GreenBank Capital Inc. - Results of Shareholder Meeting

Rhea-AI Summary

GreenBank Capital held its annual general meeting on July 29, 2022, with 56.53% of shareholders present. Key resolutions were approved, including the receipt of audited financial statements for the years ending July 31, 2019, and July 31, 2020. Four directors were elected, all receiving overwhelming support, with Richard Beresford garnering 99.99% approval. Additional resolutions included appointing PFK Littlejohn LLP as auditors and re-approving the Company’s 10% Rolling Stock Option Plan. GreenBank operates as a global investment company focused on undervalued growth opportunities.

Positive

• 56.53% of shareholders participated in the AGM, indicating strong engagement.
• All management-recommended resolutions were approved without opposition.
• Nominated directors received overwhelming support, which reflects confidence in leadership.
• The appointment of auditors and re-approval of the option plan supports governance and incentive alignment.

Negative

• None.

TORONTO, ON / ACCESSWIRE / August 16, 2022 / GreenBank Capital Inc. (CSE:GBC)(OTC PINK:GRNBF)(FRA:2TL) ("GreenBank" or the "Company") is pleased to announce the results of its annual general meeting of shareholders ("AGM") held on July 29, 2022.

Shareholders present at the meeting or represented by proxy represented an aggregate of 25,673,046, common shares, being 56.53% of all GreenBank shareholders (as at the record date for the meeting).

Shareholders approved all matters recommended by Management, namely:

• The resolution to receive the audited financial statements of the Corporation for the periods ending July 31, 2019 and July 31, 2020.
• The resolution to appoint the four (4) nominees as directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed.
• The nominated directors received the following votes for their election (no votes were cast against the resolutions to elect them):

Nominee	Votes for	Percent	votes withheld	Percent
Richard Beresford	18,567,388	99.99%	6217	0.01%
Steve O'Carroll,	18,567,388	99.99%	6217	0.01%
Terry Pullen	18,535,123	99.94%	38,482	0.06%
Peter Wanner	18,573,584	99.99997%	21	0.00003%

• The resolution to appoint PFK Littlejohn LLP Chartered Accountants as auditors of the Company for the current year and authorizing the Directors to fix their renumeration.
• The resolution to re-approve the Company's 10% Rolling Stock Option Plan.
• The resolution to permit the Directors to effect a change of the Company's name to such name as the board of directors of the Company in its discretion may resolve and as may be acceptable to applicable regulatory authorities.

For further information, please contact:

Terry Pullen, CEO GreenBank Capital
Email: Terry@GreenBankCapitalInc.com
Tel: +44 (0)7831 402 388

About GreenBank

GreenBank is a publicly traded next generation investment company that has a flexible low-cost overhead structure designed to maximize profitability. Our management are based in Toronto, Dallas and London and are used to working across borders remotely. GreenBank invests in multi-sector undervalued public and private growth companies focused on building consistent capital appreciation for its shareholders. Our model of remote working, dynamic space and flexible contracts -rather than large, fixed costs - establishes GreenBank as a global investment company for the future.

GreenBank is listed on the Canadian Securities Exchange (CSE:GBC), the Frankfurt Boerse (FRA:2TL) and on the OTC Markets in the USA (OTC PINK:GRNB).

SOURCE: GreenBank Capital Inc.

View source version on accesswire.com:
https://www.accesswire.com/712336/GreenBank-Capital-Inc--Results-of-Shareholder-Meeting

FAQ

What were the results of GreenBank's AGM held on July 29, 2022?

GreenBank's AGM resulted in the approval of all recommended resolutions by shareholders, including the election of four directors and the appointment of auditors.

What percentage of shareholders attended the GreenBank AGM?

56.53% of shareholders attended the AGM, representing 25,673,046 common shares.

Who were the newly elected directors at GreenBank's AGM?

The newly elected directors included Richard Beresford, Steve O'Carroll, Terry Pullen, and Peter Wanner.

What significant resolutions did GreenBank shareholders approve at the AGM?

Shareholders approved the audited financial statements, the appointment of auditors, and the re-approval of the Company's 10% Rolling Stock Option Plan.

What is the stock symbol for GreenBank Capital?

The stock symbol for GreenBank Capital is GRNBF.