NuRAN Announces Results of 2024 Annual General Meeting of Shareholders

Rhea-AI Summary

NuRAN Wireless has announced the results of its 2024 Annual General Meeting held on May 30, 2024. Six directors were re-elected to the board with the following vote percentages: Francis Letourneau (91.760%), Jim Bailey (86.724%), Vitor Fonseca (90.432%), Brendan Purdy (90.078%), Binyomin Posen (86.561%), and Navindran Naidoo (92.868%). Jeremy Levi, CPA, was appointed as the auditor with 94.868% approval. Additionally, the stock option plan was approved with 81.341% votes in favor, and the restricted share unit plan was approved with 79.393% votes in favor.

Positive

• Six directors were re-elected with strong support.
• Jeremy Levi, CPA, was appointed as the auditor with 94.868% approval.
• The stock option plan was approved with 81.341% votes in favor.
• The restricted share unit plan was approved with 79.393% votes in favor.

Negative

• The stock option plan had 18.659% votes against.
• The restricted share unit plan had 20.607% votes against.

QUÉBEC, QC / ACCESSWIRE / May 31, 2024 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTCQB:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce the results of its 2024 Annual General Meeting held on May 30, 2024.

Election of Directors

The number of directors was fixed at six members and each of the six nominees listed in the Company's Management Information Circular were re-elected to the Company's Board of Directors. Results of the votes cast by proxy are set out below.

Resolution	Votes Cast by Proxy Yes	% Yes	Votes Cast by Proxy No	% No	Votes Cast by Proxy Abstain	% Abstain
Francis Letourneau	16,891,751	91.760%	0	0.000%	1,516,953	8.240%
Jim Bailey	15,964,694	86.724%	0	0.000%	2,444,010	13.276%
Vitor Fonseca	16,647,420	90.432%	0	0.000%	1,761,284	9.568%
Brendan Purdy	16,582,280	90.078%	0	0.000%	1,826,424	9.922%
Binyomin Posen	15,934,800	86.561%	0	0.000%	2,473,904	13.439%
Navindran Naidoo	17,095,875	92,868%	0	0.000%	1,312,829	7.132%

Appointment of Auditors

Jeremy Levi, CPA was appointed as the auditor of the Company to hold office until the close of the next Annual General Meeting of the Shareholders, or until their successor is otherwise appointed. Results of the votes cast by proxy are set out below.

Resolution	Votes Cast by Proxy Yes	% Yes	Votes Cast by Proxy No	% No	Votes Cast by Proxy Abstain	% Abstain
Jeremy Levi, CPA	17,464,055	94.868%	0	0.000%	944,649	5.132%

The Company Stock Option Plan and The Restricted Share Unit Plan

The shareholders approved the Company's stock option plan and the restricted share unit plan.

Resolution	Votes Cast by Proxy Yes	% Yes	Votes Cast by Proxy No	% No	Votes Cast by Proxy Abstain	% Abstain
Approve the Company's Stock Option Plan	14,973,815	81.341%	3,434,889	18.659%	0	0.000%
Approve the Restricted Share Unit Plan	14,615,148	79.393%	3,793,556	20.607%	0	0.000%

A full report on the voting results is available under NuRAN Wireless Inc SEDAR+ profile at www.sedarplus.ca.

About NuRAN Wireless:

NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."

Additional Information:

For further information about NuRAN Wireless: www.nuranwireless.com

Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337

Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: NuRAN Wireless Inc.

View the original press release on accesswire.com

FAQ

What were the results of NuRAN's 2024 Annual General Meeting?

NuRAN re-elected six directors, appointed Jeremy Levi, CPA, as auditor, and approved both the stock option and restricted share unit plans.

How many directors were re-elected at NuRAN's 2024 AGM?

Six directors were re-elected.

Who was appointed as NuRAN's auditor in 2024?

Jeremy Levi, CPA, was appointed as the auditor.

What percentage of votes supported NuRAN's stock option plan?

The stock option plan was approved with 81.341% of the votes.

What percentage of votes supported NuRAN's restricted share unit plan?

The restricted share unit plan was approved with 79.393% of the votes.