Ackroo Announces Results of Annual General Meeting

Rhea-AI Summary

Ackroo Inc. held its Annual General Meeting (AGM) virtually on September 1, 2021, where shareholders approved all key proposals including the election of directors and the re-appointment of Grant Thornton LLP as auditor. Notably, 99% of votes favored the nominees. The elected directors include Steve Levely, Sam Cole, Wayne O’Connell, Kristaps Ronka, Jason Donville, and Francis Shen. The meeting also ratified the Company’s incentive stock option plan and allowed Shen Capital the potential to become a control person of Ackroo. Further details are available in the management proxy circular on SEDAR.

Positive

• 99% of shares voted in favor of all proposals at the AGM, showcasing strong shareholder support.
• Re-appointment of Grant Thornton LLP as auditor for the next year ensures continuity in financial oversight.
• The election of a diverse board of directors may enhance governance and strategic decision-making.

Negative

• None.

Ackroo Shareholders Approve all Matters Presented at AGM

HAMILTON, Ontario, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR, OTC: AKRFF) (“Ackroo” or the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, announces that all of the nominees proposed as directors and listed in the Company’s management proxy circular for 2021 were elected as directors at the Company’s annual general meeting held virtually on September 1^st, 2021. Shareholders also approved the re-appointment of Grant Thornton LLP as the auditor of the Company for the ensuing year, the ratification of the Company’s incentive stock option plan and the approval of Shen Capital to potentially be a control person of the Company. 99 percent of shares voted were cast in favour of each of the nominees, along with all other matters proposed at the meeting.

The elected directors of the Company are as follows:

• Steve Levely
• Sam Cole
• Wayne O’Connell
• Kristaps Ronka
• Jason Donville
• Francis Shen

For further information regarding the matters presented at the meeting, readers are encouraged to review the Company’s management proxy circular, a copy of which is available under the Company’s profile on SEDAR (www.sedar.com).

About Ackroo
Through vendor and industry consolidation, Ackroo provides marketing, payment and point-of-sale solutions for merchants of all sizes. Ackroo’s self-serve, data driven, cloud-based marketing platform helps merchants in-store and online process and manage loyalty, gift card and promotional transactions at the point of sale in order to attract, engage and grow their customers while increasing their revenues and margins. Ackroo’s payment services provide merchants with low-cost payment processing options through some of the world’s largest payment technology and service providers. Ackroo’s hybrid management and point-of-sale solutions help manage and optimize the general operations for niche industry’s including golf clubs, automotive dealers and more. All solutions are focused on helping to consolidate, simplify and improve the merchant marketing, payments and point-of sale ecosystem for their clients. Ackroo is headquartered in Hamilton, Ontario, Canada. For more information, visit: www.ackroo.com.

For information, please contact:

Steve Levely Chief Executive Officer | Ackroo Tel: 613-599-2396 x730 Email: slevely@ackroo.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This release contains forecasts and forward-looking statements that are not guarantees of future performance and activities and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, but are not limited to: the company’s ability to raise enough capital to support the company’s go forward plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; projected capital expenditures and liquidity; changes in the company’s strategy; government regulations and approvals; changes in customers’ budgeting priorities; plus other factors that may arise. Any forward-looking statements in this press release are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

FAQ

What happened at Ackroo's AGM on September 1, 2021?

At the AGM, shareholders approved all matters presented, including the election of directors and the re-appointment of auditors.

Who were elected as directors at Ackroo's AGM?

The elected directors include Steve Levely, Sam Cole, Wayne O’Connell, Kristaps Ronka, Jason Donville, and Francis Shen.

What percentage of shareholders voted in favor of the proposals at Ackroo's AGM?

99% of shares voted in favor of all proposals at the AGM.

Which auditing firm was re-appointed at Ackroo's AGM?

Grant Thornton LLP was re-appointed as the auditor for the ensuing year.

Where can I find more information about Ackroo's AGM decisions?

Further information is available in the Company’s management proxy circular on SEDAR.