iFabric Announces Annual General And Special Meeting Voting Results

Rhea-AI Summary

iFabric Corp. held its annual meeting on March 31, 2022, where shareholders approved all resolutions. Notably, all director nominees were re-elected, with votes for varying between 99.85% to 99.97%. The meeting also confirmed BDO Canada LLP as auditors for the upcoming year and authorized unallocated stock options for an additional three years. The company operates through its divisions: Intelligent Fabric Technologies, focusing on high-performance sports and medical apparel, and Coconut Grove, which specializes in ladies' intimate apparel.

Positive

• All director nominees were re-elected with strong approval ratings, ranging from 99.85% to 99.97%.
• Shareholders approved the appointment of BDO Canada LLP as auditors for the next year.
• Resolutions to authorize unallocated stock options for three additional years were passed.

Negative

• None.

MARKHAM, ON / ACCESSWIRE / April 4, 2022 / iFabric Corp. (TSX:IFA)(OTCQX:IFABF) ("iFabric") is pleased to announce that at its annual and special meeting of shareholders, held virtually on March 31, 2022, 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 www.sedar.com on March 4, 2022. All of the director nominees listed in the information circular were elected/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	20,743,436	99.97%	7,050	0.03%
Hilton Price	20,719,436	99.85%	31,050	0.15%
Richard Macary	20,727,136	99.89%	23,350	0.11%
Cameron Groome	20,720,436	99.86%	30,050	0.14%
Mark Cochran	20,718,436	99.85%	32,050	0.15%
Giancarlo Beevis	20,720,436	99.86%	30,050	0.14%

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

About iFabric Corp.

Headquartered in Markham, Ontario, iFabric, www.ifabriccorp.com, is listed on the TSX and currently has 29.6 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 source version on accesswire.com:
https://www.accesswire.com/695779/iFabric-Announces-Annual-General-And-Special-Meeting-Voting-Results

FAQ

What were the voting results for the directors of iFabric Corp. at the March 2022 meeting?

All nominees were re-elected with votes ranging from 99.85% to 99.97% in favor.

Who were the auditors appointed for iFabric Corp. for the next year?

BDO Canada LLP was appointed as the auditors.

What resolutions were approved at the iFabric Corp. shareholder meeting on March 31, 2022?

Shareholders approved the re-election of directors, the appointment of auditors, and unallocated stock options for three more years.

What is the ticker symbol for iFabric Corp.?

The ticker symbol for iFabric Corp. is IFABF.