Electrovaya Announces Results of Annual and Special Meeting of Shareholders
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that all resolutions presented at its 2022 Annual and Special Meeting on March 25, 2022, were approved by shareholders.
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Rhea-AI Summary
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that all resolutions presented at its 2022 Annual and Special Meeting on March 25, 2022, were approved by shareholders. Over 98% of votes supported the election of five directors: Dr. Sankar Das Gupta, Dr. Bejoy Das Gupta, Dr. Carolyn Hansson, Dr. James K. Jacobs, and Mr. Kartick Kumar. Additionally, the resolution to amend the stock option plan passed with 97.51% in favor. Goodman & Associates LLP was re-appointed as the company’s auditors.
Positive
- Over 98% shareholder support for the election of five directors.
- Stock option plan amendment received 97.51% approval.
- Re-appointment of Goodman & Associates LLP as auditors indicates stable governance.
Negative
- None.
Details
News Market Reaction – EFLVF
The recorded move for EFLVF in the trading session of this news was -0.43%.
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TORONTO, ON / ACCESSWIRE / March 25, 2022 / 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 2022 Annual and Special Meeting held on March 25th, 2022 in Toronto, Ontario, were approved. The five directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Bejoy 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 | 59,606,562 | 743,782 | ||
Dr. Bejoy Das Gupta | 59,601,562 | 748,782 | ||
Dr. Carolyn Hansson | 59,882,966 | 467,378 | ||
Dr. James K. Jacobs | 59,845,866 | 504,478 | ||
Mr. Kartick Kumar | 60,031,322 | 319,022 |
Goodman & Associates LLP, were re-appointed as the auditors of the Company.
The ordinary resolution to amend the stock option plan 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:
Electrovaya Inc.
Email: ir@electrovaya.com
Phone: (905) 855-4618
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 the safest and longest-lasting lithium-ion batteries. Electrovaya, 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/694756/ElectrovayaAnnouncesResultsofAnnual-and-Special-Meeting-ofShareholders
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