Skychain Addresses More Deception by Purported Concerned Shareholder
SkyChain Technologies (TSXV: SCT.H) has issued a statement addressing a proxy solicitation by 1154557 B.C. , referred to as the 'Purported Concerned Shareholder.' The company states that the yellow proxies and dissident proxy circular dated October 10, 2024, are invalid as they failed to comply with the company's advance notice requirements for director nominations. The company emphasizes that only the white proxy will be valid for the upcoming annual and general special meeting scheduled for November 7, 2024. SkyChain maintains that the Purported Concerned Shareholder's actions are deliberately misleading shareholders and urges all shareholders to vote using the white proxy.
SkyChain Technologies (TSXV: SCT.H) ha rilasciato una dichiarazione riguardante una sollecitazione di deleghe da parte di 1154557 B.C., definita 'Presunta Società Interessata'. L'azienda afferma che le deleghe gialle e il circolare di deleghe dissidenti datati 10 ottobre 2024 sono invalidi poiché non hanno rispettato i requisiti di preavviso per le nomine dei direttori. L'azienda sottolinea che solo la delega bianca sarà valida per l'imminente assemblea generale e speciale annuale prevista per il 7 novembre 2024. SkyChain sostiene che le azioni della Presunta Società Interessata sono volutamente ingannevoli nei confronti degli azionisti e invita tutti gli azionisti a votare utilizzando la delega bianca.
SkyChain Technologies (TSXV: SCT.H) ha emitido una declaración sobre una solicitud de poder por parte de 1154557 B.C., denominado el 'Supuesto Accionista Preocupado'. La empresa indica que los poderes amarillos y el circular de poderes disidentes con fecha del 10 de octubre de 2024 son inválidos, ya que no cumplieron con los requisitos de notificación previa de la empresa para las nominaciones de directores. La compañía enfatiza que solo el poder blanco será válido para la próxima reunión anual y especial programada para el 7 de noviembre de 2024. SkyChain sostiene que las acciones del Supuesto Accionista Preocupado están deliberadamente engañando a los accionistas y urge a todos los accionistas a votar utilizando el poder blanco.
스카이체인 테크놀로지스(SXTV: SCT.H)는 1154557 B.C.의 위임장 요청에 대한 성명을 발표했습니다. 이들은 '추정된 우려 주주'로 언급됩니다. 회사는 2024년 10월 10일자 노란색 위임장과 반대 위임장 통지가 회사의 이사 지명에 대한 사전 통지 요건을 충족하지 않아 무효라고 밝혔습니다. 회사는 다가오는 연례 및 일반 특별 회의에서 오직 흰색 위임장만 유효하다고 강조합니다. 스카이체인은 추정된 우려 주주의 행동이 주주를 고의적으로 오도하고 있다고 주장하며 모든 주주에게 흰색 위임장을 사용하여 투표할 것을 촉구합니다.
SkyChain Technologies (TSXV: SCT.H) a publié une déclaration concernant une sollicitation de procurations par 1154557 B.C., appelée 'Actionnaire Préoccupé Prétendu'. L'entreprise indique que les procurations jaunes et le cercle de procuration dissidente datés du 10 octobre 2024 sont invalides car ils n'ont pas respecté les exigences de préavis de l'entreprise pour les nominations des directeurs. L'entreprise souligne que seule la procuration blanche sera valide pour la prochaine assemblée générale et spéciale prévue pour le 7 novembre 2024. SkyChain maintient que les actions de l'Actionnaire Préoccupé Prétendu induisent délibérément en erreur les actionnaires et appelle tous les actionnaires à voter en utilisant la procuration blanche.
SkyChain Technologies (TSXV: SCT.H) hat eine Erklärung zu einer Vollmachtsanfrage von 1154557 B.C. abgegeben, den sogenannten 'Vorgeblichen Besorgten Aktionär'. Das Unternehmen erklärt, dass die gelben Vollmachten und der dissidente Vollmachtsrundbrief vom 10. Oktober 2024 ungültig sind, da sie die vorherigen Anforderungsangaben für die Nominierungen von Direktoren nicht erfüllt haben. Das Unternehmen betont, dass nur die weißen Vollmachten für die bevorstehende ordentliche und außerordentliche Hauptversammlung am 7. November 2024 gültig sein werden. SkyChain ist der Ansicht, dass die Aktionen des vorgeblichen besorgten Aktionärs die Aktionäre absichtlich in die Irre führen und fordert alle Aktionäre auf, ihre Stimmen mit den weißen Vollmachten abzugeben.
- None.
- Ongoing proxy battle with dissident shareholder creating corporate governance issues
- Potential shareholder confusion and disruption due to competing proxy materials
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2024) - SkyChain Technologies Inc. (TSXV: SCT.H) (the "Company") wishes to address the proxy solicitation by 1154557 B.C. Ltd. (the "Purported Concerned Shareholder"), which mailed out its yellow proxies and dissident proxy circular dated October 10, 2024 (the "Dissident Circular") to the Company's shareholders and created further confusion for the Company's annual and general special meeting of the shareholders to be held on November 7, 2024 (the "Meeting").
The Company has previously adopted advance notice requirements for nomination of directors that are binding on all shareholders of the Company. The Company advised the Purported Concerned Shareholder that the advance notice submitted by it was not compliant with corporate law and is invalid. The Purported Concerned Shareholder never responded to address the deficiencies. As such, the issuance of the Dissident Circular is meritless because the nominations have not been properly made in accordance with the Company's articles.
The Purported Concerned Shareholder has circulated materials that have no force and effect. The Company's articles provide strict requirements by which shareholders can nominate directors and the Purported Concerned Shareholder and those working jointly and in concert with it have yet again failed to comply with those rules, notwithstanding efforts by the Company to seek their compliance. It is regrettable that the Purported Concerned Shareholder has chosen to ignore basic legal requirements and to further engage in a strategy of deliberately misleading and confusing shareholders.
In conclusion, the Dissident Circular mailed out by the Purported Concerned Shareholder is of no effect and the yellow proxy has no effect. Only the Company's white proxy can be voted at the Meeting. We encourage all shareholders to vote their white proxy at their earliest opportunity to ensure that their vote is counted at the Meeting.
About Skychain Technologies Inc.
Skychain Technologies Inc. is a Vancouver based company providing crypto/data centre and NFT and valued added services. To learn more, visit skychaintechnologiesinc.com
ON BEHALF OF THE BOARD OF DIRECTORS
Don Gordon, President and CEO
______________________________________________________________________
Contact: 604 - 617-7221
info@skychaintechnologiesinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227771
FAQ
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