Tenet Announces Resignations, Results of Shareholder Meeting
- Shareholders resolved to elect three directors and appointed Johnson Joseph as CEO. Tenet plans to provide more details about its short and long-term plans in the coming days.
- No negative takes identified.
Toronto, Ontario--(Newsfile Corp. - June 28, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative fintech technology services provider and operator of the Cubeler® Business Hub, today announced the results of its annual meeting of shareholders (the "Meeting") held yesterday, June 27, 2023 at 10:00am EST. The Company is pleased to report that at the Meeting, the shareholders resolved that the number of directors to be elected would be three, resolved to appoint Raymond Chabot Grant Thornton LLP as auditors of the Company and elected Johnson Joseph, Liang Qiu and Mayco Quiroz to the Board of Directors. Prior to the Meeting, Carol Penhale, Dylan Tinker and Paul Gibbons each resigned from the Board of Directors effective June 26, 2023, and each notified the Company that they would not be standing for re-election to the Board of Directors at the Meeting. Ms. Penhale also resigned as interim CEO of the Company. Following the Meeting, the Board of Directors appointed Johnson Joseph to the position of CEO, effective immediately.
Tenet plans to provide more details about the Company's short and long-term plans in the coming days and weeks as it continues to focus on developing the data and analytics aspects of its business plan in North America and globally.
Forward-looking information
Certain statements included in this presentation constitute "forward-looking statements" under Canadian securities law, including statements based on management's assessment and assumptions and publicly available information with respect to the Company. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as "believes," "expects," "anticipates," "assumes," "outlook," "plans," "targets", or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward- looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics (ex.: COVID-19); legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by the Company with securities regulators in Canada, the United States or other jurisdictions. We refer potential investors to the "Risks and Uncertainties" section of the Company's MD&A. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on forward-looking information.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: http://www.tenetfintech.com.
For more information, please contact:
Tenet Fintech Group Inc.
Christina Boyd, Director, Investor Relations
416-428-9954
cboyd@tenetfintech.com
Johnson Joseph, Chief Executive Officer
514-340-7775
investors@tenetfintech.com
Follow Tenet Fintech Group Inc. on social media:
Twitter: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/171454
FAQ
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