Fineqia Announces Votes at Its 2022 Annual General Meeting

Rhea-AI Summary

Fineqia International Inc. held its Annual General Meeting (AGM) on March 31, 2022, with 503,075,098 shares (55.88% of issued shares) represented. Resolutions passed with voting support between 81.70% and 99.98%. Four directors were elected, including CEO Bundeep Singh Rangar, with over 99% support. Baker Tilly LLP was appointed auditor, and the 20% Rolling Stock Option Plan received approval. The company is preparing for a successful completion of a previously announced private placement, strengthening its growth strategy.

Positive

• Over 55.88% of shares represented at AGM indicates shareholder engagement.
• Resolutions passed with strong support (81.70% to 99.98%).
• Appointment of Baker Tilly LLP as auditor signals continuity in financial oversight.
• Successful passing of the 20% Rolling Stock Option Plan supports employee incentives.
• The announcement of a Chief Strategy Officer and Head of Global Distribution highlights growth intentions.

Negative

• Approval of the new stock option plan may lead to shareholder dilution.

LONDON, April 5, 2022 /PRNewswire/ - Fineqia International Inc. (the "Company" or "Fineqia") (CSE: FNQ) is pleased to announce the voting results of its Annual General Meeting (the "AGM" or "Meeting") held on March 31, 2022.  A total of 503,075,098 common shares denoting 55.88% of the issued shares of the Company were represented at the Meeting.

"The Company is pleased to announce the achievement of proxies for more than 55.88% with between 81.70% and 99.98% voting 'for' the resolutions," said Fineqia's CEO Bundeep Singh Rangar.

Number of Directors 2022

The number of Directors of the Company has been fixed at four (4) for the year. Shareholders present in person or represented via proxy at the Meeting voted as follows:

	Number of Shares			Percentage of Votes Cast
	For	Against	Withheld / Abstain	For	Against	Withheld/Abstain
Number of Directors (4)	499,697,151	589,233	0	99.88%	0.12%	0%

Election of Directors 2022

All four (4) nominees listed in the information circular for the Meeting were elected as Directors of the Company.  Shareholders present in person or represented via proxy at the Meeting voted as follows.

Nominee	Number of Shares			Percentage of Votes Cast
	For	Against	Withheld / Abstain	For	Against	Withheld / Abstain
Bundeep Singh Rangar	499,577,151	0	709,233	99.86%	0%	0.14%
Stephen John McCann	499,896,884	0	389,500	99.92%	0%	0.08%
Martin Graham	499,820,651	0	465,733	99.91%	0%	0.09%
Brij Chadda	500,052,384	0	234,000	99.95%	0%	0.05%

Appointment of Auditors 2022

Baker Tilly LLP was appointed auditor of the Company for the ensuing year and to authorize the directors to fix their remuneration.  Shareholders present in person or represented via proxy at the Meeting voted as follows:

	Number of Shares			Percentage of Votes Cast
	For	Against	Withheld / Abstain	For	Against	Withheld/Abstain
Appointment of Auditor	502,997,098	0	78,000	99.98%	0%	0.02%

Confirmation of Rolling Rock Stock Option Plan 2022

The resolution to ratify, confirm and approve the Company's 20% Rolling Stock Option Plan was approved.  Shareholders present in person or represented via proxy at the Meeting voted as follows:

	Number of Shares			Percentage of Votes Cast
	For	Against	Withheld / Abstain	For	Against	Withheld/Abstain
Approval of 20% Stock Option Plan	408,744,326	91,542,058	0	81.70%	18.30%	0%

Trading Update 2022

After the formal end to the AGM, The Board gave a Trading Update and answered questions.

"Our previously announced private placement is on track for a successful completion. The company is now on a firm footing to roll out its next phase of growth, augmented by the recent hiring of a Chief Strategy Officer and a Head of Global Distribution."

About Fineqia International Inc.

Fineqia International is a listed entity in the Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International outlines the Company's corporate governance, culture, processes and relations by which the Company and its subsidiaries and investments are controlled, directed and governed. Fineqia International oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries.

For more information, visit www.fineqia.com.

FORWARD-LOOKING STATEMENTS

Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.

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SOURCE Fineqia International Inc.

FAQ

What was the outcome of Fineqia's AGM on March 31, 2022?

Fineqia's AGM achieved a 55.88% representation of shares, with resolutions passing by 81.70% to 99.98% approval.

How many directors were elected at Fineqia's 2022 AGM?

Four directors were elected at Fineqia's 2022 AGM.

Who was appointed as auditor at Fineqia's AGM?

Baker Tilly LLP was appointed as the auditor for Fineqia at the AGM.

What new plan was approved at Fineqia's AGM?

The 20% Rolling Stock Option Plan was confirmed at Fineqia's AGM.

What are Fineqia's future growth plans following the AGM?

Fineqia is preparing for a successful completion of a private placement and enhancing its growth strategy.