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Thetford Mines, Quebec – TheNewswire – June 28, 2023 – KDA Group Inc. (TSXV:KDA) (“KDA” or the “Corporation”) announces the voting results of the annual general and special meeting of shareholders (the “Meeting”) held yesterday, in Longueuil.
The Corporation is reporting the voting results of its Meeting held on Tuesday, June 27, 2023. The summary of the results as follows : the total percentage of shares voted at the Meeting was more than 46% and each of the nominee directors listed in the Corporation’s management information circular dated May 29, 2023 (available under KDA’s profile on SEDAR), being Isabelle Bégin, Joshua Chandler, Patrick Fernet, Michael W. Kinley, David Lampron and Marc Lemieux, were elected as directors of the Corporation by the shareholders with more than 98.80% of the votes for each of them.
The resolution to appoint Mazars, LLP as auditor of the Corporation for the current financial year 2023, to hold office until the next meeting of shareholders, and authorize the board of directors of the Corporation (the “Board of Directors”) to set the compensation to be paid to the auditor was approved with 99.94% of the votes for the resolution.
Finally, the special resolution to approve and authorize the Corporation to sell and transfer all shares of its wholly-owned subsidiary, Agence L.I.V. Inc., in consideration of a purchase price of thirteen million five hundred thousand dollars ($13,500,000), previously announced by press release dated May 29, 2023, was approved with 100% of the votes for the special resolution.
Subsequent to the Meeting, the Board of Directors appointed the following chairman and officers of the Corporation: Marc Lemieux as chairman of the Board of Directors, president and chief executive officer, and Luc Olivier as chief financial officer.
Also, the Board of Directors appointed: Patrick Fernet, Michael W. Kinley and Marc Lemieux as members of the Corporation’s audit committee.
ABOUT KDA GROUP
KDA Group is a leader in technological innovations and specialized solutions in the pharmaceutical market. KDA is a corporation that offers quality products and has a respected expertise among the various stakeholders in the pharmaceutical and medical sectors. Its management team is guided by the vision to pursue leading the way in Canada and internationally. Additional information about the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
INFORMATION
Marc Lemieux, Chief Executive Officer
514 622-7370
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