Tornado Global Hydrovacs Announces Voting Results from AGM
December 01 2022 - 7:43PM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V:
TGH; OTCQX: TGHLF) announces 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 as follows:
|
Votes |
In
Favour |
Guy
Nelson |
63,245,961 |
100% |
James
Chui |
63,245,961 |
99.98% |
George
Tai |
63,245,961 |
99.99% |
Chuyu
Wu |
63,245,961 |
99.98% |
Robert
Marshall |
63,245,961 |
99.78% |
The 63 million proxies voted above represent approximately 48%
of the total shares outstanding. Additionally, resolutions
approving the following additional matters were passed at the
meeting:
- Appointing Ernst & Young LLP as auditors of the Company:
passed with 100% of votes cast in favour.
- Approval of the Company’s Amended Stock Option Plan: passed
with over 99.9% of votes cast in favour.
After the formal business portion of the meeting
was completed, Mr. Brett Newton, President and Chief Executive
Officer, gave a presentation about the Company. The presentation
can be viewed on the Company’s website
at www.tornadotrucks.com.
On October 3, 2022, the Company engaged The
Howard Group to direct its capital market and corporate digital
communication programs. The Company’s investors relation
presentation can be viewed on The Howard Group’s website at
www.howardgroupinc.com/tornado.
About Tornado Global Hydrovacs
Ltd.
Tornado is a pioneer and leader in the vacuum
truck industry and has been a choice of oilfield and utility
professionals with over 1,100 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 the North America to safely
excavate in urban areas and around critical infrastructure greatly
reducing infrastructure damage and related fatalities. In China,
the Company’s subsidiary is used principally to source certain
parts to the Company’s North America operations.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Brett NewtonPresident and Chief Executive OfficerPhone: (587)
802-5070Email: bnewton@tghl.ca |
Investor Relations ContactJeff Walker, VPThe Howard Group
Inc.Phone: (403) 221-0915Email: jeff@howardgroupinc.com |
Neither the Exchange nor its Regulation
Service Provider (as that term is defined in policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
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