ElectraMeccanica Vehicles Corp.
(NASDAQ: SOLO)
(“
ElectraMeccanica” or the
“
Company”) is pleased to announce the results of
the Company’s annual and special general meeting (the
“
AGM”) held on July 9, 2020.
The Company is pleased to report that, at its
AGM, the shareholders voted to re-elect Paul Rivera, Bal Bhullar,
Henry Reisner, Jerry Kroll, Steven Sanders, Luisa Ingargiola,
Joanne Yan and Peter Savagian as directors of the Company for the
ensuing year.
In addition, at the AGM the shareholders also
approved the re-appointment of KPMG LLP, Chartered Professional
Accountants, as the Company’s auditor for the ensuing year and
authorized the directors to fix the auditor’s remuneration,
together with the approval of the Company’s 2020 Stock Incentive
Plan. For more information on these matters please refer to the
Company’s AGM Management Proxy Circular which is available on SEDAR
(www.sedar.com).
Appointments
Following the AGM, the Board of Directors (the
“Board”) met and confirmed the appointment of the
following Company executive officers:
|
Paul RiveraBal
BhullarHenry Reisner |
Chief
Executive Officer;Secretary and Chief Financial Officer;
andPresident and Chief Operating Officer. |
Management also expects the re-appointment of
all directors of the Company to each of the Company's current Audit
Committee, Compensation Committee and Nominating and Corporate
Governance Committee.
The Board would like to thank the shareholders
for their ongoing support.
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO)
is a Canadian designer and manufacturer of environmentally
efficient electric vehicles (EVs). The Company’s flagship vehicle
is the innovative, purpose-built, single-seat EV called
the SOLO. This three-wheeled vehicle will
revolutionize the urban driving experience, including commuting,
delivery and shared mobility.
The SOLO provides a driving experience
that is unique, trendy, fun, affordable and environmentally
friendly. InterMeccanica, a subsidiary of ElectraMeccanica, has
successfully been building high-end specialty cars for 61 years.
For more information, please
visit www.electrameccanica.com.
Company Contact
Ms. Bal Bhullar, CPA, CGA, CRM Chief Financial Officer &
Director (604) 428-7656 Bal@electrameccanica.com
Investor Relations Contact
Gateway Investor Relations Matt Glover and Tom Colton (949)
574-3860 SOLO@gatewayir.com
Public Relations Contact
Michelle Ravelo-Santos R&CPMK (310) 297-0190
michelle.ravelo@rogersandcowanpmk.com
Safe Harbor Statements
Except for the statements of historical fact
contained herein, the information presented in this news release
constitutes "forward-looking statements" as such term is used in
applicable United States and Canadian securities laws. These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as “anticipates”, “estimates”, “projects”,
“expects”, “contemplates”, “intends”, “believes”, “plans”, “may”,
“will”, or their negatives or other comparable words) are not
statements of historical fact and should be viewed as
"forward-looking statements". Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the prices of other electric vehicles, costs
associated with manufacturing vehicles, the availability of capital
to fund business plans and the resulting dilution caused by the
raising of capital through the sale of shares, changes in the
electric vehicle market, changes in government regulation,
developments in alternative technologies, inexperience in servicing
electric vehicles, labour disputes and other risks of the electric
vehicle industry including, without limitation, those associated
with the delays in obtaining governmental approvals and/or
certifications. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended.
There can be no assurance that such statements
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release and in
any document referred to in this news release.
Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date the
statements are made, and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law. Such forward-looking statements reflect our
current views with respect to future events and are subject to
certain risks, uncertainties and assumptions, including, the risks
and uncertainties outlined in our most recent financial statements
and reports and registration statement filed with the United States
Securities and Exchange Commission (the "SEC") (available at
www.sec.gov) and with Canadian securities administrators (available
at www.sedar.com). Although the Company believes that the beliefs,
plans, expectations and intentions contained in this news release
are reasonable, there can be no assurance those beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consider all of the information set forth herein and should
also refer to the risk factors disclosed in the Company's periodic
reports filed from time-to-time with the SEC. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy securities of the Company nor shall there be any sale
of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
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