Xtract One Announces Results of Voting at the Annual General Meeting of Shareholders

Rhea-AI Summary

Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) announced the voting results from its annual general meeting held on November 12, 2024. A total of 54,082,464 common shares, representing 24.76% of outstanding shares, participated through proxy voting. All five director nominees were successfully elected with approval rates ranging from 91.66% to 98.85%. Peter van der Gracht, Peter Evans, John Gillies, Bill Maginas, and Lea M. Ray were confirmed as directors. Shareholders also approved setting the board size at five members and appointed Davidson & Company LLP as auditors.

TORONTO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced the results of voting on all resolutions presented to its annual general meeting of shareholders held on November 12, 2024 (the “Meeting”).

A total of 54,082,464 common shares of the Company (“Common Shares”), or 24.76% of the 218,400,737 issued and outstanding Common Shares as at the record date of the Meeting, were voted at the Meeting by proxy. No Common Shares were voted at the Meeting in person. All nominees of the Company were elected as directors of the Company as follows:

Nominee	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
Peter van der Gracht	49,350,241	97.298%	1,370,398	2.702%
Peter Evans	50,138,668	98.853%	581,971	1.147%
John Gillies	46,491,729	91.662%	4,228,910	8.338%
Bill Maginas	48,521,988	95.665%	2,198,651	4.335%
Lea M. Ray	48,464,459	95.552%	2,256,180	4.448%

In addition, the following matters were approved by the affirmative vote of the requisite majority of the votes represented at the Meeting:

• setting the number of directors of the Company at five (5) for the ensuing year; and

• the appointment of Davidson & Company LLP as auditors of the Company.

About Xtract One
Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that enable facility operators to prioritize and deliver improved “Walk-right-In” experiences while providing unprecedented safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

For further information, please contact:

Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com

Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385

Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645

FAQ

What was the voter turnout at Xtract One Technologies' 2024 AGM?

The voter turnout was 54,082,464 common shares, representing 24.76% of the total 218,400,737 outstanding shares, all voted by proxy.

Who were the directors elected to Xtract One's (XTRAF) board in November 2024?

The elected directors were Peter van der Gracht, Peter Evans, John Gillies, Bill Maginas, and Lea M. Ray.

What was the highest approval rating received by a director nominee at Xtract One's 2024 AGM?

Peter Evans received the highest approval rating with 98.853% of votes in favor.