TIDMEGI
RNS Number : 7815B
Electrical Geodesics, Inc
21 June 2016
Electrical Geodesics, Inc.
AGM Results
EUGENE, OREGON, US, 21 June 2016 - Electrical Geodesics, Inc.
("EGI" or the "Company"), a leading neurodiagnostic medical
technology company, today announces that all of the resolutions set
out in the Company's Notice of Annual General Meeting (the
"Meeting") issued to stockholders on 4 May 2016 were passed by
stockholders at the Meeting held in Eugene at 9.30 PST yesterday.
The Annual Report and Accounts for the year ended 31 December 2015
were also received by the meeting.
Don Tucker, CEO of EGI, addressed the meeting briefly,
summarising the information on the progress of EGI set out within
the 2015 Annual Report. He added: "We will provide detailed comment
on current trading early in July with an update on our first six
months operations. Our major development projects are progressing
well and we believe we can deliver new products to the market in
the near term in time to meet our sales targets for 2016."
Proxy Voting Results
Proxy and actual voting results in respect of Ordinary
Resolutions 1 to 4 are shown below. Votes were received from
holders of 21,188,186 shares representing 77% of the issued share
capital.
RESOL-UTION PROXY VOTES TOTAL VOTES
VOTES PRESENT VOTES % VOTES % WITHHELD %
FOR FOR FOR AGAINST
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
1.a 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
1.b 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
1.c 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
1.d 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
1.e 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
2 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
3 19,396,523 874,997 20,271,520 95.7% 916,666 4.3% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
4 20,313,189 874,997 21,188,186 100% 0 0% 0 0%
------------ ------------- -------- ----------- ----- --------- ---- ---------- ---
Ordinary Resolutions
1.a To reappoint Don Tucker as a director
1.b To reappoint Ann Bunnenberg as a director
1.c To reappoint Christine Soden as a director
1.d To reappoint John Brown as a director
1.e To reappoint Raymond Englander as a director
2. To re-appoint Peterson Sullivan LLP as auditors of the Company.
3. To authorise the Directors of the Company to determine the remuneration of the auditors.
4. To amend the Electrical Geodesics, Inc., 2013 Equity
Incentive Plan to increase the number of shares of
Common Stock that may be issued under that plan from 1,711,415 shares to 1,926,800.
Copies of all resolutions and all documents referred to above
are available on the Company's website at www.egi.com.
For more information contact:
EGI
US: Ann Bunnenberg +1 541 687 7962
Peel Hunt LLP (NOMAD and +44 (0) 20 7418
Broker) 8900
James Steel, Oliver Jackson
About EGI
Founded in 1992, EGI designs, develops and commercialises a
range of non-invasive neurodiagnostic products used to monitor and
interpret brain activity based on its proprietary dense array
electroencephalography ("dEEG") platform technology. The Company's
technology uses up to 256 sensors, providing much higher resolution
brain activity data compared to conventional 8 or 16 channel EEG
and is used in medical, clinical and research settings in a diverse
range of applications including important areas such as the
diagnosis and monitoring of epilepsy, neurosurgical planning, sleep
assessment, and many others.
EGI's dense array technology capitalizes on the Company's unique
Hydrocel Geodesic Sensor Net which allows faster, easier, and more
convenient placement of many EEG sensors in an even distribution
over the entire scalp, providing more accurate and precise
diagnosis and measurement. EGI's technology is now widely used in
neuroscience research laboratories and is becoming more commonly
used in clinics, care centers, and hospitals around the world. Data
is measured and visualised using EGI's proprietary amplifier
technology and software, providing a complete, advanced,
high-resolution EEG platform. The Company's products are compatible
with multiple diagnostic and imaging technologies, including
magnetic resonance (MR) imaging, functional MRI (fMRI), and
magneto-encephalography (MEG).
In April 2013 EGI commenced trading on the London Stock Exchange
AIM market under the symbol EGI.L. See www.egi.com for more
information on the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGSEWSMFFMSEDM
(END) Dow Jones Newswires
June 21, 2016 02:39 ET (06:39 GMT)
Elec Geo(DI) (LSE:EGI)
Historical Stock Chart
From Apr 2024 to May 2024
Elec Geo(DI) (LSE:EGI)
Historical Stock Chart
From May 2023 to May 2024