VANCOUVER, BC,
March 30, 2022 /CNW/ -
Freshlocal Solutions Inc. (TSX: LOCL) (OTC: FLOCF)
("Freshlocal" or the "Company") is pleased to
announce its Annual General and Special Meeting of Shareholders of
the Company ("AGSM") held virtually on March 30, 2022.
A total of 20,405,651 votes were represented at the AGSM
amounting to 46.42% of the issued common shares of the Company as
of the record date.
Shareholders of the Company approved the setting of the number
of directors at five. The following is the tabulation of
proxy votes in the election of the five directors:
|
|
|
Directors
|
Tabulation of
Votes in Favour submitted by Proxy
|
|
Simon Cairns
|
19,755,465
|
(96.81%)
|
|
Douglas
Harrison
|
19,019,842
|
(93.21%)
|
|
D. Neil
McDonnell
|
18,520,012
|
(90.76%)
|
|
Eric Phaneuf
|
17,168,415
|
(84.14%)
|
|
Monique
Wilberg
|
18,125,264
|
(88.82%)
|
In addition, the detailed results of the votes cast by proxy in
respect of the other matters brought before the AGSM is set out
below.
|
|
|
Description of
Matter
|
Tabulation of
Votes in Favour submitted by Proxy
|
|
To appoint
Deloitte LLP, Chartered Professional
Accountants as the auditors of the Company for the ensuing year and
authorizing the directors to fix the auditors'
remuneration.
|
20,073,617
|
(98.37%)
|
|
To pass an ordinary
resolution to: (i) approve the stock option plan of the Company
(the "Stock Option Plan"); (ii) authorize the unallocated
stock options under the Stock Option Plan; (iii) ratify the grants
of previously granted stock options under the former stock option
plan of the Company; and (iv) ratify the grants of stock options
made pursuant to the Stock Option Plan since April 16,
2021.
|
14,050,763
|
(68.86%)
|
|
To pass an ordinary
resolution to: (i) approve the share unit plan of the Company (the
"Share Unit Plan"); (ii) authorize the unallocated
restricted share units ("RSUs") and performance share units
under the Share Unit Plan; and (iii) ratify the grants of RSUs made
pursuant to the Share Unit Plan since April 16, 2021.
|
19,167,685
|
(93.93%)
|
|
To pass an ordinary
resolution to: (i) approve the deferred share unit plan of the
Company (the "DSU Plan"); and (ii) authorize the unallocated
deferred share units under the DSU Plan.
|
20,068,104
|
(98.35%)
|
About Freshlocal Solutions Inc.
Freshlocal is a Vancouver-based
company that is building a leadership position in the provision of
end-to-end grocery e-commerce solutions. The Company operates two
primary businesses, FoodX and eGrocery, both of which support its
corporate mission to innovate food systems for people, planet and
prosperity. Food-X Technologies ("FoodX") is Freshlocal's
scalable end-to-end SaaS-based eGrocery Management Solution
(eGMS) which is designed to meet the needs of large and small
grocery retailers while providing profitable unit economics. The
FoodX eGMS is the culmination of over 20 years of experience in
online grocery and the Company's proven track record of delivering
efficiently, sustainably and profitably. The Company's consumer
eGrocery business has expanded into one of Canada's largest online grocery companies,
with a focus on delivering fresh, local, organic produce and
groceries, along with exceptional customer experiences. Freshlocal
serves the main urban markets in Alberta and British
Columbia through its brick and mortar store locations
operating under the Blush Lane and Be Fresh banners, as well as
through SPUD.ca which is the Company's award-winning online
eGrocery platform. Freshlocal's common shares are listed on the
Toronto Stock Exchange under the symbol "LOCL". Please visit
www.freshlocalsolutions.com.
SOURCE Freshlocal Solutions Inc.