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Neptune Wellness Solutions Inc.

Nasdaq Small Caps | Sep 20, 2019, 7:07 PM EDT

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Neptune Announces the Election of its Directors and Voting Results

LAVAL, QC, Aug. 15, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), announces  the voting results for the matters listed in its management proxy circular dated July 16, 2019 held at its Annual and Special Meeting of Shareholders in Montreal, Canada on August 14,  2019 (the "AGM").

Logo: Neptune (CNW Group/Neptune Wellness Solutions Inc.)

Election of Directors. According to proxies received and a vote by show of hands, the following individuals were elected as directors of Neptune for the ensuing year.  

 

Nominee

Votes
For

% Votes
For

Votes
Withheld

% Votes
Withheld

John M. Moretz

25,621,016

99.28%

185,769

0.72%

Michael Cammarata

25,624,524

99.29%

182,261

0.71%

Ronald Denis

24,998,620

96.87%

808,165

3.13%

Hélène F. Fortin

25,023,212

96.96%

783,573

3.04%

Richard Schottenfeld

25,687,211

99.54%

119,574

0.46%

Philippe Trudeau

25,634,474

99.33%

172,311

0.67%

 

Appointment of Auditors. According to proxies received and a vote by show of hands, KPMG LLP were appointed as the Corporation's auditors for the ensuing fiscal year and the directors were authorized to fix their remuneration.

 

KPMG LLP

Votes in Favor

% In Favor

Votes
Withheld

% Withheld

60,010,428

99.52%

286,464

0.48%

 

Approval of Amended Stock Option Plan and Equity Incentive Plan, and Related Matters. According to proxies received and a vote by show of hands, a majority of disinterested shareholders[1] approved the Corporation's amended stock option plan and equity incentive plan, and approved the grant of options to purchase common shares of the Corporation to Michael Cammarata.

 

Stock Option Plan and
Equity Incentive Plan
Amendments and
Related Matters

Votes in Favor

% In Favor

Votes
Against

% Against

23,942,856

92.78%

1,863,928

7.22%

 

About Neptune Wellness Solutions Inc.
Neptune Wellness Solutions specializes in the extraction, purification and formulation of health and wellness products. Neptune's wholly owned subsidiary, 9354-7537 Québec Inc., is licensed by Health Canada to process cannabis at its 50,000-square-foot facility located in Sherbooke, Quebec. With the recent acquisition of SugarLeaf, the Company now has a U.S.-based hemp extract supply chain supported by a 24,000 square-foot facility located in North Carolina. Neptune and SugarLeaf combined bring decades of experience in the natural products sector to the legal cannabis and hemp industry. Leveraging its scientific and technological expertise, The Company as a whole focuses on the development of value-added and differentiated products for the Canadian, U.S. and global cannabis and hemp markets. Neptune's activities also include the development and commercialization of turnkey nutrition solutions and patented ingredients such as MaxSimil®, and of a variety of marine and seed oils. Its head office is located in Laval, Quebec.

 

_________________________________

1 Excluding the votes of insiders to whom stock options or entitlements may be granted under the stock option plan, or the equity incentive plan, and their associates, representing a total of 6,520,518 votes.

 

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SOURCE Neptune Wellness Solutions Inc.

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