Base Carbon Announces Annual General and Special Meeting Results

Rhea-AI Summary

Base Carbon has announced the results of its Annual General and Special Meeting held on June 25, 2024. The meeting saw representation of 67,395,288 common shares, or 56.234% of the company's outstanding shares. Five directors were elected: Catherine Flax, Margot Naudie, Bruce Tozer, Michael Costa, and Andrew Fedak, with high approval ratings ranging from 95.992% to 99.869%.

Additionally, shareholders reappointed KPMG LLP as auditors with a 99.225% approval rate, and approved the company's amended equity incentive plan with a 98.212% majority. For more details, the management information circular dated May 10, 2024, is available on the company's profile at sedarplus.ca.

Positive

• High participation with 56.234% of outstanding shares represented.
• Directors elected with high approval ratings: Catherine Flax (98.685%), Margot Naudie (95.992%), Bruce Tozer (98.685%), Michael Costa (99.811%), Andrew Fedak (99.869%).
• Reappointment of KPMG LLP as auditors with 99.225% approval.
• Approval of the amended equity incentive plan with 98.212% votes in favor.

Negative

• None.

TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce the results of its Annual General and Special Meeting (the “Meeting”).

A total of 67,395,288 common shares, representing 56.234% of the issued and outstanding common shares of the Company, were represented at the Meeting. Five (5) directors were elected to the Company’s board for the ensuing year. The following is a tabulation of the votes submitted in person and by proxy:

Director Nominee	# of Votes in Favour	% of Votes in Favour	# of Votes Withheld	% of Votes Withheld
Catherine Flax	63,552,577	98.685%	847,039	1.315%
Margot Naudie	61,818,378	95.992%	2,581,238	4.008%
Bruce Tozer	63,552,588	98.685%	847,028	1.315%
Michael Costa	64,278,048	99.811%	121,568	0.189%
Andrew Fedak	64,314,945	99.869%	84,671	0.131%

Shareholders voted in favour of appointing KPMG LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration:

# of Votes in Favour	% of Votes in Favour	# of Votes Withheld	% of Votes Withheld
66,872,709	99.225%	522,579	0.775%

Shareholders also voted in favor of an ordinary resolution to approve, ratify and confirm the amended and restated equity incentive plan (the “Equity Incentive Plan”) and the unallocated shares underlying awards under the Equity Incentive Plan, the full text of which is set out in the information circular prepared for the Meeting.

# of Votes in Favour	% of Votes in Favour	# of Votes Against	% of Votes Against
63,248,373	98.212%	1,151,243	1.788%

For more information refer to the management information circular dated May 10, 2024, available on the Company’s profile at www.sedarplus.ca.

About Base Carbon

Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.

Media and Investor Inquiries

Base Carbon Inc.
Investor Relations
Tel: +1 647 952 3979
E-mail: investorrelations@basecarbon.com

Media Inquiries
E-mail: media@basecarbon.com

FAQ

What were the results of the Base Carbon Annual General and Special Meeting on June 25, 2024?

Base Carbon's Annual General and Special Meeting on June 25, 2024, saw 67,395,288 common shares represented, with five directors elected with high approval ratings and the reappointment of KPMG LLP as auditors.

How many shares were represented at Base Carbon's Annual General and Special Meeting?

A total of 67,395,288 common shares, representing 56.234% of the issued and outstanding shares, were represented at the meeting.

Who were elected as directors at Base Carbon’s Annual General and Special Meeting in 2024?

The elected directors were Catherine Flax, Margot Naudie, Bruce Tozer, Michael Costa, and Andrew Fedak.

What was the approval rating for the reappointment of KPMG LLP as auditors for Base Carbon?

KPMG LLP was reappointed as auditors with a 99.225% approval rating.

Was the amended equity incentive plan approved at Base Carbon’s Annual General and Special Meeting?

Yes, the amended equity incentive plan was approved with 98.212% votes in favor.