BTQ Technologies Corp. Announces Voting Results of Annual General and Special Meeting

Rhea-AI Summary

BTQ Technologies Corp. announced that all eight nominees for the board of directors were elected at the annual general and special meeting. Shareholders also approved the re-appointment of BDO LLP as auditors and the omnibus equity incentive plan.

VANCOUVER, BC, Aug. 31, 2023 /PRNewswire/ - BTQ Technologies Corp.. (NEO: BTQ) (FRA: NG3) (OTCQX: BTQQF) ("BTQ" or the "Company") announced today that, at the annual general and special meeting (the "Meeting") of shareholders of the Company ("Shareholders") that was held on Wednesday, August 30th, 2023, all eight nominees for the board of directors of the Company were elected, the voting results of which are as follows:

Director	Number and percentage of shares represented in person or by proxy and entitled to vote at the Meeting that were voted FOR	Number and percentage of shares represented in person or by proxy and entitled to vote at the Meeting that were WITHHELD from voting
Olivier Roussy Newton	47,355,134 (100 %)	0 (0 %)
Nicolas Roussy Newton	47,340,897 (99.97 %)	14,237 (0.03 %)
Michael Resendes	47,355,134 (100 %)	0 (0 %)
Johan Wattenstrom	47,352,184 (99.99 %)	2,950 (0.01 %)
Kevin Mulhern	47,352,184 (99.99 %)	2,950 (0.01 %)

Notes:

Shareholders also approved (i) the re-appointment of BDO LLP as auditors of the Company until the close of the next annual general meeting of shareholders and the directors were authorized to determine their remuneration (ii) the omnibus equity incentive plan (the "Omnibus Plan") as set forth in the Information Circular.

Full details of the foregoing are contained in the Report of Voting Results for the Meeting which has been filed on SEDAR at www.sedar.com.

 

About BTQ
BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

Connect with BTQ: Website | LinkedIn

ON BEHALF OF THE BOARD OF DIRECTORS

Olivier Roussy Newton

CEO, Chairman

Neither the NEO nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information

Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.

The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE BTQ Technologies Corp.

FAQ

Who were the nominees elected for the board of directors?

The elected nominees for the board of directors were Olivier Roussy Newton, Nicolas Roussy Newton, Michael Resendes, Johan Wattenstrom, and Kevin Mulhern.

What were the voting results for Nicolas Roussy Newton?

Nicolas Roussy Newton received 47,340,897 votes for (99.97%) and 14,237 votes withheld (0.03%).

What was approved by the shareholders at the meeting?

The shareholders approved the re-appointment of BDO LLP as auditors and the omnibus equity incentive plan.

Where can I find the full details of the voting results?

The full details of the voting results can be found in the Report of Voting Results for the Meeting filed on SEDAR at www.sedar.com.