Adcore Announces Voting Results from Annual and Special Shareholders Meeting

Rhea-AI Summary

Adcore, a global marketing technology leader specializing in AI-powered marketing solutions, announced the results of its annual and special shareholders meeting held in Toronto on April 29, 2025.

All five director nominees were successfully elected with overwhelming support, each receiving 99.58% of votes (41,001,645 votes for, 171,815 against). The elected directors include Omri Brill, Roy Nevo, Sukvinder Puar, Ronnie Jaegermann, and Nancy Goertzen.

Shareholders also approved three additional items:

• Appointment of Ziv Haft (BDO Member Firm) as company auditor
• Amended and restated stock option plan
• Amendment to extend expiry date of 4,960,748 stock options for certain insiders, approved by disinterested shareholders

Positive

• Strong shareholder support with 99.58% approval for all director nominees
• Successful passage of all proposed items including stock option plan amendments

Negative

• Extension of insider stock options expiry date could potentially increase dilution risk

TORONTO, ON / ACCESS Newswire / April 29, 2025 / Adcore Inc. (the "Company" or "Adcore") (TSX:ADCO)(OTCQX:ADCOF)(FSE:ADQ), a global leader in marketing technology that empowers businesses to maximize their digital marketing potential through its innovative AI-powered platform ("Marketing Cloud"), today announced that at its annual general and special meeting of shareholders held in Toronto on April 29, 2025 (the "Meeting"), each of the five director nominees listed in its management information circular dated March 24, 2025 was elected as a director of the Company. The directors have been elected to serve until the close of the next annual meeting of shareholders. The details of the results of the vote for the election of directors is set out below:

Nominee	Votes For	% of Votes For	Votes Against	% of Votes Against
Omri Brill	41,001,645	99.58%	171,815	0.42%
Roy Nevo	41,001,645	99.58%	171,815	0.42%
Sukvinder (Sokhie) Puar	41,001,645	99.58%	171,815	0.42%
Ronnie Jaegermann	41,001,645	99.58%	171,815	0.42%
Nancy Goertzen	41,001,645	99.58%	171,815	0.42%

The other items of business at the Meeting were to (i) appoint Ziv Haft, Certified Public Accountants (Isr.), BDO Member Firm as the auditor of the Company for the ensuing year and to authorize the Company's board of directors to fix the remuneration of the auditors; (ii) approve the amended and restated stock option plan; and (iii) receive approval by disinterested shareholders to amend the expiry date of 4,960,748 stock options granted to certain insiders (the "Amendment") of the Company. At the Meeting, the Amendment was passed by disinterested shareholders and all other items of business were passed by shareholders of the Company.

ABOUT ADCORE

Adcore is a leading AI-powered marketing technology company. By combining extensive industry knowledge and experience with its proprietary artificial intelligence (AI) powered technology, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum Return on Investment. Adcore is a certified Google Premier Partner, Elite Tier Microsoft Partner, Facebook Partner, Verified Amazon Partner, and TikTok Partner.

Established in 2006, the Company employs over fifty people in its headquarters in Tel Aviv, Israel and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.

For more information about Adcore, please visit https://www.adcore.com/investors/, https://www.adcore.com/blog or follow us on LinkedIn.

For further information please contact:

ADCORE INC.
https://www.adcore.com/investors/

Nick Campbell, CFA		Martijn van den Bemd
Investor Relations		Chief Partnerships Officer
Telephone: 905-630-0148		Telephone: 647-497-5337
Email: nickc@adcore.com		Email: martijn@adcore.com

SOURCE: Adcore Inc.

View the original press release on ACCESS Newswire

FAQ

What were the voting results for Adcore (ADCOF) directors at the April 2025 shareholders meeting?

All five director nominees received overwhelming support with 99.58% (41,001,645 votes) in favor and only 0.42% (171,815 votes) against for each candidate.

Did Adcore shareholders approve the stock option expiry date amendment in April 2025?

Yes, disinterested shareholders approved the amendment to modify the expiry date of 4,960,748 stock options granted to certain company insiders.

Who are the current board members elected at Adcore's 2025 annual meeting?

The elected board members are Omri Brill, Roy Nevo, Sukvinder Puar, Ronnie Jaegermann, and Nancy Goertzen, serving until the next annual meeting.

What key proposals were approved at Adcore's April 2025 shareholder meeting?

Shareholders approved the appointment of Ziv Haft (BDO Member Firm) as auditor, the amended stock option plan, and the modification of insider stock option expiry dates.

How many votes were cast in the Adcore (ADCOF) 2025 director elections?

A total of 41,173,460 votes were cast for each director nominee, with 41,001,645 votes in favor and 171,815 votes against.