Odyssey Marine Exploration, Inc. press release
Foraco Announces Election Of Directors
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Canada NewsWire
TORONTO and MARSEILLE, France, May 7, 2020
TORONTO and MARSEILLE, France, May 7, 2020/CNW/ - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), in accordance with Toronto Stock Exchange ("TSX") requirements, announced the voting results for the election of its Board of Directors at the ordinary meeting of shareholders of the Company held on May 7, 2020in Marseille, France(the "Meeting"). In accordance with French law, shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of "withhold" votes.
The director nominees, as listed in the Company's management proxy circular, were elected as directors of the Company at the Meeting. The proxy votes submitted for each director were as follows:
Daniel Simoncini
| Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted | | FOR | 209,209 | 57,995,508 | 3,057,700 | 61,262,417 | 99,94% | Adopted | | AGAINST | | | 34,400 | 34,400 | 0,06% | | | Non vote/spoiled | | | | | | |
Jean-Pierre Charmensat
| Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted | | FOR | 209,209 | 57,995,508 | 2,978,070 | 61,182,787 | 99,81% | Adopted | | AGAINST | | | 114,030 | 114,030 | 0,19% | | | Non vote/spoiled | | | | | | |
Bruno Chabas
| Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted | | FOR | 209,209 | 57,995,508 | 2,767,350 | 60,972,067 | 99,47% | Adopted | | AGAINST | | | 324,750 | 324,750 | 0,53% | | | Non vote/spoiled | | | | | | |
Warren Holmes
| Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted | | FOR | 209,209 | 57,995,508 | 2,767,350 | 60,972,067 | 99,47% | Adopted | | AGAINST | | | 324,750 | 324,750 | 0,53% | | | Non vote/spoiled | | | | | | |
Jorge Hurtado
| Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted | | FOR | 209,209 | 57,995,508 | 3,077,700 | 61,282,417 | 99,98% | Adopted | | AGAINST | | | 14,400 | 14,400 | 0,02% | | | Non vote/spoiled | | | | | | |
In addition, the Meeting voted 99.98% in favour of the Company declaring a nil dividend in connection with the allocation of the Company's earnings (profit) for the 2019 fiscal year of €368,355 .
The Company's statutory filings are available at www.sedar.com.
About Foraco
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 22 countries across five continents.
SOURCE Foraco International SA
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about Foraco visit www.foraco.com or please contact: Fabien Sevestre, Email: ir@foraco.com, Tel: (705) 495-6363Copyright CNW Group 2020