TORONTO, May 2, 2023 /CNW/ - Neo Performance Materials
Inc. ("Neo" or the "Company") (TSX: NEO) today
confirmed details regarding its upcoming annual general and special
shareholders' meeting (the "Meeting") to be held on
June 8, 2023 at 4:00 p.m. and announced the filing of its
management information circular ("Circular"), which has been
filed on SEDAR together with related meeting and proxy materials
(collectively, the "Meeting Materials").
As disclosed in our Meeting Materials, registered shareholders
and duly appointed proxyholders will be able to attend and vote at
the Meeting in-person and also access the Meeting via a live
listen-only audio-cast by conference call at (416) 764-8650
(Toronto local) or 1 (888)
664-6383 (North America toll
free). Shareholders of record as of the close of business on
April 26, 2023 are entitled to
receive notice of and vote at the Meeting and are encouraged to
vote by proxy in advance of the Meeting by one of the methods
described in the Circular.
For further information regarding the annual routine and special
business items to be considered at the Meeting, the Company's
shareholders should review and consider the Meeting Materials,
which contain important information concerning the Meeting and the
matters to be considered by the Company's shareholders. In
connection with the Meeting, the Toronto Stock Exchange (the
"TSX") has informed the Company that it has deferred its
approval of the Company's shareholder rights plan, including any
new plan adopted in the next three years, until the Company's
shareholders approve such plan. At the Meeting, the Company's
shareholders will be asked to approve, ratify and confirm an
amended and restated shareholder rights plan (the "A&R
Rights Plan"), which will be submitted to the TSX for
acceptance following the Meeting, assuming the Company's
shareholders approve, ratify and confirm the A&R Rights Plan by
the requisite majority at the Meeting. The Company's existing
shareholder rights plan remains in effect and will terminate in
accordance with its terms following the Meeting.
Copies of the Meeting Materials are available on Neo's profile
on SEDAR at www.sedar.com. Neo shareholders who have questions
about the matters to be considered at the Meeting may contact Neo's
strategic shareholder advisor and proxy solicitation agent,
Kingsdale Advisors, by phone or text at 1-800-285-8986 toll
free in North America or
1-416-867-2272 outside of North America (collect calls
accepted), or by email at contactus@kingsdaleadvisors.com.
About Neo Performance Materials
Neo manufactures the building blocks of many modern technologies
that enhance efficiency and sustainability. Neo's advanced
industrial materials - magnetic powders and magnets, specialty
chemicals, metals, and alloys - are critical to the performance of
many everyday products and emerging technologies. Neo's products
help to deliver the technologies of tomorrow to consumers
today. The business of Neo is organized along three segments:
Magnequench, Chemicals & Oxides and Rare Metals. Neo is
headquartered in Toronto, Ontario,
Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that
includes 9 manufacturing facilities located in China, the United
States, Germany,
Canada, Estonia, and Thailand, as well as one dedicated research
and development centre in Singapore. For more information,
please visit www.neomaterials.com.
Cautionary Statements Regarding Forward-Looking
Statements
This news release may contain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Generally, but not always, forward-looking information and
statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates", or "believes" or the negative
connotation thereof or variations of such words and phrases or
state that certain actions, events or results "may",
"could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative
connotation thereof. Specific forward-looking statements in this
news release include, but are not limited to, the following: the
Company's upcoming annual and special meeting of Shareholders,
including the timing and conduct of such Meeting and the matters to
be considered by the Company's shareholders at the Meeting, the
review and approval process of the A&R Rights Plan by the
Company's shareholders and the acceptance of the A&R Rights
Plan by the TSX. In making the forward-looking information in this
news release, the Company has applied certain factors and
assumptions that are based on its current beliefs as well as
assumptions made by and information currently available to the
Company. Although the Company considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect, and the forward-looking information in this
release are subject to numerous risks, uncertainties and other
factors that may cause future results to differ materially from
those expressed or implied in such forward-looking information.
Readers are cautioned not to place undue reliance on
forward-looking information. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking information whether as a result of new
information, future events or otherwise, except as required by law.
For more information on Neo, investors should review Neo's
continuous disclosure filings that are available under Neo's
profile at www.sedar.com.
SOURCE Neo Performance Materials, Inc.