Synex Renewable Energy Corporation Annual General Meeting - Voting Results

(Neutral)

Rhea-AI Summary

Synex Renewable Energy held its annual general meeting on December 6, 2024, with shareholders approving all proposed resolutions. The meeting resulted in the election of six directors, with all management nominees receiving strong support ranging from 93.33% to 99.80% of votes. Dale Matheson Carr-Hilton Labonte LLP was appointed as auditors with 99.80% approval.

The company operates in renewable energy development in Canada, owning 12 MW of hydro projects in British Columbia and Kyuquot Power Additionally, Synex has 9.4 MW of construction-ready run-of-river projects, applications for 150 MW capacity across 24 potential hydroelectric sites, and 16 wind development sites with potential for 4,700 MW of clean power.

Positive

Strong shareholder support with over 93% approval for all board nominees
Diversified renewable energy portfolio with 12 MW of operating hydro projects
Significant growth potential with 9.4 MW construction-ready projects
Large development pipeline with 150 MW potential hydroelectric capacity
Strategic wind development portfolio with 4,700 MW potential capacity

Negative

None.

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

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12/06/2024 - 08:23 PM

Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company") is pleased to report the voting results of the annual general meeting of shareholders of the Company held on December 6, 2024.

Description of Matter	Outcome of Vote

To set the number of directors at six (6)	The resolution was passed by the requisite majority. Details of the voting was as follows:
		For:	Against:
		3,963,616 (93.43%)	278,728 (6.57%)

To elect the directors of the Company for the ensuing year	All nominees proposed by management were elected. Details of the voting was as follows:

		For:	Withheld:
	Daniel J. Russell	3,959,396 (93.33%)	282,948 (6.67%)
	Tanya L. DeAngelis	3,959,396 (93.33%)	282,948 (6.67%)
	Richard McGivern	3,963,396 (93.42%)	278,948 (6.58%)
	Danny Sgro	3,963,616 (93.43%)	278,728 (6.57%)
	Murray Margolis	4,233,716 (99.80%)	8,628 (0.20%)
	Adarsh Mehta	4,233,716 (99.80%)	8,628 (0.20%)

To appoint Dale Matheson Carr-Hilton Labonte LLP as auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration	The resolution was passed. Details of the voting was as follows:

		For:	Withheld:
		4,233,724 (99.80%)	8,620 (0.20%)

Synex is a Vancouver, British Columbia based company engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It has ownership interests in 12 MW of operating hydro projects in British Columbia and owns a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd. The Company also has 9.4 MW of construction ready run-of-river projects, applications, and land tenures on another 24 potential hydroelectric sites totaling over 150 MW of capacity, and approximately 16 wind development sites that could provide up to 4,700 MW of clean power in British Columbia. For further information, visit www.synex.com.

(signed) "Daniel J. Russell"
Daniel J. Russell, President

4248 Broughton Ave., Niagara Falls, Ontario L2E 0A4
Phone (604) 688-8271
E-mail: daniel.russell@synex.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232917

FAQ

What were the voting results for Synex Renewable Energy's 2024 AGM?

At the December 6, 2024 AGM, shareholders approved all resolutions with strong support. Director nominees received between 93.33% and 99.80% approval, and the auditor appointment was approved with 99.80% of votes.

How many renewable energy projects does Synex (SXI) currently operate?

Synex currently operates 12 MW of hydro projects in British Columbia and owns Kyuquot Power , a Vancouver Island grid connection and utility.

What is Synex Energy's (SXI) development pipeline capacity?

Synex has 9.4 MW of construction-ready run-of-river projects, potential for over 150 MW across 24 hydroelectric sites, and 16 wind development sites with up to 4,700 MW capacity.