Points International Announces Results of Annual General Meeting
Rhea-AI Summary
Points International Ltd. (NASDAQ: PCOM) announced the successful passage of all resolutions during its annual general meeting held on May 22, 2020. This included the reappointment of its directors, with significant shareholder support. Notable votes included David Adams receiving 6,419,973 shares for and 148,782 withheld. Shareholders also approved KPMG LLP as the company's auditors, with 8,588,893 shares in favor and 217,835 withheld. Points continues to expand its loyalty commerce platform, integrating nearly 60 global loyalty programs.
Positive
- All resolutions at the annual meeting were passed, indicating strong shareholder support.
- Reappointment of directors received substantial votes, enhancing company stability.
- KPMG LLP was reappointed as auditors, reflecting confidence in financial oversight.
- Growing network of nearly 60 global loyalty programs integrated into the platform.
Negative
- None.
News Market Reaction – PCOM
On the day this news was published, PCOM gained 6.90%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, May 25, 2020 (GLOBE NEWSWIRE) -- Points International Ltd. (TSX: PTS) (Nasdaq: PCOM) (“Points” or the “Company”), the global leader in powering loyalty commerce, announced today that all resolutions put to the annual general meeting of shareholders held on May 22, 2020 were passed, including the reappointment of the Company’s directors.
The following votes were received with respect to each director nominee:
| Number of Shares For | Number of Shares Withheld | |
| David Adams | 6,419,973 | 148,782 |
| Christopher Barnard | 6,313,108 | 255,647 |
| Michael Beckerman | 6,313,577 | 255,178 |
| Bruce Croxon | 6,313,577 | 255,178 |
| Robert MacLean | 6,313,093 | 255,662 |
| Jane Skoblo | 6,498,328 | 70,427 |
| John Thompson | 6,189,186 | 379,569 |
| Leontine van Leeuwen-Atkins | 6,495,333 | 73,422 |
In addition, shareholders voted in favor of the reappointment of KPMG LLP as the auditors of the Company. The following votes were received with respect to the resolution:
| Number of Shares For | Number of Shares Withheld | |
| Appointment of Auditors | 8,588,893 | 217,835 |
About Points International Ltd.
Points, (TSX: PTS) (Nasdaq: PCOM), provides loyalty e-commerce and technology solutions to the world's top brands to power innovative services that drive increased loyalty program revenue and member engagement. Currently, the Company has a growing network of nearly 60 global loyalty programs integrated into its unique Loyalty Commerce Platform. Points offers three core private or co-branded services: its Loyalty Currency Retailing service sells loyalty points and miles directly to consumers; its Platform Partners service, which offers earn and redemption opportunities via third-party or loyalty channels; and its Points Travel service helps loyalty programs increase revenue from hotel and car rental bookings while offering members more opportunities to earn and redeem loyalty rewards more broadly. Points is headquartered in Toronto, with offices in San Francisco, London, Singapore, and Dubai.
For more information, visit company.points.com.
Investor Relations Contact:
Sean Mansouri, CFA or Cody Slach
Gateway Investor Relations
1-949-574-3860
IR@points.com
FAQ
What were the results of Points International Ltd.'s annual general meeting on May 22, 2020?
How many shares supported the reappointment of David Adams at Points International Ltd.?
Who was reappointed as the auditor for Points International Ltd.?
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