iFabric Announces 2025 Annual General Meeting Voting Results

Rhea-AI Summary

iFabric (OTCQX:IFABF) held its 2025 Annual General Meeting with approximately 65% shareholder participation, representing 19.5 million shares. All proposed matters received majority approval. The election of directors saw overwhelming support, with all six nominees receiving over 98.85% approval.

Shareholders also approved the appointment of BDO Canada LLP as auditors and fixed the number of directors at six. Notable directors Hylton Karon and Richard Macary received 99.86% and 99.94% of votes in favor, respectively.

Markham, Ontario--(Newsfile Corp. - June 24, 2025) - iFabric Corp. (TSX: IFA) (OTCQX: IFABF) ("iFabric") is pleased to announce that at its annual general meeting of shareholders, held on June 24, 2025, all matters put forward before shareholders for consideration and approval as set out in iFabric's information circular dated May 16, 2025 were approved by the requisite majority of votes cast at the meeting.

A total of approximately 19.5 million shares, representing approximately 65% of the total shares outstanding were represented in person or by proxy at the meeting. The detailed results of the vote for the election of directors are set out below and the full voting results on all matters can be found in iFabric's Report on Voting Results filed on its profile on www.sedarplus.ca:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Hylton Karon	19,511,632	99.86%	26,500	0.14%
Hilton Price	19,509,632	99.85%	28,500	0.15%
Richard Macary	19,525,932	99.94%	12,200	0.06%
Cameron Groome	19,525,932	99.94%	12,200	0.06%
Mark Cochran	19,509,632	98.85%	28,500	0.15%
Giancarlo Beevis	19,518,632	99.90%	19,500	0.10%

 
In addition, at the meeting, iFabric shareholders approved resolutions to fix the number of directors at six and in respect of the re-appointment of BDO Canada LLP, Chartered Professional Accountants, as the auditors of iFabric for the ensuing year.

About iFabric Corp.

Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and, currently has 30.3 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly-owned subsidiaries, namely, Intelligent Fabric Technologies (North America) Inc. ("IFTNA") and Coconut Grove Pads Inc. ("Coconut Grove").

IFTNA is focused on development and sale of high-performance sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide "intelligent" properties to fabrics, foams, plastics, and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

FOR FURTHER INFORMATION, please contact:

Hilton Price, CFO
Tel: 647.465.6161
Email: hilton.price@rogers.com

Website: www.ifabriccorp.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256646

FAQ

What were the voting results for iFabric's 2025 Annual General Meeting?

The meeting saw approximately 65% shareholder participation with all six director nominees receiving over 98.85% approval. All proposed matters were approved by the majority.

Who are the directors elected to iFabric's board in 2025?

The elected directors are Hylton Karon, Hilton Price, Richard Macary, Cameron Groome, Mark Cochran, and Giancarlo Beevis, each receiving over 98.85% of votes in favor.

What was the shareholder participation rate at iFabric's 2025 AGM?

Approximately 19.5 million shares were represented at the meeting, accounting for about 65% of total shares outstanding.

Who was appointed as iFabric's auditor for 2025?

Shareholders approved the re-appointment of BDO Canada LLP, Chartered Professional Accountants, as iFabric's auditors for the ensuing year.