Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) held its 2024 annual general and special meeting of shareholders on August 13 in Toronto. 23.6% of the company's issued and outstanding Common Shares were represented. Shareholders approved all items of business, including the appointment of MNP LLP as external auditors and the election of four director nominees. The 2022 Amended and Restated LTIP was approved, increasing the number of awards issuable, with a total of 7,319,847 Common Shares now reserved for issuance. The Employee Share Purchase Plan was also approved, with a maximum of 1,000,000 Common Shares reserved. Both plans are subject to final acceptance by the TSX Venture Exchange.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) ha tenuto la sua assemblea annuale generale e speciale degli azionisti il 13 agosto a Toronto. Il 23,6% delle azioni ordinarie emesse e in circolazione della società erano rappresentate. Gli azionisti hanno approvato tutti i punti all'ordine del giorno, compresa la nomina di MNP LLP come revisori esterni e l'elezione di quattro candidati al consiglio di amministrazione. È stata approvata la 2022 Amended and Restated LTIP, che ha aumentato il numero di premi disponibili, con un totale di 7.319.847 azioni ordinarie ora riservate per l'emissione. È stato approvato anche il piano di acquisto di azioni per i dipendenti, con un massimo di 1.000.000 azioni ordinarie riservate. Entrambi i piani sono soggetti all'accettazione finale da parte della TSX Venture Exchange.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) celebró su reunión general anual y especial de accionistas el 13 de agosto en Toronto. El 23.6% de las acciones ordinarias emitidas y en circulación de la empresa estaba representado. Los accionistas aprobaron todos los puntos del orden del día, incluida la nombramiento de MNP LLP como auditores externos y la elección de cuatro candidatos para el consejo de administración. Se aprobó el 2022 Amended and Restated LTIP, que incrementa el número de premios emitibles, reservando un total de 7,319,847 acciones ordinarias para su emisión. También se aprobó el Plan de Compra de Acciones para Empleados, con un máximo de 1,000,000 acciones ordinarias reservadas. Ambos planes están sujetos a la aceptación final por parte de la TSX Venture Exchange.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM)는 8월 13일 토론토에서 2024년 정기 총회 및 특별회의를 개최했습니다. 회사의 발행 및 유통되고 있는 보통주 23.6%가 참석했습니다. 주주들은 외부 감사인으로 MNP LLP의 임명과 4명의 이사 후보 선출을 포함한 모든 사업 항목을 승인했습니다. 2022 수정 및 재시설된 LTIP가 승인되어 발급 가능한 상금의 수가 증가하였으며, 현재 7,319,847 보통주가 발급을 위해 예약되어 있습니다. 직원 주식 구매 계획도 승인되어 1,000,000 보통주가 최대 한도로 예약되었습니다. 두 계획 모두 TSX 벤처 거래소의 최종 수락을 받아야 합니다.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) a tenu son assemblée générale annuelle et spéciale des actionnaires le 13 août à Toronto. 23,6 % des actions ordinaires émises et en circulation de la société ont été représentées. Les actionnaires ont approuvé tous les points à l'ordre du jour, y compris la nomination de MNP LLP en tant qu'auditeurs externes et l'élection de quatre candidats au conseil d'administration. Le 2022 Amended and Restated LTIP a été approuvé, augmentant le nombre de récompenses pouvant être attribuées, avec un total de 7 319 847 actions ordinaires maintenant réservées pour émission. Le Plan d'Achat d'Actions pour Employés a également été approuvé, avec un maximum de 1 000 000 actions ordinaires réservées. Les deux plans sont soumis à l'acceptation finale par la TSX Venture Exchange.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) hielt am 13. August in Toronto seine jährliche Haupt- und Sonderversammlung der Aktionäre ab. 23,6% der ausgegebenen und im Umlauf befindlichen Stammaktien des Unternehmens waren vertreten. Die Aktionäre genehmigten alle Beschlussgegenstände, einschließlich der Ernennung von MNP LLP als externe Prüfer und der Wahl von vier Direktorenkandidaten. Der 2022 geänderte und erneuerte LTIP wurde genehmigt, wodurch die Zahl der auszugebenden Prämien erhöht wurde, wobei nun insgesamt 7.319.847 Stammaktien für die Ausgabe reserviert sind. Der Mitarbeiteraktienkaufplan wurde ebenfalls genehmigt, wobei maximal 1.000.000 Stammaktien reserviert sind. Beide Pläne unterliegen der endgültigen Genehmigung durch die TSX Venture Exchange.
- All items of business were approved by shareholders, indicating strong support for the company's direction
- Increased number of awards issuable under the 2022 Amended and Restated LTIP, potentially improving employee retention and attraction
- Low shareholder turnout with only 23.6% of issued and outstanding Common Shares represented at the meeting
A total of 13,467,376 common shares in the capital of the Company (“Common Shares”), or
On a vote by ballot, each of the four director nominees listed in the management circular were elected to serve until the next annual meeting of shareholders or until their replacement is named:
Nominee |
Votes For |
% of Votes For |
Votes Against |
% of Votes Against |
Trent Mell |
4,933,319 |
|
947,188 |
|
John Pollesel |
5,388,410 |
|
492,097 |
|
CL “Butch” Otter |
5,334,346 |
|
546,161 |
|
Susan Uthayakumar |
5,379,182 |
|
501,326 |
|
2022 Amended and Restated LTIP
At the Meeting, shareholders also approved the 2022 amended and restated LTIP (the “2022 Amended and Restated LTIP”). The 2022 Amended and Restated LTIP was last approved by shareholders on October 24, 2023 and the LTIP Resolution does not amend the 2022 Amended and Restated LTIP, other than increasing the number of awards issuable under the 2022 Amended and Restated LTIP from 3,000,000 Options to 5,719,847 Options; from 350,000 PSUs to 400,000 PSUs; from 350,000 RSUs to 500,000 RSUs; and from 400,000 DSUs to 700,000 DSUs, such that the maximum number of Common Shares to be reserved for issuance under the 2022 Amended and Restated LTIP be revised from 4,100,000 Common Shares to 7,319,847 Common Shares.
ESP Plan
Shareholders also approved the Employee Share Purchase Plan for the Company (the “ESP Plan”). The ESP Plan was last approved by shareholders on October 24, 2023 and the ESP Plan Resolution does not amend the ESP Plan. A maximum of 1,000,000 Common Shares are reserved for issuance under the ESP Plan.
The 2022 Amended and Restated LTIP and ESP Plan were conditionally approved by the TSX Venture Exchange (the “TSXV”) on June 25, 2024 and remain subject to final acceptance of the TSXV.
The Company’s full voting results at the meeting are available on SEDAR+ at www.sedarplus.com.
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery materials. Currently focused on developing North America’s only cobalt sulfate refinery, Electra is executing a phased strategy to onshore the electric vehicle supply chain and provide a North American solution for EV battery materials refining. In addition to building North America’s only cobalt sulfate refinery, its strategy includes integrating black mass recycling, potential cobalt sulfate processing in
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240813421702/en/
Heather Smiles
Vice President, Investor Relations & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891
Source: Electra Battery Materials Corporation
FAQ
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