dynaCERT Announces Voting Results of Annual Meeting
December 03 2020 - 8:46PM
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or
the "Company") is pleased to announce the results of the annual and
special meeting of its shareholders, which was completed today (the
"Meeting"). Out of concern for the safety of dynaCERT's employees,
shareholders and other stakeholders in light of the COVID‐19
pandemic, and in accordance with current public health rules and
guidelines concerning in‐person gatherings, the Meeting was held
virtually via the Lumi annual meeting platform pursuant to
suggestions by the Company’s registrar and transfer agent and
scrutineers, TSX Trust Company. A total of 106,024,254 common
shares of the Company (each, a “Common Share”), representing 28.85%
of the total Common Shares outstanding, were represented in person
or by proxy at the Meeting. dynaCERT’s shareholders voted in favor
of all items of business put forward at the Meeting, being the
election of all nominated directors, the re‐appointment of BDO
Canada LLP as the auditors of the Company, the approval of the
Company's amended and restated stock option plan and the approval
of the Company's restricted share unit plan.
The votes in respect of each of these items were
held via ballot, the results of which were as follows:
Description of Matter Voted Upon |
Result ofVote |
Votes by Ballot |
Votes For# (%) |
Votes Against#
(%) |
VotesWithheld#
(%) |
1. Ordinary resolution fixing the number of directors at seven
(7) |
Passed |
105,247,595 (99.27%) |
776,659 (0.73%) |
|
2. Ordinary resolution approving the election of the following
nominees as directors of the Corporation
- James Payne
- Robert Maier
- Jean-Pierre Colin
- Wayne Hoffman
- Richard Lu
- Elliot Strashin
- Amir Farahi
|
ElectedElectedElectedElectedElectedElectedElected |
102,419,255 (96.60%)102,645,195 (96.81%)98,376,987
(92.79%)99,725,196 (94.06%)100,918,168 (95.18%)99,641,269
(93.98%)99,252,189 (93.61%) |
|
3,604,999 (3.40%)3,379,059 (3.19%)7,647,267 (7.21%)6,299,058
(5.94%)5,106,086 (4.82%)6,382,985 (6.02%)6,772,065 (6.39%) |
3. Ordinary resolution approving the appointment of BDO Canada LLP
as auditors of the Corporation |
Passed |
105,447,732 (99.46%) |
|
576,522 (0.54%) |
4. Ordinary resolution approving the amended and restated Stock
Option Plan of the Corporation |
Passed |
70,155,113 (66.17%) |
35,869,141 (33.83%) |
|
5. Ordinary resolution approving the Restricted Share Unit Plan of
the Corporation |
Passed |
96,826,462 (91.32%) |
9,197,792 (8.68%) |
|
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes
Carbon Emission Reduction Technology for use with internal
combustion engines. As part of the growing global hydrogen economy,
our patented technology creates hydrogen and oxygen on-demand
through a unique electrolysis system and supplies these gases
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology is
designed for use with many types and sizes of diesel engines used
in on-road vehicles, reefer trailers, off-road construction, power
generation, mining and forestry equipment, marine vessels and
railroad locomotives. Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance of achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will
yield the expected benefits; availability and cost of capital; the
ability to identify and develop and achieve commercial success for
new products and technologies; the level of expenditures necessary
to maintain and improve the quality of products and services;
changes in technology and changes in laws and regulations; the
uncertainty of the emerging hydrogen economy; including the
hydrogen economy moving at a pace not anticipated; our ability to
secure and maintain strategic relationships and distribution
agreements; and the other risk factors disclosed under our profile
on SEDAR at www.sedar.com. Readers are cautioned that this list of
risk factors should not be construed as exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
Neither the
Toronto
Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Toronto
Stock Exchange) accepts
responsibility for the adequacy or accuracy of the
release.
On Behalf of the Board
Murray James Payne,
CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1nmassicotte@dynaCERT.com
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