Organto Announces 2022 Annual General Meeting Results

Rhea-AI Summary

Organto Foods Inc. held its 2022 Annual General Meeting on June 22, 2022, in Vancouver, BC, with approximately 19% of eligible shares voted. Shareholders overwhelmingly supported all resolutions, with over 98% approval. Eight directors were elected, with 62.5% being independent. The firm appointed Dale Matheson Carr-Hilton Labonte LLP as independent auditor for the upcoming year and approved amendments to its Share Option and Restricted Share Unit Plans.

Positive

• Elected a board with 62.5% independent directors, enhancing governance.
• All matters passed with over 98% shareholder support, indicating strong confidence.
• Retention of Dale Matheson Carr-Hilton Labonte LLP as auditor supports transparency.

Negative

• None.

VANCOUVER, BC and BREDA, THE NETHERLANDS / ACCESSWIRE / June 23, 2022 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF)(FSE:OGF) ("Organto" or "the Company"), an integrated provider of branded organic and value-added organic fruit and vegetable products today announced the results of its 2022 Annual General Meeting held on June 22, 2022 in Vancouver, British Columbia.

Annual General Meeting

At the Annual General Meeting 52,980,329 common shares representing approximately 19% of eligible outstanding shares were voted, with all matters before the meeting receiving in excess of 98% support.

Shareholders elected eight directors: Steve Bromley, Peter Gianulis, Jeremy Kendall, Alejandro Maldonado, Joe Riz, Rients van der Wal, Gert Jan van Noortwijk and Joost Verrest. Mr.'s Kendall, Maldonado, Riz, van Noortwijk and Verrest were elected as independent directors, representing 62.5% of the directors elected to the board.

The shareholders also approved the appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as Organto's independent auditor for the ensuing year, and resolved that both the Company's Share Option Plan and Restricted Share Unit Plan be amended and approved for continuation until the Company's next Annual General Meeting.

ON BEHALF OF THE BOARD,

Steve Bromley
Chair and Co-Chief Executive Officer

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

For more information contact:

Investor Relations
info@organto.com

ABOUT ORGANTO

Organto is an integrated provider of branded, private label and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

SOURCE: Organto Foods Inc.

View source version on accesswire.com:
https://www.accesswire.com/706222/Organto-Announces-2022-Annual-General-Meeting-Results

FAQ

What were the outcomes of Organto's 2022 Annual General Meeting?

Organto Foods Inc. saw over 98% shareholder support for all resolutions, including the election of eight directors.

Who were elected as directors at Organto's 2022 AGM?

Eight directors elected include Steve Bromley, Peter Gianulis, Jeremy Kendall, and others, with 62.5% being independent.

What is the significance of the shareholder support at the AGM for Organto?

The strong support reflects investor confidence and approval of the company's direction and governance.

Who appointed the independent auditor for Organto Foods in 2022?

Dale Matheson Carr-Hilton Labonte LLP was appointed as Organto's independent auditor.

What changes were made to Organto's Share Option Plan?

The Share Option and Restricted Share Unit Plans were amended and approved for continuation until the next AGM.