/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE U.S./
VANCOUVER, BC, June 30, 2021 /CNW/ - Loop Energy Inc.
("Loop" or the "Company") (TSX: LPEN) is pleased to
announce that all of the nominees proposed as Directors and listed
in the Company's Management Information Circular dated May 20, 2021 (the "Circular") were elected as
Directors of Loop at its annual general meeting of shareholders
held on June 29, 2021 (the
"Meeting"). At the Meeting, KPMG LLP were also appointed as
auditors of Loop.
According to proxies received, the votes at the Meeting were as
follows:
|
Business
|
|
Outcome of
Vote
|
|
Votes
For
|
|
Votes
Against
|
Votes
Withheld
|
|
1.
|
To set the number of
Directors at six.
|
|
Approved
|
|
14,942,425
(99.97%)
|
|
4,303
(0.03%)
|
|
|
2.
|
Resolution
electing:
|
|
|
|
|
|
|
|
|
(a)
Neil Murdoch;
|
|
Approved
|
|
13,547,091
(90.64%)
|
|
|
1,399,637
(9.36%)
|
|
(b)
Allan Collings;
|
|
Approved
|
|
13,548,391
(90.64%)
|
|
|
1,398,337
(9.36%)
|
|
(c)
Ben Nyland;
|
|
Approved
|
|
14,035,330
(93.90%)
|
|
|
911,398
(6.10%)
|
|
(d)
Sophia Langlois;
|
|
Approved
|
|
14,940,395
(99.96%)
|
|
|
6,333
(0.04%)
|
|
(e)
Andreas Truckenbrodt; and
|
|
Approved
|
|
13,943,312
(93.29%)
|
|
|
1,003,416
(6.71%)
|
|
(f) Christopher
Clulow
|
|
Approved
|
|
14,939,346
(99.95%)
|
|
|
7,382
(0.05%)
|
|
as directors of the
Company.
|
|
|
|
|
|
|
|
|
3.
|
Resolution appointing
KPMG LLP, as auditors of the Company for the ensuing year and
authorizing the directors of the Company to fix their
remuneration.
|
|
Approved
|
|
14,619,152
(97.81%)
|
|
|
327,576
(2.19%)
|
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell
systems targeted for the electrification of commercial vehicles,
including, light commercial vehicles, transit buses and medium and
heavy-duty trucks. Loop's products feature the Company's
proprietary eFlow™ technology in the fuel cell stack's bipolar
plates. eFlow™ was designed to enable commercial customers to
achieve performance maximization and cost minimization. Loop works
with OEMs and major vehicle sub-system suppliers to enable the
production of hydrogen fuel cell electric vehicles. For more
information about how Loop is driving towards a zero-emissions
future, visit www.loopenergy.com.
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflect management's current expectations regarding future events.
Forward–looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward–looking information. Such risks and
uncertainties include, but are not limited to, the ability of the
Company to execute on its strategy and the factors discussed under
"Risk Factors" in the final long-form prospectus of the Company
dated February 18, 2021. Loop
disclaims any obligation to update these forward-looking
statements.
SOURCE Loop Energy