shareholders held earlier
today on June 30, 2023 in
Vancouver, B.C.
CALGARY,
AB, June 30, 2023 /PRNewswire/ - Exro
Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the
"Company" or "Exro"), a leading clean-technology
company that develops new generation power-control electronics that
expand the capabilities of electric motors and batteries, today
announced that all candidates listed in the Company's Management
Information Circular dated May 31,
2023 were elected as directors of the Company at its Annual
General and Special Meeting of Shareholders (the "Meeting") held
earlier today in Vancouver,
B.C.
Name
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Rodney Copes
|
42,282,208
|
99.08
|
394,102
|
0.92
|
Terence
Johnsson
|
42,391,713
|
99.33
|
284,597
|
0.67
|
Sue Ozdemir
|
42,497,664
|
99.58
|
178,646
|
0.42
|
Aleksandra
Miziolek
|
42,511,494
|
99.61
|
164,816
|
0.39
|
Anita Ganti
|
42,469,554
|
99.52
|
206,756
|
0.48
|
Frank
Simpkins
|
42,512,683
|
99.62
|
163,627
|
0.38
|
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, the appointment of the Company's
auditors, the approval of the Company's omnibus long-term incentive
plan, the ratification of grants made under the Company's omnibus
long-term incentive plan, and the amendment to the Company's
articles to adopt advance notice provisions in respect of the
nomination of directors. At the Meeting, 58,514,536 shares were
voted, representing 34.86% 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
ABOUT EXRO TECHNOLOGIES
INC.
Exro Technologies Inc. is a leading clean technology company
that has developed new generation power control electronics that
change how the world optimizes energy by expanding the capabilities
of electric motors and batteries. The company's innovative
technologies serve to bridge the performance-cost gap in e-mobility
(Coil Driver™) and stationary energy storage (Cell Driver™), and
act to accelerate adoption towards a circular electrified economy
by delivering more with less – minimum energy for maximum
results.
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
December 31, 2022, and financial
statements and related MD&A for the financial year ended
December 31, 2022, filed with the
securities regulatory authorities in certain provinces of
Canada and available at
www.sedar.com. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this press
release.
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SOURCE Exro Technologies Inc.