VOTI Detection Announces the Results of Its Annual and Special Meeting of Shareholders and Grant of Options and Dsu's
May 1, 2019
VOTI Detection Inc. (TSXV: VOTI) ("VOTI Detection" or the "Corporation") is pleased to announce that all the resolutions proposed to its shareholders were approved yesterday at the Corporation's...
MONTRÉAL, May 1, 2019 /CNW Telbec/ - VOTI Detection Inc. (TSXV: VOTI) ("VOTI Detection" or the "Corporation") is pleased to announce that all the resolutions proposed to its shareholders were approved yesterday at the Corporation's Annual and Special Meeting:
Election of Directors: The following seven nominees proposed by management were elected as directors of the Corporation: Marc-André Aubé, James Cherry, Karna Gupta, Neil Hindle, Alain Miquelon, Philip Murray and Rory Olson.
Appointment of Auditors: Deloitte LLP were appointed as independent auditors of the Corporation.
General By-Laws: The Corporation's General By-Laws were confirmed.
Stock Option Plan: The Corporation's Stock Option Plan was approved.
Grant of Stock Options: Options, previously granted under the Corporation's Stock Option Plan to certain of its executives and employees and totalling 2,010,000 common shares at an exercise price of $2.99 per share, were approved by a majority vote of disinterested shareholders.
Deferred Share Unit Plan: The Corporation's Deferred Share Unit Plan was approved by a majority vote of disinterested shareholders.
Restricted Share Unit Plan: The Corporation's Restricted Share Unit Plan was approved by a majority vote of disinterested shareholders.
A maximum of 450,000 common shares of the Corporation are issuable pursuant to the Deferred Share Unit Plan and the Restricted Share Unit Plan on a combined basis.
In addition, the board of directors has today granted to employees options to purchase a total of 105,000 common shares at a price of $2.99 each under the Corporation's Stock Option Plan and also granted 173,908 deferred share units to the independent directors in accordance with the terms of the Corporation's Deferred Share Unit Plan.
About VOTI Detection
VOTI Detection, headquartered in Montréal, Québec, and recently listed on the TSX Venture Exchange, is a leading-edge Canadian technology Corporation that develops latest-generation X-ray security systems based on 3D Perspective™ technology. VOTI's technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, VOTI has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations. www.votidetection.com
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SOURCE VOTI Detection Inc.