Tornado Global Hydrovacs Announces Voting Results from AGM
10 January 2024 - 10:35AM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V:
TGH; OTCQX: TGHLF) announces the voting results arising from its
Annual General and Special Meeting of Shareholders held today.
Voting Results
The shareholders re-elected five directors to
the board at the meeting: Guy Nelson, James Chui, George Tai, Chuyu
Wu and Robert Marshall.
The results of the vote on the election of the
Board of Directors are as follows:
|
Votes |
In Favour |
Guy
Nelson |
65,549,949 |
99.6% |
James
Chui |
65,549,949 |
99.7% |
George
Tai |
65,549,949 |
99.7% |
Chuyu
Wu |
65,549,949 |
99.7% |
Robert
Marshall |
65,549,949 |
99.7% |
|
|
|
The 66 million proxies voted above represent
approximately 48.2% of the total shares outstanding. Additionally,
resolutions approving the following additional matters were passed
at the meeting:
- Appointing Ernst & Young LLP as
auditors of the Company: passed with 100% of votes cast in
favour.
- Re-approval of the Company’s
Amended Stock Option Plan: passed with over 99.6% of votes cast in
favour.
After the formal business portion of the meeting
was completed, Mr. Nelson, Non-Executive Chairman, gave a
presentation about the Company. The presentation can be viewed on
the Company’s website at www.tornadotrucks.com.
About Tornado Global Hydrovacs
Ltd.
Tornado is a pioneer and leader in the vacuum
truck industry and has been a choice of utility and oilfield
professionals with over 1,200 hydrovacs sold since 2005. The
Company designs and manufactures hydrovac trucks as well as
provides heavy duty truck maintenance operations in central
Alberta. It sells hydrovac trucks to excavation service providers
in the infrastructure and industrial construction and oil and gas
markets. Hydrovac trucks use high pressure water and vacuum to
safely penetrate and cut soil to expose critical infrastructure for
repair and installation without damage. Hydrovac excavation methods
are quickly becoming a standard in North America to safely excavate
in urban areas and around critical infrastructure greatly reducing
infrastructure damage and related fatalities.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Brett NewtonPresident and Chief Executive
OfficerPhone: (587) 802-5070Email: bnewton@tghl.ca
Neither the Exchange nor its Regulation
Service Provider (as that term is defined in policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
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