iFabric Announces 2024 Annual General and Special Meeting Voting Results

Rhea-AI Summary

On June 25, 2024, iFabric held its annual general and special meeting where shareholders approved all presented resolutions.

Key resolutions include the re-election of directors and the approval of unallocated stock options for another three years.

The directors re-elected are Hylton Karon, Hilton Price, Richard Macary, Cameron Groome, Mark Cochran, and Giancarlo Beevis, with an overwhelming majority vote in favor.

BDO Canada LLP has been appointed as the auditors for the next year.

Positive

• All director nominees were re-elected with votes ranging from 98.96% to 99.89% in favor.
• Shareholders approved the extension of unallocated stock options for three more years.
• Approval of BDO Canada LLP as auditors for the ensuing year.

Negative

• None.

MARKHAM, ON / ACCESSWIRE / June 26, 2024 / iFabric Corp. (TSX:IFA)(OTCQX:IFABF) ("iFabric") is pleased to announce that at its annual general and special meeting of shareholders, held on June 25, 2024, shareholders voted in favour of all resolutions brought before the meeting. A detailed description of all resolutions that were voted on can be reviewed in iFabric's information circular which was filed on https://www.sedarplus.ca/ on May 29, 2024. All of the director nominees listed in the information circular were re-elected as directors of iFabric. The detailed results of the vote are set out below:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Hylton Karon	19,923,766	99.89%	21,300	0.11%
Hilton Price	19,921,766	99.88%	23,300	0.12%
Richard Macary	19,754,259	99.04%	190,807	0.96%
Cameron Groome	19,754,259	99.04%	190,807	0.96%
Mark Cochran	19,738,159	98.96%	206,907	1.04%
Giancarlo Beevis	19,918,766	99.87%	27,300	0.13%

In addition, at the meeting, iFabric shareholders approved resolutions to fix the number of directors at six, approve the unallocated stock options for a further three years, and in respect of the appointment of BDO Canada LLP, Chartered Professional Accountants, as the auditors of iFabric for the ensuing year.

About iFabric Corp.

Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and, currently has 30.3 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly-owned subsidiaries, namely, Intelligent Fabric Technologies (North America) Inc. ("IFTNA") and Coconut Grove Pads Inc. ("Coconut Grove").

IFTNA is focused on development and sale of high-performance sports apparel, medical protective apparel, consumer protective apparel, and proprietary treatments that provide "intelligent" properties to fabrics, foams, plastics, and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include antiviral and antibacterial characteristics, water-repellence and UV protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

FOR FURTHER INFORMATION, please contact:

Hilton Price, CFO
Tel: 647.465.6161
Email: hilton.price@rogers.com
Website: www.ifabriccorp.com

SOURCE: iFabric Corp

View the original press release on accesswire.com

FAQ

What were the results of iFabric's 2024 annual general meeting votes?

Shareholders approved all resolutions, including the re-election of directors and the extension of unallocated stock options for another three years.

Which directors were re-elected in iFabric's 2024 annual meeting?

The directors re-elected are Hylton Karon, Hilton Price, Richard Macary, Cameron Groome, Mark Cochran, and Giancarlo Beevis.

What percentage of votes did iFabric's directors receive in favor of their re-election in 2024?

The re-elected directors received between 98.96% to 99.89% of votes in favor.

Did iFabric shareholders approve the extension of unallocated stock options in 2024?

Yes, shareholders approved the extension of unallocated stock options for three more years.

Who are iFabric's auditors for the year following the 2024 annual general meeting?

BDO Canada LLP was approved as the auditors for the ensuing year.