TORONTO, July 25, 2024 /CNW/ - Argo Co. (TSXV: ARGH)
(OTCQX: ARGHF) (STEER Technologies Inc.* now d/b/a/ "Argo Co." or
the "Company"), a new technology venture focused on
transforming public transportation and improving mobility within
and across cities, is pleased to announce the voting results from
its annual general and special meeting of shareholders held
virtually today (the "Meeting").
Each of the director nominees were re-elected as a director of
the Company to serve until the next annual meeting of shareholders
or until their successors are duly elected or appointed. Voting
results with respect to each of the director nominees at the
Meeting were as follows:
|
Director
|
For
|
%
|
|
Praveen
Arichandran
|
49,335,634
|
99.81 %
|
|
Qamar
Qureshi
|
48,790,772
|
98.71 %
|
|
Daniel
Habashi
|
49,342,411
|
99.83 %
|
|
Colette
Bridgman
|
49,348,589
|
99.84 %
|
In addition, all other matters presented for approval at the
Meeting were duly authorized and approved, including:
- Fixing the size of the board of directors of the Company at
five (5);
- Re-appointment of SRCO Professional Corporation as the
auditor of the Company;
- Approval of a new omnibus long-term incentive plan of the
Company (the "Omnibus Plan");
- Change of the name of the Company to Argo Corporation;
and
- Change of the registered head office of the Company to Suite
101, 545 King Street West, Toronto,
Ontario M5V 1M1.
The Omnibus Plan has received the final acceptance of the TSX
Venture Exchange and is effective as of the date hereof. An
aggregate of 26,588,923 common shares of the Company, representing
20% of the Company's issued and outstanding share capital as of the
date hereof, are reserved and available for grant and issuance
pursuant to awards under the Omnibus Plan, subject to adjustment
pursuant to its terms.
It is anticipated that the name of the Company will be formally
changed to Argo Corporation in the near future.
About Argo
Argo is committed to transforming public transportation and
improving mobility within and across cities with world-class
Canadian tech talent who have returned to Toronto from around the globe to further
Argo's vision of removing public transportation barriers in service
of a better, more connected future. You can learn more about the
Argo team at www.rideargo.com.
*The Company intends to effect a legal name change to Argo
Corporation further to the approval by shareholders of such name
change at the Meeting. Until the finalization of such name change,
all regulatory filings will continue to occur under the Company's
current legal name, STEER Technologies Inc.
Forward-Looking Information
This news release includes certain forward-looking statements,
including statements relating to the legal name change of the
Company. Forward looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate",
"estimate", "intend" and similar words referring to future events
and results. Forward-looking statements are based on the current
opinions and expectations of management. All forward-looking
information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, as described in more detail
in the Company's securities filings available at www.sedarplus.ca.
Actual events or results may differ materially from those projected
in the forward-looking statements and we caution against placing
undue reliance thereon. We assume no obligation to revise or update
these forward-looking statements except as required by applicable
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Argo Co.
