Electrovaya Announces Results of Annual and Special Meeting of Shareholders
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that all resolutions were approved at its 2023 Annual and Special Meeting held on March 24, 2023.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that all resolutions were approved at its 2023 Annual and Special Meeting held on March 24, 2023. All five directors, including Dr. Sankar Das Gupta and Dr. Carolyn Hansson, were elected with over 98% approval. Goodman & Associates LLP was re-appointed as auditors, and a special resolution for share consolidation passed with 98.92% support. This meeting reinforces shareholder confidence and outlines Electrovaya's commitment to governance. For more details, visit SEDAR.
Positive
- All shareholder resolutions approved with over 98% votes.
- Directors elected with strong support, indicating high shareholder confidence.
- Re-appointment of auditors Goodman & Associates LLP maintains financial oversight.
- Special resolution for share consolidation passed, potentially enhancing share value.
Negative
- None.
Details
News Market Reaction – EFLVF
The recorded move for EFLVF in the trading session of this news was +1.33%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESSWIRE / March 27, 2023 / Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) (the "Company") is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2023 Annual and Special Meeting held on March 24th, 2023 in Toronto, Ontario, were approved. The five directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson and Mr. Kartick Kumar, were each elected as directors by over
| Nominee | Votes For | Votes Withheld | Percentage of Votes For | Percentage of Votes Withheld |
Dr. Sankar Das Gupta | 80,810,512 | 835,279 | ||
Dr. Carolyn Hansson | 80,366,705 | 1,279,086 | ||
Dr. James K. Jacobs | 81,131,465 | 514,326 | ||
Mr. Kartick Kumar | 81,071,191 | 574,600 | ||
Dr. Raj DasGupta | 81,129,985 | 515,806 |
Goodman & Associates LLP, were re-appointed as the auditors of the Company.
The special resolution to approve the consolidation of the common shares at the board's discretion was passed with
Additional details are included in the report of voting results filed under the Company's profile on SEDAR at www.sedar.com.
For more information, please contact:
Jason Roy
Director, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618
jroy@electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
SOURCE: Electrovaya, Inc.
View source version on accesswire.com:
https://www.accesswire.com/746059/Electrovaya-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.