Flow Beverage Corp. Announces Annual General Meeting Results

Rhea-AI Summary

Flow Beverage Corp. announced the results of its annual general meeting, with over 72 million votes cast, approving all matters, including the election of five director nominees. Shareholders also approved the reappointment of Ernst & Young LLP as the auditor and the amendment to the Company's incentive plan.

Positive

• Successful annual general meeting with high shareholder turnout.

• All matters put forward were approved by shareholders, including the election of five director nominees.

• Reappointment of Ernst & Young LLP as Flow's auditor indicates continuity and stability.

• Approval of the amendment to the Company's incentive plan shows strategic planning for future growth.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) is pleased to announce the voting results from its annual general meeting of the shareholders (the “Meeting”), held on April 29, 2024. A total of 72,391,043 votes were represented in person or by proxy at the Meeting, constituting approximately 56.68% of the Company’s total issued and outstanding subordinate voting shares and multiple voting shares as of the record date.

All of the matters put forward before shareholders for consideration and approval as set out in the Company’s management information circular dated March 20, 2024 (the “Circular”) were approved by the shareholders. Each of the five director nominees was elected as a director of Flow. Detailed results of the vote are set out below.

Nominee	Votes For	Votes Against	Total Votes Cast	Percentage of Votes For	Percentage of Votes Against
Patrick Bousquet-Chavanne	68,814,634	516,594	69,331,228	99.255	0.745
Stephen A. Smith	68,814,634	516,594	69,331,228	99.255	0.745
Michael Lines	67,866,626	1,464,602	69,331,228	97.888	2.112
Joseph Jackman	68,776,868	554,360	69,331,228	99.200	0.800
Nicholas Reichenbach	68,676,644	654,584	69,331,228	99.056	0.944

All other item of business put forward at the Meeting were approved, being the reappointment of Ernst & Young LLP as Flow’s auditor and the approval of the amendment to the Company’s omnibus incentive plan and approval of the unallocated awards thereunder. Further details on these items of business can be found in the report of voting results and management information circular which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Flow

Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a recyclable and up to 75% renewable, plant-based pack. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water and award-winning organic flavours in sizes ranging from 330-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available at retailers in Canada and the United States, and online at flowhydration.com.

For more information on Flow, please visit Flow’s investor relations site at: investors.flowhydration.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430943807/en/

Trent MacDonald, Chief Financial Officer

1-844-356-9426

investors@flowhydration.com

Investors:

Marc Charbin

investors@flowhydration.com

Media:

Natasha Koifman

nk@nkpr.net

Source: Flow Beverage Corp.

FAQ

<p>When was Flow Beverage Corp.'s annual general meeting held?</p>

Flow Beverage Corp.'s annual general meeting was held on April 29, 2024.

<p>How many votes were represented at the annual general meeting?</p>

A total of 72,391,043 votes were represented at the annual general meeting.

<p>Who were the director nominees elected at the meeting?</p>

The director nominees elected were Patrick Bousquet-Chavanne, Stephen A. Smith, Michael Lines, Joseph Jackman, and Nicholas Reichenbach.

<p>What items were approved by shareholders at the meeting?</p>

Shareholders approved the reappointment of Ernst & Young LLP as Flow's auditor and the amendment to the Company's incentive plan.

<p>Where can more details on the voting results be found?</p>

More details on the voting results can be found in the report of voting results and management information circular available on SEDAR+ at www.sedarplus.ca.