Shoal Point Energy - AGM Voting Results

Rhea-AI Summary

Shoal Point Energy Ltd. (CSE: SHP) Annual General Meeting Voting Results: Positive and Negative Aspects Analyzed

Positive

• Positive voting results for the number of directors and election of directors reflect shareholder confidence and stability in leadership.
• Appointment of Crowe MacKay LLP as auditor for the ensuing year shows commitment to financial transparency and compliance.

Negative

• Low number of shares voted against the election of directors and stock option plan may indicate lack of shareholder engagement and participation.
• The appointment of auditors without a competitive bidding process may raise questions about the independence and objectivity of the audit.

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2023) - The following matters were put to vote at the Annual General Meeting of Shoal Point Energy Ltd. (CSE: SHP) (the "Issuer") held on December 19, 2023:

The report on the voting results is as follows:

1. Number of Directors

By vote of proxy and in person (For: 10,991,193 Shares, Against: 22,060) the number of directors was set at four.

2. Election of Directors

By vote of proxy and in person, the following persons were elected as directors of the Issuer until their term of office expires:

	For	Withheld
Mark Jarvis	10,380,169	107,198
Eric Schneider	10,458,707	28,560
Brian Usher-Jones	10,458,767	28,500
Robert Millar	10,457,487	29,780

   

3. Appointment and Remuneration of Auditors

By vote of proxy (For: 10,997,253 Shares, Withheld: 16,000 Shares), Crowe MacKay LLP was appointed as auditor of the Issuer for the ensuing year and the directors are authorized to set the remuneration.

4. Stock Option Plan

By vote of proxy (For 10,328,084 Shares, Against 159,183 Shares), the stock option plan of the Company was approved for the ensuing year.

For further information, contact Mark Jarvis at 416 637 2181, extension 310.

The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191625

FAQ

What were the voting results at the Annual General Meeting of Shoal Point Energy Ltd. (CSE: SHP) on December 19, 2023?

The voting results included the number of directors, election of directors, appointment and remuneration of auditors, and approval of the stock option plan.

Who were elected as directors of Shoal Point Energy Ltd. (CSE: SHP) at the Annual General Meeting?

Mark Jarvis, Eric Schneider, Brian Usher-Jones, and Robert Millar were elected as directors of the company until their term of office expires.

Who was appointed as the auditor of Shoal Point Energy Ltd. (CSE: SHP) for the ensuing year?

Crowe MacKay LLP was appointed as the auditor of the company for the ensuing year, with the directors authorized to set the remuneration.

What was the outcome of the vote on the stock option plan at the Annual General Meeting of Shoal Point Energy Ltd. (CSE: SHP)?

The stock option plan of the company was approved for the ensuing year, with a majority of votes in favor.

How can I get further information about the Annual General Meeting of Shoal Point Energy Ltd. (CSE: SHP)?

For further information, contact Mark Jarvis at 416 637 2181, extension 310.