IntelGenx Announces Voting Results on Election of Directors and other items

Rhea-AI Summary

IntelGenx Technologies Corp. held its Annual Meeting of Shareholders on May 10, 2022, where shareholders approved all proposed items, including the election of eight directors and the ratification of Richter LLP as independent auditors for 2022. A total of 105,395,585 shares (68.15%) were present or represented by proxy. Voting results showed strong support for nominees, with Horst G. Zerbe receiving 90.72% approval. IntelGenx specializes in pharmaceutical film technologies, focusing on innovative product development to address unmet medical needs.

Positive

• Shareholders approved all items at the Annual Meeting, indicating strong investor confidence.
• High approval rates for director nominees, reflecting shareholder satisfaction with management.

Negative

• None.

SAINT-LAURENT, Quebec, May 10, 2022 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSXV: IGX) (OTCQB: IGXT) (the “Company”) announces that shareholders voted in favour of all items of business put forth by the Company at the Annual Meeting of Shareholders held by virtual meeting on May 10, 2022 ("Meeting"), including the election of the Directors by a majority of the votes cast by shareholders present or represented by proxy.

The following matters were submitted to votes of the Company’s shareholders:
	(i)		the election of eight directors,
	(ii)		the ratification of Richter LLP as the Company’s independent auditors for the fiscal year ending December 31, 2022,
	(iii)		the advisory vote on executive compensation,
	(iv)		the approval of an ordinary resolution (in the form included in the accompanying Proxy Statement), to ratify and approve amendments to the Company’s 2016 Stock Option Plan.

As of the Record Date, there were 154,651,290 shares outstanding of the Company’s common stock at $0.00001 par value (the “IntelGenx Common Stock”). At the 2022 Annual Meeting, shareholders as of the Record Date holding 105,395,585 shares (68.15%) of the IntelGenx Common Stock were present at the virtual meeting or per proxy. Each such shareholder was entitled to one vote for each share of the IntelGenx Common Stock held on the Record Day.
Detailed voting results on the election of directors are as follows:

Name of Nominee	For		Against		Abstain
	Number	%	Number	%	Number	%
Horst G. Zerbe, Ph.D.	68,685,849	90.72	6,074,953	8.02	951,710	1.26
J. Bernard Boudreau	71,255,057	94.11	3,635,991	4.80	821.464	1.09
Bernd J. Melchers	70,820,471	93.54	4,081,537	5.39	810,504	1.07
Clemens Mayr	70,926,187	93.68	3,909,281	5.16	877,044	1.16
Mark Nawacki	71,074,905	93.87	3,827,603	5.06	810,004	1.07
Frank Stegert	71,535,643	94.48	3,367,945	4.45	808.924	1.07
Srinivas Rao, Ph.D.	72,175,809	95.33	2,728,699	3.60	808,004	1.07
Monika Trzcinska, Ph.D.	72,058,720	95.18	2,850,078	3.76	803,714	1.06

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm^®, DisinteQ^™, VetaFilm^™ and transdermal VevaDerm^™, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For IntelGenx:

Stephen Kilmer
Investor Relations
(647) 872-4849
stephen@kilmerlucas.com

Or

Ingrid Zerbe
Corporate Secretary
IntelGenx Technologies Corp.
ingrid@intelgenx.com

FAQ

What were the outcomes of the IntelGenx Technologies Corp. Annual Meeting on May 10, 2022?

Shareholders approved all proposed items, including the election of directors and the ratification of auditors.

How many shares were present at the IntelGenx Annual Meeting?

105,395,585 shares, representing 68.15% of the total outstanding shares, were present or represented by proxy.

What percentage of shareholders supported Horst G. Zerbe at the IntelGenx Annual Meeting?

Horst G. Zerbe received 90.72% approval from shareholders.

What does IntelGenx Technologies Corp. specialize in?

IntelGenx specializes in the development and manufacturing of pharmaceutical films.

Who was ratified as the independent auditors for IntelGenx for the year 2022?

Richter LLP was ratified as the independent auditors for the fiscal year ending December 31, 2022.