Givex Announces Update on Continuance and Name Change

Rhea-AI Summary

Givex Corp has completed its continuance from British Columbia to Ontario, effective from November 23, 2022. This transition was overwhelmingly approved by shareholders with a 98.3% vote at the May 26, 2022 meeting. The name change aims to streamline governance and revert to the company's original branding prior to its reverse takeover in 2021. The company continues to be listed under the same ticker symbols, GIVX and GIVXF. Givex offers integrated fintech solutions, servicing approximately 118,000 locations worldwide.

Positive

• Shareholders approved the continuance and name change with 98.3% vote.
• Transition to Ontario expected to enhance administrative efficiency.

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• None.

TORONTO, Nov. 23, 2022 /PRNewswire/ - Givex Information Technology Group Limited (TSX: GIVX) (OTCQX: GIVXF) (the "Company" or "Givex") announces that it has completed its continuance out of the Province of British Columbia and into the Province of Ontario under the provisions of the Business Corporations Act (Ontario) (the "Continuance"), and has changed its name from "Givex Information Technology Group Limited" to "Givex Corp".

The Continuance and Name Change was overwhelmingly approved by the shareholders of the Company by a special resolution passed at the Company's annual and special meeting held on May 26, 2022 (the "Meeting") with an approval rate of 98.3% of the votes cast at the Meeting. In addition, shareholders of the Company were given rights of dissent with respect to the Continuation.

As noted in the Company's management information circular in respect of the Meeting, on account of the majority of the Company's management and the head office of the Company being located in Ontario, the board of directors of the Company (the "Board") determined that it would be most efficient and cost effective for the Company to be governed by the laws of Ontario and authorized the Continuance and Name Change on April 19, 2022. The rationale for the Name Change is to ease certain administrative and logistical matters and to revert to how the Corporation was referred to during its twenty-two year history prior to completing its reverse takeover transaction and listing on the Toronto Stock Exchange in December of 2021.

The ticker symbol of the Company in connection with the Continuation and Name Change remains the same. A copy of the Certificate of Continuance once issued by the Ministry of Government and Consumer Services will be available on SEDAR at www.SEDAR.com.

About Givex

Givex (TSX: GIVX) (OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 118,000 locations across more than 100 countries. Learn more at givex.com.

Additional information on Givex can be found by reviewing its profile on SEDAR at www.SEDAR.com.

Legal Notice

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Disclaimer for Forward-Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. These statements reflect the Company's current views regarding future events and operating performance, are based on information currently available to the Company, and speak only as of the date of this press release. Although the Company believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements, which are not guarantees and are subject to certain risks, uncertainties and assumptions, which may cause actual performance and financial results to differ materially from such forward-looking statements. The forward-looking statements included in this press release are made only at the date of this press release and, except as required by applicable securities laws, the Company does not undertake to publicly update such forward-looking statements to reflect new information, future events or otherwise.

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SOURCE Givex

FAQ

What is the recent news about Givex Corp?

Givex Corp recently announced its continuance from British Columbia to Ontario and changed its name from Givex Information Technology Group Limited.

Why did Givex change its name to Givex Corp?

The name change aims to simplify governance and return to the company's original branding prior to its reverse takeover in 2021.

What percentage of shareholders approved the continuance of Givex?

The continuance was approved by 98.3% of shareholders at the annual special meeting.

What are the ticker symbols for Givex Corp?

Givex continues to trade under the ticker symbols GIVX on the TSX and GIVXF on the OTCQX.

How many locations does Givex serve globally?

Givex provides services to approximately 118,000 locations across more than 100 countries.