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Mogo Announces Results of Its Annual Meeting of Shareholders
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
The annual general meeting of shareholders for Mogo (NASDAQ:MOGO) was conducted online, where all proposed resolutions were approved. Key outcomes included the election of directors, the re-appointment of KPMG LLP as auditors for the next year, and the renewal of the stock option plan. A total of 29,013,586 votes were cast, representing 37.8% of total shares. Significant votes included David Feller receiving 84.72% approval for his director position. The complete voting results are available in the management information circular dated May 24, 2022.
Positive
All proposed resolutions met with shareholder approval.
High percentage of votes for the election of directors, indicating strong shareholder support.
Negative
Only 37.8% of outstanding shares voted, indicating potential shareholder apathy.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
The annual general meeting of shareholders (the "Meeting") of Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, was held today via live audiocast online and the Company is pleased to announce that all resolutions put forward, being the election of directors, the appointment of the auditors of the Company, and the renewal of the Company’s stock option plan and all unallocated options thereunder, were approved. Each of the matters voted upon at the Meeting is discussed in detail in the Company’s management information circular dated May 24, 2022 (the “Circular”), which can be found under the Company’s profile on SEDAR (www.sedar.com).
The total number of votes cast by shareholders by proxy or online at the Meeting was 29,013,586 votes, representing 37.8% of the Company's outstanding shares as at May 24, 2022. The voting results are detailed below.
Election of Directors
The nominees listed in the Circular were elected as directors of Mogo. Detailed results of the vote are as follows:
Name of Nominee
Votes For
% Votes For
Votes Withheld
% Votes Withheld
David Feller
19,396,211
84.72
3,498,852
15.28
Gregory Feller
19,351,446
84.52
3,543,617
15.48
Michael Wekerle
17,884,811
78.12
5,010,253
21.88
Christopher Payne
21,060,494
91.99
1,834,570
8.01
Liam Cheung
19,255,058
84.10
3,640,005
15.90
Wendy Rudd
21,006,278
91.75
1,888,785
8.25
Appointment of Auditor
KPMG LLP was re-appointed as auditor of the Company until the next annual general meeting of shareholders of the Company at remuneration to be fixed by the Company's board of directors. Detailed results of the vote are as follows:
Votes For
% Votes For
Votes Withheld
% Votes Withheld
28,943,621
99.77
66,343
0.23
Approval of Unallocated Options
The Company’s Stock Option Plan and all unallocated options under the Company’s Stock Option Plan were renewed. Detailed results of the vote are as follows:
Votes For
% Votes For
Votes Against
% Votes Against
17,472,977
76.32
5,422,086
23.68
The Company has filed a report of voting results on all resolutions voted upon at the Meeting under its profile on SEDAR at www.sedar.com.
About Mogo
Mogo Inc., one of Canada’s leading financial technology companies, is empowering its 1.9 million members with simple digital solutions to help them get in control of their financial health while also making a positive impact with their money. Through the free Mogo app, consumers can access a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, get free monthly credit score monitoring and ID fraud protection and access personal loans and mortgages. Mogo’s new MogoTrade app offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo’s wholly-owned subsidiary, Carta Worldwide, also offers a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe, North America and APAC. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).
