Aduro Clean Technologies Announces Voting Results for Election of Directors

Rhea-AI Summary

Aduro Clean Technologies (Nasdaq: ADUR) (CSE: ACT) announced the voting results from its 2023/2024 annual general meeting held on November 22, 2024. All nominated directors were successfully elected with strong shareholder support. A total of 10,327,618 common shares, representing 37.93% of outstanding shares, were voted by proxy. The elected directors include Ofer Vicus (99.84% approval), James Scott (98.96%), Peter Kampian (99.97%), William Marcus Trygstad (99.97%), and Marie Grönborg (99.97%).

Positive

• High approval rates (>98%) for all elected directors indicating strong shareholder confidence
• 37.93% shareholder participation in voting indicates reasonable engagement

Negative

• None.

LONDON, Ontario, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21^st century, is pleased to announce that at its 2023/2024 annual general meeting held November 22, 2024 (the “Meeting”), all of the nominees for election as directors of the Company referred to in its notice of meeting and information circular dated October 23, 2024 for the Meeting were elected.

A total of 10,327,618 common shares representing 37.93% of the outstanding common shares of the Company were voted by proxy at the Meeting. Voting results for the election of directors at the Meeting were as follows:

Resolution	Vote Type	Total Votes	% Voted
Ofer Vicus	For Against Withheld	10,310,988 0 16,630	99.84% 0.00% 0.16%
James Scott	For Against Withheld	10,220,294 0 107,324	98.96% 0.00% 1.04%
Peter Kampian	For Against Withheld	10,324,370 0 3,248	99.97% 0.00% 0.03%
William Marcus Trygstad	For Against Withheld	10,324,985 0 2,633	99.97% 0.00% 0.03%
Marie Grönborg	For Against Withheld	10,324,985 0 2,633	99.97% 0.00% 0.03%

The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR+ (www.sedarplus.ca) filed on November 29, 2024.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21^st century.

For further information, please contact:

Abe Dyck, Investor Relations
ir@adurocleantech.com
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, Vice President
aduro@kcsa.com

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events, or otherwise, except as required by applicable law.

The CSE has not reviewed, approved, or disapproved the content of this news release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a1b26c0-308d-4194-9a83-8c0f34f20ff7

FAQ

What were the voting results for Aduro Clean Technologies (ACTHF) 2023/2024 annual general meeting?

All nominated directors were elected with approval rates exceeding 98%. The highest approval was 99.97% for Peter Kampian, William Marcus Trygstad, and Marie Grönborg, while Ofer Vicus received 99.84% and James Scott 98.96%.

How many shares were voted at Aduro Clean Technologies (ACTHF) 2023/2024 annual meeting?

A total of 10,327,618 common shares were voted by proxy, representing 37.93% of the company's outstanding common shares.

When was Aduro Clean Technologies (ACTHF) 2023/2024 annual general meeting held?

The annual general meeting was held on November 22, 2024.