New Zealand Energy Corp. Announces Results of 2024 Annual General and Special Meeting of Shareholders

Rhea-AI Summary

New Zealand Energy Corp. (TSXV: NZ) held its Annual General and Special Meeting of shareholders in Auckland on December 12, 2024. The meeting saw participation from shareholders representing 25.81% of total issued shares, with 4,157,052 common shares voted. All proposed matters were approved, including the re-election of Directors Frank Jacobs, Michael Adams, Robert Bose, and Bill Treuren. Shareholders also approved the reappointment of Ernst & Young as auditors and the company's amended stock option plan.

Positive

• All proposed matters received shareholder approval
• Maintained board continuity with re-election of all directors
• Successfully amended stock option plan

Negative

• Low shareholder participation rate (25.81%) at annual meeting

Auckland, New Zealand--(Newsfile Corp. - December 11, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today the results of its Annual General and Special Meeting of shareholders held in Auckland, New Zealand on Thursday 12 December 2024 (NZT). A total of 4,157,052 common shares representing just over 25.81% of the total issued and outstanding common shares were voted at the Meeting.

Each of the current Directors, Frank Jacobs, Michael Adams, Robert Bose and Bill Treuren were re-elected as Directors of the Company to hold office until the next annual general meeting, or until successors are elected or appointed.

All other matters put forth at the Meeting were approved, including the re-appointment of Ernst & Young, Chartered Accountants, New Zealand, as auditors of the Company for the ensuring year and the approval of the amended stock option plan of the Company.

On behalf of the Board of Directors

Frank Jacobs, Chairman
New Zealand Energy Corp.
Tel: +64-6-757-4470‎

New Zealand Energy Corp. Contacts
Email: info@newzealandenergy.com
Website: www.newzealandenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233457

FAQ

What was the voter turnout at NZERF's 2024 Annual General Meeting?

The meeting had a 25.81% turnout, with 4,157,052 common shares voted.

Who were the directors re-elected at NZERF's 2024 Annual Meeting?

Frank Jacobs, Michael Adams, Robert Bose, and Bill Treuren were re-elected as Directors.

What key proposals were approved at NZERF's 2024 Annual Meeting?

Shareholders approved the re-election of directors, reappointment of Ernst & Young as auditors, and the amended stock option plan.

When and where was NZERF's 2024 Annual General Meeting held?

The meeting was held in Auckland, New Zealand on December 12, 2024.