Organto Foods Announces Annual General Meeting Results
Rhea-AI Summary
Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) held its annual general meeting with approximately 30.1% of eligible shareholders participating, representing 10,337,706 common shares. All matters received over 99% support from voting shareholders.
Key meeting outcomes include:
- Election of five directors: Steve Bromley, Peter Damouni, Peter Gianulis, Alejandro Maldonado and Joe Riz, with 80% being independent directors
- Approval of Dale Matheson Carr-Hilton Labonte LLP as the company's independent auditor
- Approval of the Company's Share Option and Restricted Share Unit Plans until the next annual general meeting
Shareholders also received the financial statements for the years ended December 31, 2023 and 2022, along with the auditor's report.
Positive
- High shareholder approval rate (>99%) for all matters
- Strong independent board representation (80% independent directors)
Negative
- Low shareholder participation rate (30.1% of eligible shares voted)
News Market Reaction – OGOFF
In the trading session that priced this news, OGOFF declined 8.76%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC, AND BREDA, THE NETHERLANDS / ACCESS Newswire / March 12, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF)(FSE:OGF) ("Organto" or "the Company") today announced the results of its annual general meeting of shareholders (the "Meeting"), which was held earlier today.
10,337,706 common shares representing approximately
At the Meeting, shareholders received the financial statements for the years ended December 31, 2023 and 2022, together with the auditor's report thereon. In addition, Shareholders elected five directors: Steve Bromley, Peter Damouni, Peter Gianulis, Alejandro Maldonado and Joe Riz. Messrs. Damouni, Gianulis, Maldonado and Riz were elected as independent directors, representing
The shareholders also approved the appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as Organto's independent auditor for the ensuing year, and approved the Company's Share Option and Restricted Share Unit Plans for continuation until the Company's next annual general meeting.
ON BEHALF OF THE BOARD,
Steve Bromley
Chair and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information contact:
Investor Relations
info@organto.com
John Rathwell, Senior Vice President, Corporate Development and Investor Relations
647 629 0018
ABOUT ORGANTO
Organto is an integrated provider of branded, private label and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.
SOURCE: Organto Foods, Inc.
View the original press release on ACCESS Newswire