Dr. Sankar Das Gupta reports
ELECTROVAYA ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
All of the resolutions that shareholders were asked to consider at Electrovaya Inc.'s 2021 annual and special meeting, held on Feb. 17, 2021, in Toronto, Ont., were approved. The six directors named in the management information circular of the company, being Dr. Sankar Das Gupta, Dr. Bejoy Das Gupta, Dr. James Jacobs, Dr. Alexander McLean, Dr. Carolyn Hansson and John A. Macdonald, were each elected as directors by over 96 per cent of the votes cast for and less than 4 per cent of the votes withheld at the meeting for each director individually. Detailed results of the vote are set out in the attached table.
VOTING RESULTS FOR ELECTION OF DIRECTORS
Nominee Votes for Votes withheld Percentage of Percentage of
votes for votes withheld
Dr. Sankar Das Gupta 42,934,315 64,050 99.85% 0.15%
Dr. Bejoy Das Gupta 41,611,415 1,386,950 96.77% 3.23%
Dr. Alexander McLean 42,859,227 139,138 99.68% 0.32%
Dr. Carolyn Hansson 41,666,027 1,332,338 96.90% 3.10%
Dr. James K. Jacobs 42,039,022 959,343 97.77% 2.23%
John A. Macdonald 42,955,327 43,038 99.90% 0.10%
Goodman & Associates LLP was reappointed as the auditor of the company.
The ordinary resolution to amend the stock option plan was passed with 95.13 per cent voting in favour and 4.87 per cent voting against the resolution.
The special resolution authorizing the board to amend the articles of Electrovaya to permit a possible consolidation of the company's issued and outstanding common shares was passed with 94.76 per cent voting in favour and 5.24 per cent voting against the resolution.
The ordinary resolution to approve bylaw No. 2 of the company was passed with 99.71 per cent voting in favour and 0.29 per cent voting against the resolution.
Additional details are included in the report of voting results, filed under the company's profile on SEDAR.
About Electrovaya Inc.
Electrovaya designs, develops and manufactures proprietary lithium ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology-focused company with extensive intellectual property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe.
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