07:23:54 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Tornado Global Hydrovacs Ltd
Symbol TGH
Shares Issued 135,871,119
Close 2024-01-09 C$ 0.53
Market Cap C$ 72,011,693
Recent Sedar Documents

Tornado Global shareholders approve AGM resolutions

2024-01-09 18:45 ET - News Release

Mr. Brett Newton reports

TORNADO GLOBAL HYDROVACS ANNOUNCES VOTING RESULTS FROM AGM

Tornado Global Hydrovacs Ltd. has released 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 provided in the attached table.

The 66 million proxies voted as shown in the attached table represent approximately 48.2 per cent of the total shares outstanding. Additionally, resolutions approving the following additional matters were passed at the meeting:

  • Appointing Ernst & Young LLP as the auditor of the company: passed with 100 per cent of votes cast in favour;
  • Reapproval of the company's amended stock option plan: passed with over 99.6 per cent 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.

About Tornado Global Hydrovacs Ltd.

Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oil field 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.

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