Neovasc Inc. Reports Results of Annual General Meeting of Shareholders

Rhea-AI Summary

Neovasc Inc. (NVCN) announced results from its Annual General Meeting held on June 3, 2021, in Vancouver. Shareholders re-elected board members including Steven Rubin and Paul Geyer, with majority votes for each nominee exceeding 90%. The company also confirmed the approval of unallocated options under its stock option plan, with 90.49% of votes in favor, and re-appointed Grant Thornton LLP as auditors. Neovasc develops medical devices for cardiovascular treatments, including Reducer and Tiara, the latter currently under clinical investigation in multiple regions.

Positive

• Re-elected board members received over 90% of votes, indicating strong shareholder support.
• Approval of unallocated stock options plan with 90.49% votes in favor.
• Re-appointment of Grant Thornton LLP as auditors enhances governance.

Negative

• None.

Vancouver, BC, Canada, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ, TSX: NVCN) is pleased to announce the results of the votes on matters considered at its Annual General Meeting of Shareholders held on June 3, 2021 in Vancouver, B.C. (the “Meeting”).

At the Meeting, the shareholders of the Company (the “Shareholders”) re-elected board members Steven Rubin, Paul Geyer, Doug Janzen, Norman Radow, Alexei Marko and Fred Colen to serve in office until the next annual meeting or until their successors are duly elected or appointed. Detailed results of the voting in respect of the election of directors are as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Steven Rubin	6,318,465	94.48%	369,431	5.52%
Paul Geyer	6,410,453	95.85%	277,431	4.15%
Doug Janzen	6,332,243	94.68%	355,653	5.32%
Norman Radow	6,410,462	95.85%	277,434	4.15%
Alexei Marko	6,320,514	94.51%	367,382	5.49%
Fred Colen	6,174,668	92.33%	513,228	7.67%

At the Meeting, the Shareholders also approved the unallocated options under the Company’s stock option plan (90.49% of votes cast in favour) and re-appointed Grant Thornton LLP, Chartered Accountants as auditors of the Company.

About Neovasc Inc.

Neovasc is a specialty medical device company that develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products include Reducer, for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and Tiara^TM for the transcatheter treatment of mitral valve disease, which is currently under clinical investigation in the United States, Canada, Israel and Europe. For more information, visit: www.neovasc.com

Investors

Mike Cavanaugh

Westwicke/ICR

Phone: +1.646.877.9641

Mike.Cavanaugh@westwicke.com

Media

Sean Leous

Westwicke/ICR

Phone: +1.646.866.4012

Sean.Leous@icrinc.com

Forward-Looking Statement Disclaimer

Certain statements in this news release contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws that may not be based on historical fact. When used herein, the words "expect", "anticipate", "estimate", "may", "will", "should", "intend," "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements may involve but are not limited to, expectations as to the growing cardiovascular marketplace. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including those described in the "Risk Factors" section of the Company's Annual Information Form and in the Management's Discussion and Analysis for the three months ended March 31, 2021 (copies of which may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What were the results of Neovasc's Annual General Meeting on June 3, 2021?

Neovasc's Annual General Meeting on June 3, 2021, resulted in the re-election of board members with over 90% of votes in favor and the approval of unallocated options.

Who were the re-elected board members at Neovasc's meeting?

The re-elected board members include Steven Rubin, Paul Geyer, Doug Janzen, Norman Radow, Alexei Marko, and Fred Colen.

What percentage of votes were in favor of unallocated stock options at Neovasc?

90.49% of votes were in favor of the unallocated options under Neovasc's stock option plan.

Who was appointed as auditors for Neovasc?

Grant Thornton LLP was re-appointed as auditors for Neovasc.