ESSA PHARMA INC. REPORTS RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Rhea-AI Summary

ESSA Pharma Inc. (NASDAQ: EPIX) announced the results of its Annual General Meeting of Shareholders held virtually on March 9, 2022. Shareholders set the board of directors at eight members, re-electing all members, including David R. Parkinson and Richard M. Glickman, with high approval percentages. The shareholders also approved the re-appointment of Davidson & Company LLP as auditors and amended the omnibus incentive plan to increase share reserves. Additionally, they supported a non-binding advisory vote on executive compensation frequency for one year.

Positive

• High approval rates for board members: David R. Parkinson (99.90%), Richard M. Glickman (99.48%).
• Re-appointment of reliable auditors, Davidson & Company LLP.
• Amendment to the omnibus incentive plan, allowing for more common shares to be issued.

Negative

• Franklin M. Berger received only 70.34% approval, indicating potential shareholder concerns.
• Alex Martin faced significant opposition with 8.47% votes withheld.

SOUTH SAN FRANCISCO, California and VANCOUVER, Canada, March 9, 2022 /PRNewswire/ - ESSA Pharma Inc. ("ESSA" or the "Company") (NASDAQ: EPIX), a clinical stage pharmaceutical company focused on developing novel therapies for the treatment of prostate cancer, is pleased to announce the results of the votes on matters considered at its Annual General Meeting of Shareholders held virtually on March 9, 2022 (the "Meeting").

At the Meeting, the shareholders of the Company (the "Shareholders") resolved to set the number of directors of the Company at eight and re-elected to the board of directors, by ordinary resolution passed by ballot vote, David R. Parkinson, Richard M. Glickman, Gary Sollis, Franklin M. Berger, Scott Requadt, Marella Thorell, Alex Martin, and Sandy Zweifach to serve in office until the next annual meeting or until their successors are duly elected or appointed. Detailed results of the voting in respect of the election of directors are as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
David R. Parkinson	29,377,984	99.90%	28,772	0.10%
Richard M. Glickman	29,253,929	99.48%	152,827	0.52%
Gary Sollis	28,596,127	97.24%	810,629	2.76%
Franklin M. Berger	20,684,413	70.34%	8,722,343	29.66%
Scott Requadt	29,369,580	99.87%	37,176	0.13%
Marella Thorell	28,847,371	98.10%	559,385	1.90%
Alex Martin	26,914,856	91.53%	2,491,900	8.47%
Sandy Zweifach	29,387,996	99.94%	18,760	0.06%

At the Meeting, the Shareholders also approved: (i) the re-appointment of Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company; (ii) an amendment to the Company's omnibus incentive plan (as amended, the "Amended Omnibus Plan") to increase the number of common shares of the Company reserved and available for issuance under the Amended Omnibus Plan; (iii) on a non-binding advisory basis, the compensation of the Company's named executive officers; and (iv) on a non-binding advisory basis, "one year" as the frequency of solicitation for advisory shareholder approval of executive compensation.

About ESSA Pharma Inc.

ESSA is a clinical-stage pharmaceutical company focused on developing novel and proprietary therapies for the treatment of patients with prostate cancer. For more information, please visit www.essapharma.com and follow us on Twitter under @ESSAPharma.

View original content:https://www.prnewswire.com/news-releases/essa-pharma-inc-reports-results-of-annual-general-meeting-of-shareholders-301499745.html

SOURCE ESSA Pharma Inc

FAQ

What were the results of the ESSA Pharma Inc. Annual General Meeting on March 9, 2022?

The meeting resulted in the re-election of all eight directors with high approval percentages, along with the re-appointment of auditors and amendments to the incentive plan.

Who were re-elected to the board of directors at ESSA Pharma's 2022 AGM?

David R. Parkinson, Richard M. Glickman, Gary Sollis, Franklin M. Berger, Scott Requadt, Marella Thorell, Alex Martin, and Sandy Zweifach.

What percentage of votes did Franklin M. Berger receive at the AGM?

Franklin M. Berger received 70.34% approval, with 29.66% votes withheld.

How did shareholders respond to executive compensation at ESSA Pharma's AGM?

Shareholders approved a non-binding advisory vote on the frequency of executive compensation solicitation for one year.