Spark Announces Results of Voting at Annual General Meeting of Shareholders

Rhea-AI Summary

Spark Power Group Inc. held its Annual General Meeting on May 25, 2022, where shareholder resolutions received unanimous approval. The election results for directors saw Lucio Di Clemente leading with 78.303% support, while other nominees like Daniel Peloquin and Joseph Quarin secured 76.324% and 76.307% respectively. Key resolutions included 97.801% approval for the appointment of an auditor, and 81.215% for the re-approval of the Employee Stock Option Plan.

Positive

• All resolutions at the Annual General Meeting received shareholder approval.
• Director Lucio Di Clemente received strong support with 78.303% of votes.

Negative

• Directors received a significant percentage of withheld votes, indicating shareholder concerns.

OAKVILLE, ON / ACCESSWIRE / May 26, 2022 / Spark Power Group Inc. (TSX:SPG), parent company to Spark Power Corp. ("Spark Power" or the "Company"), is pleased to announce the voting results from its Annual General Meeting (the "Meeting") of shareholders held yesterday. Spark Power is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders.

The voting results for the election of directors were as follows:

Nominee	% of Votes For	% of Votes Withheld
Lucio Di Clemente	78.303%	21.697%
Daniel Peloquin	76.324%	23.676%
Joseph Quarin	76.307%	23.693%
Jason Sparaga	76.321%	23.679%
Andrew Clark	76.311%	23.689%
Eric Waxman	76.317%	23.683%

The voting results for the other resolutions were as follows:

• Appointment of Auditor: 97.801% of shareholders voted For the resolution and 2.199% of shareholders Withheld their votes
• Re-approval of ESOP: 81.215% of shareholders voted For the resolution and 18.785% of shareholders voted Against the resolution
• Re-approval of the Omnibus Equity Incentive Plan: 81.199% of shareholders voted For the resolution and 18.801% of shareholders voted Against the resolution

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About Spark Power

Spark Power, a wholly owned subsidiary of Spark Power Group Inc. (TSX:SPG), is a leading independent provider of end-to-end electrical contracting, operations and maintenance services, and energy sustainability solutions to the industrial, commercial, utility, and renewable asset markets in North America. We work to earn the right to be our customers' Trusted Partner in Power™. Our highly skilled and dedicated people, located in the communities we serve, combined with our knowledge of the power industry, technology expertise, and commitment to safety, ensures we deliver the right solutions that keep our customers' operations up and running today and better equipped for tomorrow. Learn more at www.sparkpowercorp.com.

Investor and Regulatory Inquiries:
Richard Perri
Executive Vice President & Chief Financial Officer
investors@sparkpowercorp.com
+1 (905)-829-3336

Media Inquiries:
April Currey, Vice President, Sales & Marketing
media@sparkpowercorp.com
+1 (905)-829-3336

SOURCE: Spark Power Group Inc.

View source version on accesswire.com:
https://www.accesswire.com/702945/Spark-Announces-Results-of-Voting-at-Annual-General-Meeting-of-Shareholders

FAQ

What were the voting results for the directors at Spark Power Group's Annual General Meeting on May 25, 2022?

Lucio Di Clemente received 78.303%, Daniel Peloquin 76.324%, and Joseph Quarin 76.307% of votes in favor.

How many shareholders approved the appointment of an auditor at Spark Power's AGM?

97.801% of shareholders voted in favor of the auditor's appointment.

What percentage of votes supported the re-approval of the Employee Stock Option Plan at Spark Power's AGM?

The re-approval of the Employee Stock Option Plan received 81.215% support from shareholders.

Did any directors at Spark Power receive a significant number of votes withheld at the AGM?

Yes, all directors received withheld votes ranging from 21.697% to 23.693%, indicating some shareholder concerns.