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AVANTE CORP. SHAREHOLDER ANNOUNCES VOTING INTENTIONS AND AGM QUESTIONS
AVANTE CORP. SHAREHOLDER ANNOUNCES VOTING INTENTIONS AND AGM QUESTIONS Canada NewsWire ...
About this update from Avante Corp
[{"type":"text","content":"\n\n\n\n AVANTE CORP. SHAREHOLDER ANNOUNCES VOTING INTENTIONS AND AGM QUESTIONS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Oct. 8, 2024\n \n\n /CNW/ -\n \n George Christopoulos\n \n today announced his voting intentions concerning Avante Corp. (\"Avante\") (TSXV: XX). Mr. Christopoulos is Avante's largest shareholder, holding 5,327,000 shares (19.99%). Fairfax Financial Holdings Ltd. (TSX: FFH) is Avante's second largest shareholder with 5,297,434 shares (19.88%).\n \n\n In addition, Mr. Christopoulos is\n \n announcing\n \n\n seven questions\n \n for Avante's shareholders' meeting\n \n October 24, 2024\n \n , which unfortunately is being held in virtual format only.\n \n\n\n VOTING INTENTIONS\n \n\n\n Mr. Christopoulos, intends to vote all 5,327,000 shares under his control as follows:\n \n\n\n\n Election of Directors\n \n\n\n\n\n\n WITHHOLD\n \n Avante's five nominees\n \n\n\n\n\n FOR\n \n\n Chris Lynch\n \n (former CFO, AlarmForce Industries Inc.)\n \n\n\n FOR\n \n\n Cory Tamagi\n \n (former CEO, Circa Enterprises Inc.)\n \n\n\n FOR\n \n\n Stephen Rotz\n \n (former CFO,\n \n Avante Corp\n \n .)\n \n\n\n\n\n Ratification of Stock Option Plan\n \n\n\n\n\n\n AGAINST\n \n\n\n\n\n\n Shareholder Proposal Four (Disclose Detailed Voting Results)\n \n\n\n\n\n\n FOR\n \n\n\n\n\n\n Shareholder Proposal Five (Hold Shareholders' Meetings In Person)\n \n\n\n\n\n\n FOR\n \n\n\n\n\n\n Shareholder Proposal Six (Repeal Advance Notice By-law)\n \n\n\n\n\n\n FOR\n \n\n\n\n\n REASONS\n \n\n\n\n\n Directors\n \n\n\n\n\n\n Fairfax and Emmanuel Mounouchos\n \n previously acted as dissidents, combining to block the sale of Avante, at a value of\n \n $1.75\n \n\n per Avante share (announced on\n \n February 9, 2022\n \n ). Since\n \n March 30, 2022\n \n\n Fairfax and Mr. Mounouchos have nominated Avante's entire board. The net effect has been:\n \n $5,558,125\n \n of losses from\n \n July 1, 2022\n \n to\n \n June 30, 2024\n \n , a dramatically lower share price, unacceptably poor gov...