SolarBank Announces Results of Annual General and Special Meeting

Rhea-AI Summary

SolarBank (NASDAQ: SUUN) held its 2024 Annual General and Special Meeting on December 12, 2024, in Toronto. Shareholders elected five directors with overwhelming support, each receiving over 99% of votes: Dr. Richard Lu, Matthew Wayrynen, Paul Pasalic, Paul Sparkes, and Chelsea Nickles.

The meeting also resulted in the appointment of ZH CPA, as auditors, approval of the Company's Share Compensation Plan and its unallocated entitlements, and authorization for the board to set the number of directors within the articles' limits under Section 125(3) of the Business Corporations Act (Ontario).

News Market Reaction – SUUN

+2.80%

+2.80% Session move

In the trading session that priced this news, SUUN gained 2.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TORONTO, Dec. 13, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA, reports that the nominees listed in the management information circular for the 2024 Annual General and Special Meeting of shareholders (the "Meeting") were elected as directors of SolarBank. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting on December 12, 2024 in Toronto, Ontario, are set out below:

	Votes for	% Votes for	Votes withheld	% Votes withheld
Dr. Richard Lu	4,970,780	99.99	457	0.01
Matthew Wayrynen	4,964,029	99.86	7,208	0.14
Paul Pasalic	4,970,751	99.99	486	0.01
Paul Sparkes	4,964,038	99.86	7,199	0.14
Chelsea Nickles	4,970,785	99.99	452	0.01

Shareholders at the Meeting also voted in favour of appointing ZH CPA, LLC as auditors, approving the Company's Share Compensation Plan and all unallocated entitlements under the Share Compensation Plan, and approving a special resolution to authorize the board of directors of the Company to set the number of directors from time to time within the minimum and maximum number of directors set forth in the articles of the Company, in accordance with Section 125(3) of the Business Corporations Act (Ontario).

About SolarBank Corporation

To learn more about SolarBank, please visit www.solarbankcorp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/solarbank-announces-results-of-annual-general-and-special-meeting-302330921.html

SOURCE SolarBank Corporation

FAQ

What was the voting result for SolarBank's (SUUN) directors at the December 2024 AGM?

All five directors received overwhelming support with over 99% of votes in favor. Dr. Richard Lu received 99.99%, Matthew Wayrynen 99.86%, Paul Pasalic 99.99%, Paul Sparkes 99.86%, and Chelsea Nickles 99.99%.

What key resolutions were approved at SolarBank's (SUUN) 2024 Annual General Meeting?

Shareholders approved the appointment of ZH CPA, as auditors, the Company's Share Compensation Plan and its unallocated entitlements, and authorized the board to set the number of directors within the articles' limits.

When and where was SolarBank's (SUUN) 2024 Annual General Meeting held?

SolarBank's Annual General and Special Meeting was held on December 12, 2024, in Toronto, Ontario.

Who received the highest percentage of votes at SolarBank's (SUUN) 2024 director elections?

Chelsea Nickles received the highest percentage of votes with 99.99% (4,970,785 votes) in favor.