Elixxer Announces Results of Annual and Special Meeting of Shareholders

Rhea-AI Summary

Elixxer (TSXV: ELXR) held its annual and special meeting of shareholders on March 20, 2025, with 56.44% of outstanding shares represented (6,400,078 shares). Key approvals included:

- Appointment of CAN Partners LLP as new auditors with 99.99% approval, replacing MS Partners LLP who resigned February 18, 2025
- Change of registered office from Quebec to Ontario
- Conversion of fixed stock option plan to rolling stock option plan
- Repeal of existing by-laws and enactment of new by-law no. 1

All matters presented were approved by an overwhelming majority of shareholders.

Positive

• High shareholder participation with 56.44% of shares represented
• Strong shareholder support with overwhelming majority approval on all matters

Negative

• Resignation of previous auditor MS Partners LLP

Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - Elixxer Ltd. (TSXV: ELXR) ("Elixxer" or the "Company) is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held on March 20, 2025.

A total of 6,400,078 shares were voted at the Meeting in person or by proxy, representing 56.44% of the votes attached to all of the Company's issued and outstanding common shares. All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Management Information Circular dated February 10, 2025, were approved by an overwhelming majority of votes cast at the Meeting.

At the Meeting, management presented to the shareholders its nominees for election as directors. The following individuals were elected to serve as directors of the Company until the next annual meeting:

Name	Votes in Favour	Votes Withheld/Abstained
Ferras Zalt	6,390,824 (99.86%)	9,251 (0.14%)
Jayahari Balasubramaniam	6,391,925 (99.87%)	8,150 (0.13%)
Alexey (Alex) Kanayev	6,394,670 (99.92%)	5,405 (0.08%)
Mark E. Romano	6,393,973 (99.90%)	6,102 (0.10%)
Edward Milewski	6,393,972 (99.90%)	6,103 (0.10%)

 

At the Meeting, shareholders were asked to approve the appointment of CAN Partners LLP, Chartered Professional Accountants, as the Company's auditors for the ensuing year replacing MS Partners LLP who resigned on February 18, 2025. According to votes cast, CAN Partners LLP was appointed as the Company's auditors with 99.99% of the votes in favour.

At the Meeting, shareholders were asked to approve a special resolution to amend the articles of the incorporation of the company to change the province in which the registered office of the Company is located from the Province of Quebec to the Province of Ontario. The special resolution was approved by an overwhelming majority of shareholders and the results of the votes cast were as follows:

Votes in Favour	Votes Against
6,396,554 (99.94%)	3,521 (0.06%)

 

At the Meeting, shareholders were asked to approve a resolution to approve and confirm the conversion of the Company's existing "fixed" stock option plan to a "rolling" stock option plan. The amendment to the Stock Option Plan was approved by an overwhelming majority of shareholders at the Meeting as follows:

Votes in Favour	Votes Against
6,394,761 (99.92%)	5,314 (0.08%)

 

Finally, at the Meeting, shareholders also passed a resolution confirming the repeal of all existing by-laws of the Company and the enactment of a new by-law no. 1 of the Company. The resolution in respect of the enactment of the New By-Law No 1 was approved by an overwhelming majority as follows:

Votes in Favour	Votes Against
6,385,389 (99.77%)	14,686 (0.23%)

 

About Elixxer Ltd.

Elixxer is a Canadian public company listed on the TSX Venture Exchange (TSXV: ELXR) and the US OTC-Pink exchange (OTC Pink: ELIXF). Elixxer is an investment company with investments in Canada and other countries and is currently looking for new high growth opportunities to invest in.

Website: https://elixxer.ca/

For further information please contact:
Karim Mecklai, Chief Executive Officer, 416-877-3153

Caution Regarding Press Releases

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245939

FAQ

What was the voter turnout at Elixxer's (ELIXF) 2025 annual meeting?

The meeting had 6,400,078 shares voted, representing 56.44% of the company's total outstanding shares.

Why did Elixxer (ELIXF) change auditors in 2025?

MS Partners LLP resigned on February 18, 2025, and shareholders approved CAN Partners LLP as new auditors with 99.99% approval.

What major changes were approved at Elixxer's (ELIXF) March 2025 shareholder meeting?

Shareholders approved changing the registered office from Quebec to Ontario, converting to a rolling stock option plan, and enacting a new by-law.

How will Elixxer's (ELIXF) stock option plan change after the 2025 meeting?

The plan will convert from a 'fixed' to a 'rolling' stock option plan, as approved by shareholders.