DAVIDsTEA Announces Results of Annual Meeting
On July 31, 2020, DAVIDsTEA (DTEA) announced the successful re-election of five directors during its annual shareholder meeting in Montreal. The nominees received strong support, with voting percentages for each ranging from 98.72% to 99.37%. Alongside the director elections, Ernst & Young LLP was re-appointed as the company's auditor. DAVIDsTEA continues to position itself as a prominent retailer of specialty teas, providing a broad selection through its e-commerce platform and retail presence in Canada.
- High voter turnout for nominated directors, with percentages from 98.72% to 99.37%, indicating strong shareholder support.
- Re-appointment of Ernst & Young LLP as auditor, suggesting confidence in financial oversight.
- None.
MONTREAL, July 31, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) is pleased to announce that the five nominees listed in its management information circular dated June 25, 2020 were re-elected as directors at the Company’s annual meeting of shareholders held today in Montreal. According to proxies received and ballots cast, the votes were as follows:
| Name of Nominee | Votes for | % | Votes Withheld | % |
| Herschel Segal | 13,478,650 | 98.72 | 174,855 | 1.28 |
| Susan L. Burkman | 13,567,583 | 99.37 | 85,922 | 0.63 |
| Pat De Marco | 13,515,669 | 98.99 | 137,836 | 1.01 |
| Emilia Di Raddo | 13,508,956 | 98.94 | 144,549 | 1.06 |
| Peter Robinson | 13,518,146 | 99.01 | 135,359 | 0.99 |
At the annual meeting, DAVIDsTEA’s shareholders also re-appointed Ernst & Young LLP, Chartered Professional Accountants, as DAVIDsTEA’s auditor.
About DAVIDsTEA
DAVIDsTEA is a leading branded retailer and growing mass wholesaler of specialty tea, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories on our e-commerce platform at www.davidstea.com and through 18 Company-owned and operated retail stores in Canada. A selection of DAVIDsTEA products is also available in more than 2,500 grocery stores and pharmacies across Canada. The Company is headquartered in Montréal, Canada.
| Investor Contact MaisonBrison Communications Pierre Boucher 514-731-0000 investors@davidstea.com | Media Contact PELICAN PR Lyla Radmanovich 514-845-8763 media@rppelican.ca |
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