Hydreight Announces Annual General Meeting Results

Rhea-AI Summary

Hydreight Technologies (OTC: HYDTF) held its 2025 Annual General Meeting virtually on September 19, 2025, where shareholders approved all proposed items. Key highlights include the approval of the company's fixed omnibus equity incentive plan, which allows for up to 9,000,000 common shares to be issued through various equity-based incentive awards.

The company reappointed key leadership positions, with Shane Madden continuing as CEO, Joshua Sorin as CFO and Corporate Secretary, and Carey Dillen as Audit Committee Chair. The equity incentive plan remains subject to final TSX Venture Exchange approval.

VANCOUVER, British Columbia, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (TSXV: NURS, OTC: HYDTF, FSE: SO6) (“Hydreight” or the “Company”), is pleased to announce that at the 2025 Annual General Meeting (“AGM”) virtually held on September 19, 2025, the Company’s shareholders voted in favour of all items of business. All director nominees were elected.

The Company’s fixed omnibus equity incentive plan (“Equity Incentive Plan”) and all unallocated securities that may be grantable under the Equity Incentive Plan, as amended by Amendment No.1. pursuant to Policy 4.4 – Security Based Compensation of the TSX Venture Exchange (the “Exchange”) was also approved by a majority of the shareholders.

The Equity Incentive Plan, as amended, is a “fixed 20%” security based compensation plan whereby up to 9,000,000 of the Company’s issued and outstanding common shares of the Company can be issued from the exercise of equity-based incentive awards granted to eligible persons in the form of options, restricted share units, performance share units, deferred share units and stock appreciation rights. The Equity Incentive Plan, as amended, remains subject to final Exchange approval.

Following the AGM, the Company re-appointed Shane Madden as Chief Executive Officer, Joshua Sorin as Chief as Chief Financial Officer and Corporate Secretary and Carey Dillen as Audit Committee Chair.

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

Contact
Email: ir@hydreight.com; Telephone: (702) 970-8112

FAQ

What were the key results of Hydreight's 2025 Annual General Meeting?

At the AGM, shareholders approved all items including director nominations and the fixed omnibus equity incentive plan allowing for up to 9,000,000 common shares to be issued through equity-based awards.

Who are the key executives appointed at Hydreight (HYDTF) following the 2025 AGM?

Following the AGM, Shane Madden was reappointed as CEO, Joshua Sorin as CFO and Corporate Secretary, and Carey Dillen as Audit Committee Chair.

What is Hydreight's new equity incentive plan and how many shares are involved?

The plan is a fixed 20% security based compensation plan allowing up to 9,000,000 common shares to be issued through options, restricted share units, performance share units, deferred share units, and stock appreciation rights.

When and how was Hydreight's 2025 Annual General Meeting conducted?

Hydreight's 2025 AGM was conducted virtually on September 19, 2025.