TORONTO, June 29, 2021 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX:
TGO) (www.terago.ca), announced that the
nominees listed in the management information circular for the
Company's 2021 Annual and Special Meeting of Shareholders (the
"Meeting") were each either elected or re-elected as
directors of TeraGo.
The Company welcomed its newly elected director, Mr.
Martin (Marty) Pinnes, to its board
of directors. Mr. Pinnes most recently served as Vice President of
Finance and Corporate Development at FlexNetworks, a Toronto-based telecommunications provider that
serves a fibre-optic and wireless network to a diverse range of
customers in Canada. In that role at FlexNetworks, Mr. Pinnes
led both capital budgeting and numerous organic and inorganic
growth initiatives. Prior to FlexNetworks, Mr. Pinnes was an
investment professional at Treeline Capital Partners, and a Senior
Portfolio Manager at the Canada Pension Plan Investment Board, with
a focus on the telecommunications and media industries across
North America, Europe, and Latin
America. He has extensive investing experience across the
capital structure in public and private telecommunication
businesses and has served on multiple boards of private
companies.
Mr. Pinnes graduated from Colgate
University with degrees in Mathematical Economics and
Psychology.
"On behalf of the Board and the entire leadership team, I would
like to welcome Marty to the TeraGo board of directors," said
Ken Campbell, Chair of TeraGo's
Board. "Marty possesses the necessary skills and the relevant
experience to help accelerate TeraGo's mission in becoming one of
the first operators to launch commercial 5G fixed wireless services
in Canada. We look forward to
benefiting from his unique expertise as we execute on our near- and
long-term growth objectives."
Detailed results of the ballot voting for the election of
directors held today on June 29,
2021, as well as the other matters voted on at the virtual
Meeting are as follows:
|
Brief Description
of Matter Voted Upon
|
Outcome
of Vote
|
For
|
Against
|
|
1) In respect of
fixing of the number of directors of the Company at seven
(7);
|
Approved
|
10,892,657
(99.98%)
|
2,230
(0.02%)
|
|
2) In respect of
the election of directors to hold office until the close of the
next annual meeting of Shareholders or until their successors are
elected or appointed:
|
|
For
|
Withheld
|
|
Kenneth
Campbell
|
Approved
|
10,872,817
(99.80%)
|
22,070
(0.20%)
|
|
Matthew
Gerber
|
Approved
|
10,873,547
(99.80%)
|
21,340
(0.20%)
|
|
Michael
Martin
|
Approved
|
8,519,509
(78.20%)
|
2,375,378
(21.80%)
|
|
Gary
Sherlock
|
Approved
|
10,773,556
(98.89%)
|
121,331
(1.11%)
|
|
Laurel
Buckner
|
Approved
|
10,873,082
(99.80%)
|
21,805
(0.20%)
|
|
Richard
Brekka
|
Approved
|
8,419,518
(77.28%)
|
2,475,369
(22.72%)
|
|
Martin
Pinnes
|
Approved
|
10,873,547
(99.80%)
|
21,340
(0.20%)
|
|
3) In respect of
the re-appointment of KPMG LLP, Chartered Accountants as auditors
of the Company to hold office until the next annual meeting of
Shareholders and authorizing the directors to fix their
remuneration.
|
Approved
|
10,916,859
(99.98%)
|
2,230
(0.02%)
|
|
|
For
|
Against
|
|
4) In respect of
the resolution to amend the Company's share option plan, and the
reservation of 300,000 additional common shares issuable upon the
vesting and due exercise of any options granted under such
plan.
|
Approved
|
8,124,707
(74.57%)
|
2,770,180
(25.43%)
|
A report of voting results for each resolution presented at the
Meeting prepared in accordance with National Instrument 51-102 –
Continuous Disclosure Obligations has been filed on
www.sedar.com.
About TeraGo
TeraGo owns a national spectrum portfolio of exclusive 24 GHz
and 38 GHz wide-area spectrum licences including 2,120 MHz of
spectrum across Canada's 6 largest
cities. TeraGo provides businesses across Canada with cloud, colocation and connectivity
services. TeraGo manages over 3,000 cloud workloads, operates five
data centres in the Greater Toronto
Area, the Greater Vancouver
Area, and Kelowna, and owns
and manages its own IP network. The Company serves business
customers in major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg. For more information about TeraGo,
please visit www.terago.ca.
SOURCE TeraGo Inc.