CALGARY,
AB, June 6, 2024 /CNW/ -
Tidewater Renewables Ltd. ("Tidewater Renewables" or
the "Corporation") (TSX: LCFS) is pleased to announce the
voting results from our annual general and special meeting of
holders of common shares ("Shares") of the Corporation held in
Calgary, Alberta on June 5, 2024 (the "Meeting"). A total of
32,937,713 Shares representing 94.57% of the outstanding Shares
were voted in connection with the Meeting.
The vote on each matter was conducted by ballot. The holders of
Shares: (i) set the number of directors at four;
(ii) elected Jeremy
Baines, Margaret A. (Greta)
Raymond, Jeffrey Hamilton,
and Todd Moser as directors of the
Corporation; (iii) re-appointed Deloitte LLP as
Tidewater Renewable's auditors; (iv) passed the
non-binding advisory vote on the Corporation's approach to
executive compensation; (v) approved all
unallocated stock options and units under the Corporation's
share-based compensation plans; and (vi) approved
the amendments to the Corporation's share-based compensation
plans.
The detailed results of the vote for the election of directors
held at the Meeting are set out below:
|
Nominee
|
Votes For
|
% For
|
Votes Withheld
|
% Withheld
|
|
Jeremy
Baines
|
31,954,427
|
97.54
|
807,647
|
2.46
|
|
Margaret A. (Greta)
Raymond
|
31,541,657
|
96.28
|
1,220,417
|
3.72
|
|
Jeffrey
Hamilton
|
32,697,673
|
99.80
|
64,401
|
0.20
|
|
Todd Moser
|
32,648,681
|
99.75
|
83,311
|
0.25
|
Further disclosure on the matters approved at the Meeting can be
found in the Management Information Circular dated April 19, 2024, the amendment to the Management
Information Circular, and the Report of Voting Results for the
Meeting on SEDAR+.
ABOUT TIDEWATER
RENEWABLES
Tidewater Renewables is a multi-faceted energy transition
company. The Corporation is focused on the production of low carbon
fuels, including renewable diesel. The Corporation was created in
response to the growing demand for renewable fuels in North America and to capitalize on its
potential to efficiently turn a wide variety of renewable
feedstocks (such as tallow, used cooking oil, distillers corn oil,
soybean oil, canola oil and other biomasses) into low carbon fuels.
Tidewater Renewables' objective is to become one of the leading
Canadian renewable fuel producers. Additional information relating
to Tidewater Renewables is available on SEDAR+ at www.sedarplus.ca
and at www.tidewater-renewables.com.
SOURCE Tidewater Renewables Ltd.