Plurilock Announces Results of Annual General Meeting

Rhea-AI Summary

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) held its Annual General Meeting on August 14, 2024, with shareholders approving all resolutions presented. Five nominees were elected as Directors, including Ian L. Paterson, William Edward Hammersla III, Jennifer Swindell, Blake Corbet, and Ali Hakimzadeh, each receiving over 99% of votes cast. Shareholders also approved the appointment of MNP LLP as auditor, the adoption of a new Omnibus Incentive Plan, and the ratification of 3,490,900 Incentive Stock Options and 3,800,000 Restricted Share Units issued on June 18, 2024. The meeting saw representation of 10,247,849 common shares, accounting for 23.85% of the company's issued and outstanding common shares.

Positive

• High approval rates (over 99%) for all nominated Directors
• Successful adoption of new Omnibus Incentive Plan
• Ratification of significant number of Incentive Stock Options and Restricted Share Units

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, is pleased to announce the results of its Annual General Meeting (the "Meeting") of shareholders held on August 14, 2024. All resolutions presented to the shareholders were approved.

Each of the five nominees listed below, described further in Plurilock's management information circular dated July 2, 2024 ("Circular"), were elected as Directors. The detailed results of the voting by proxy for each nominee are as follows:

Nominee	Votes For (#)	Votes For (%)
Ian L. Paterson	10,188,313	99.42%
William Edward Hammersla III	10,236,350	99.89%
Jennifer Swindell	10,237,313	99.90%
Blake Corbet	10,236,350	99.89%
Ali Hakimzadeh	10,209,167	99.62%

 

At the Meeting, Plurilock's shareholders also voted in favor of the following, all as described in the Circular:

1. appointment of MNP LLP, Chartered Professional Accountants, as Plurilock's auditor;
2. ratification and adoption of the Company's new Omnibus Incentive Plan (the "Omnibus Plan") by ordinary resolution of disinterested shareholders;
3. ratification and approval of certain Incentive Stock Options (the "Options"), being the Options exercisable into an aggregate of up to 3,490,900 Options issued June 18, 2024 and approval of insider participation limits pursuant to the Omnibus Plan, by ordinary resolution of disinterested shareholders; and
4. ratification and approval of certain Restricted Share Units (the "RSUs"), being 3,800,000 RSUs issued June 18, 2024 and insider participation limits pursuant to the Omnibus Plan, by ordinary resolution of disinterested shareholders.

A total of 10,247,849 common shares were represented at the Meeting, representing 23.85% of the Company's issued and outstanding common shares.

About Plurilock

Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720

Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607

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

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220010

FAQ

When was Plurilock Security Inc. (PLCKF) Annual General Meeting held?

Plurilock Security Inc. (PLCKF) held its Annual General Meeting on August 14, 2024.

How many Directors were elected at Plurilock's (PLCKF) 2024 AGM?

Five Directors were elected at Plurilock's (PLCKF) 2024 Annual General Meeting.

What was the voter turnout for Plurilock's (PLCKF) 2024 Annual General Meeting?

A total of 10,247,849 common shares were represented at the Meeting, accounting for 23.85% of Plurilock's (PLCKF) issued and outstanding common shares.

How many Incentive Stock Options and Restricted Share Units were ratified at Plurilock's (PLCKF) 2024 AGM?

Shareholders ratified 3,490,900 Incentive Stock Options and 3,800,000 Restricted Share Units issued on June 18, 2024.