Eguana Technologies Inc. ("Eguana" or the "Company"), a leading provider of high-performance energy storage systems, announces the results of its annual general and special meeting held on September 26, 2024 (the "Meeting").
At the Meeting, all matters presented were duly approved and authorized by the Company's shareholders, which included: (i) the number of directors of the Company being fixed at five; (ii) the election of the directors of the Company, being Michael Carten, Justin Holland, Karen Hayward, and George W. Powlick; (iii) the appointment of MNP LLP as auditor of the Company for the ensuing year and for the Board of Directors to fix the auditor's remuneration, together with the terms of their engagement; (iv) the amendment to the Company's articles to effect a consolidation of Eguana's issued and outstanding common shares, at a ratio to be determined by the Board of Directors, between the range of 3:1 to 10:1, at any time over the next twelve months, if at all, only upon determination of the Board of Directors; and v) the updated Company Stock Option Plan, to align it with the updated policies of the TSX Venture Exchange, and hence increasing the maximum number of Eguana's common shares that may be issued under the Stock Option Plan to 44,895,600, such number which is equal to 10% of the issued and outstanding common shares of the Company, and to shorten the terms of final exercise, upon ceasing to be an employee, officer, director or consultant. All matters received 70% or more of eligible votes cast, for the resolution.