Neptune Announces Results of Annual Meeting and Elections of its Directors

Rhea-AI Summary

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) announced the results of its annual meeting held virtually on August 26, 2021. Key outcomes include the election of directors John M. Moretz (67.79% votes for), Michael Cammarata (76.10%), Ronald Denis (58.56%), Joseph Buaron (81.37%), Michael de Geus (83.24%), and Julie Phillips (87.25%). Each will serve until the next annual meeting. The meeting results indicate strong support for most nominees, with Denis receiving the lowest approval rate.

Positive

• Julie Phillips received 87.25% support, indicating strong shareholder confidence.
• Election of directors suggests stability and support for the current governance.

Negative

• Ronald Denis received only 58.56% approval, which could indicate shareholder concerns.
• A significant number of votes withheld for several directors suggests potential dissatisfaction among shareholders.

LAVAL, QC, Oct. 1, 2021 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced the voting results for the election of its directors listed in its management proxy circular dated July 30, 2021 held at its annual meeting of shareholders, which took place virtually on August 26, 2021 (the "AGM").

Election of Directors
According to proxies received and a vote by poll at the meeting, the following individuals were elected as directors of Neptune until the next annual meeting of shareholders, with the following results:  

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
John M. Moretz	50,413,605	67.79%	23,950,615	32.21%
Michael Cammarata	56,589,807	76.10%	17,774,412	23.9%
Ronald Denis	43,546,086	58.56%	30,818,134	41.44%
Joseph Buaron	60,512,354	81.37%	13,851,866	18.63%
Michael de Geus	61,899,530	83.24%	12,464,690	16.76%
Julie Phillips	64,880,668	87.25%	9,483,551	12.75%

About Neptune Wellness Solutions Inc.

Headquartered in Laval, Quebec, Neptune is a diversified health and wellness company with a mission to redefine health and wellness. Neptune is focused on building a portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled to quickly adapt to consumer demand and bring new products to market through its mass retail partners and e-commerce channels. For additional information, please visit: https://neptunewellness.com/.

Disclaimer – Safe Harbor Forward–Looking Statements

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Neptune Wellness Solutions to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Neptune Wellness Solutions Inc.

FAQ

What were the results of Neptune Wellness Solutions' annual meeting on August 26, 2021?

Directors were elected with varying degrees of shareholder support, including Julie Phillips at 87.25%.

How many votes did Michael Cammarata receive in the director election?

Michael Cammarata received 56,589,807 votes, equating to 76.10% support.

What percentage of votes did Ronald Denis receive at the annual meeting?

Ronald Denis received 58.56% of votes in his favor.

Which director had the highest approval rating in Neptune's recent election?

Julie Phillips had the highest approval rating at 87.25%.

What is the stock symbol for Neptune Wellness Solutions?

The stock symbol for Neptune Wellness Solutions is NEPT.