Thunderbird Entertainment Group Announces 2022 AGM Results
On March 6, 2023, at its annual general and special meeting, Thunderbird Entertainment Group (TSXV:TBRD, OTCQX:THBRF) announced that shareholders approved all proposed resolutions. Key voting results included the election of directors with high approval percentages: Jennifer Twiner McCarron (98.17%), Asha Daniere (99.48%), and others. The board size was fixed at six members, and both the Stock Option Plan and Equity Compensation Plan received reapproval with over 99% votes in favor. Additionally, PricewaterhouseCoopers LLP was appointed as auditor. The company granted options for 80,000 common shares at an exercise price of $3.40 per share.
- Shareholder approval for all resolutions at the AGM demonstrates strong support.
- High approval rates for director elections, indicating confidence in leadership.
- Reapproval of Stock Option and Equity Compensation Plans suggests favorable shareholder sentiment.
- None.
Voting Results
Full details of the following matters that were voted on at the AGM are set out in the Company’s management information circular dated
Voting results for the election of directors are as follows:
Nominee |
Outcome
|
Votes By Poll |
|
% of Votes For |
% of Votes Withheld |
||
|
Carried |
98.17 |
1.83 |
|
Carried |
99.48 |
0.52 |
|
Carried |
98.17 |
1.83 |
|
Carried |
89.80 |
10.20 |
|
Carried |
91.23 |
8.77 |
|
Carried |
97.72 |
2.28 |
The shareholders also: (1) fixed the size of the board of directors at six; (2) reapproved the Company’s stock option plan (the “Stock Option Plan”); (3) approved certain amendments to the Stock Option Plan; (4) reapproved the Company’s equity compensation plan (the “Equity Compensation Plan”); (5) approved certain amendments to the Equity Compensation Plan; and (6) approved the appointment of
Resolution |
Outcome
|
Votes By Poll |
||
% of Votes
|
% of Votes
|
% of Votes
|
||
Number of Directors
|
Carried |
99.95 |
N/A |
0.05 |
Reapproval of the Stock Option Plan |
Carried |
99.64 |
N/A |
0.36 |
Approval of Amendments to the Stock Option Plan |
Carried |
99.63 |
N/A |
0.37 |
Reapproval of the Equity Compensation Plan |
Carried |
99.47 |
N/A |
0.53 |
Approval of Amendments to the Equity Compensation Plan |
Carried |
99.48 |
N/A |
0.52 |
Appointment of Auditor |
Carried |
99.96 |
0.04 |
N/A |
Option Grant
The Company has granted options to certain directors to purchase an aggregate of 80,000 common shares pursuant to the Stock Option Plan, with an exercise price of
ABOUT
SOURCE
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release, which has been prepared by management.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All such statements may not be based on historical facts that relate to the Company’s current expectations and views of future events and are made pursuant to the “safe harbour” provisions of applicable securities laws.
Forward-looking statements or information may be identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “plan”, “project”, “should”, “believe”, “intend”, or similar expressions concerning matters that are not historical facts. These statements represent management’s current beliefs and are based on information currently available to management and inherently involve numerous risks and uncertainties, both known and unknown. Many factors could cause actual results to differ materially including general economic and market segment conditions, competitor activity, product capability and acceptance, international risk and currency exchange rates and technology changes. An assessment of the risks that could cause actual results to materially differ from current expectations is contained in the “Risks and Uncertainty” section of the
The forward-looking statements or information contained in this news release represent our views as of the date hereof and as such information should not be relied upon as representing our views as of any date subsequent to the date hereof. The Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information.
Forward-looking statements in this document include, but are not limited to, statements with respect to the option term vesting schedule; and Thunderbird’s vision to produce high quality, socially responsible content that makes the world a better place. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; product capability and acceptance; international risk and currency exchange rates; and technology changes. An assessment of these risks that could cause actual results to materially differ from current expectations is contained in the “Risks and Uncertainty” section of
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