BBTV Holdings Announces Shareholder Meeting Results

Rhea-AI Summary

BBTV Holdings Inc. announced the outcomes of its annual general and special meeting held on June 30, 2021. All proposals were approved, with approximately 87.02% of shareholder votes represented. A total of five directors were elected, with Shahrzad Rafati receiving 98.97% support, followed by Hamed Shahbazi (99.50%) and Michele Romanow (99.81%). PricewaterhouseCoopers LLP was appointed as auditor, and shareholders approved an amendment to the company's Legacy Stock Option Plan, enabling extension of option expiry dates during blackout periods.

Positive

• All proposals at the shareholder meeting were approved, indicating strong shareholder support.
• Shahrzad Rafati received 98.97% of votes in favor of election as director.

Negative

• None.

VANCOUVER, BC, June 30, 2021 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF) ("BBTV" or the "Company") is pleased to announce that at its annual general and special meeting held June 30, 2021 (the "Meeting") all matters presented to shareholders were approved as referred to in its notice of meeting and information circular dated May 18, 2021.

Holders of both Multiple Voting Shares and Subordinate Voting Shares were entitled to vote at the Meeting. There were 32 shareholders represented in person or by proxy at the Meeting holding 68,066,940 votes, representing approximately 87.02% of BBTV's total shareholder votes for the meeting.

Shareholders set the number of directors at 5, and elected each of the Management nominees for election as directors listed in BBTV's information circular. Voting results for the election of directors at the Meeting were as follows:

	Votes For		Votes Withheld
	#	%	#	%
Shahrzad Rafati	67,250,642	98.97%	702,085	1.03%
Hamed Shahbazi	67,611,172	99.50%	341,555	0.50%
Michele Romanow	67,824,653	99.81%	128,074	0.19%
Ryan Holmes	67,826,138	99.81%	126,589	0.19%
Marcel Reichart	67,823,638	99.81%	129,089	0.19%

PricewaterhouseCoopers LLP was appointed auditor of BBTV until the next annual meeting of BBTV and shareholders approved an amendment to BBTV's Legacy Stock Option Plan to include a provision to extend option expiry dates which would otherwise expire during blackout periods, all as more particularly described in the Information Circular.

Additional details on the voting results for matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR (www.sedar.com) filed on June 30, 2021.

About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, BBTV provides comprehensive, end-to-end Solutions to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In January 2021, BBTV had the second most unique monthly viewers among digital platforms with more than 600 million globally, who consumed more than 50 billion minutes of video content, the most among media companies [1]. (www.bbtv.com)

[1] Calculations and classifications made by BBTV based on data from Comscore's "Top 12 Countries = January 2021 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~50% of world's digital population.

For further information

Media Relations
Dan Gamble
Head of PR & Corporate Communications
778-873-0422
dgamble@bbtv.com

Investor Relations
ir@bbtv.com

Ron Shuttleworth
Partner
Oak Hill Financial Inc
(647)-500-7371
rshuttleworth@oakhillfinancial.ca

BBTV-C

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SOURCE BBTV Holdings Inc.

FAQ

What were the results of the BBTVF shareholder meeting held on June 30, 2021?

All proposals were approved at the BBTVF shareholder meeting, with 87.02% of votes represented.

Who were elected as directors during BBTV's annual meeting on June 30, 2021?

Shahrzad Rafati, Hamed Shahbazi, Michele Romanow, Ryan Holmes, and Marcel Reichart were elected as directors.

What percentage of votes did Shahrzad Rafati receive in the BBTVF shareholder meeting?

Shahrzad Rafati received 98.97% of the votes in favor during the BBTVF shareholder meeting.

Which company was appointed as the auditor for BBTV Holdings Inc. during the meeting?

PricewaterhouseCoopers LLP was appointed as the auditor for BBTV Holdings Inc.

What amendment was approved regarding the Legacy Stock Option Plan at the BBTVF meeting?

An amendment was approved to include a provision for extending option expiry dates during blackout periods.