GMG Announces Annual General Meeting Results and Provides Chairman Overview and CEO Update

Rhea-AI Summary

Graphene Manufacturing Group (TSXV:GMG) (OTCQX: GMGMF) held its annual general meeting on November 25th, 2024, with 42.31% shareholder participation, representing 40,947,619 common shares. Shareholders re-elected four directors: Craig Nicol, Jack Perkowski, Bob Galyen, and Andrew Small. The meeting also approved BDO Audit Proprietary 's appointment and the company's 10% stock option plan. Chairman Jack Perkowski and CEO Craig Nicol provided a corporate update during the meeting, with a presentation replay available online.

Positive

• High shareholder participation rate of 42.31%
• Successful re-election of all proposed directors
• Approval of stock option plan indicating alignment with shareholder interests

Negative

• None.

Brisbane, Queensland, Australia--(Newsfile Corp. - November 26, 2024) - Graphene Manufacturing Group Ltd. (TSXV:GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that in connection with the annual general meeting of the company's shareholders (the "Meeting"), that was held both virtually and in person on November 25^th, 2024, the following voting results were obtained.

A total of 40,947,619 common shares representing 42.31% of the Company's issued and outstanding common shares were voted in connection with the Meeting. At the Meeting, shareholders re-elected four current directors: Craig Nicol, Jack Perkowski, Bob Galyen and Andrew Small. Shareholders also voted in favour of the other items of business considered at the Meeting, which included the renumeration and appointment of BDO Audit Proprietary LTD. and the approval of the Company's 10% stock option plan.

During the annual general meeting, Jack Perkowski, Chairman of GMG, and Craig Nicol, Managing Director and CEO, delivered a corporate update for shareholders in attendance. For a replay of the presentation, please click the link provided below.

GMG 2024 AGM Presentation: https://youtu.be/fuUaQaKZROE?si=GNpL35BALI3H8a2D

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene - enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231548

FAQ

What were the voting results of GMG's (GMGMF) 2024 Annual General Meeting?

At GMG's 2024 AGM, shareholders representing 42.31% of shares voted to re-elect four directors, approved BDO Audit as auditors, and passed the 10% stock option plan.

Who were the directors re-elected to GMG's (GMGMF) board in November 2024?

Craig Nicol, Jack Perkowski, Bob Galyen, and Andrew Small were re-elected as directors during the November 25th, 2024 Annual General Meeting.

What was the shareholder participation rate at GMG's (GMGMF) 2024 AGM?

The shareholder participation rate was 42.31%, with 40,947,619 common shares voted at the Annual General Meeting.