Business
Beyond Oil Announces Annual General Meeting Results
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / July 22, 2022 / Beyond Oil Ltd. (C...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Announces Annual General Meeting ResultsVANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / July 22, 2022 / Beyond Oil Ltd. (CSE:BOIL) (\" Beyond Oil \" or the \" Company \"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to announce the results from its annual general meeting (the \" Meeting \") of shareholders held on July 21, 2022.Detailed Results of the MeetingTotal Votes Represented27,040,819Total Issued and Outstanding as at Record Date48,821,006Percentage of Votes Presented at the Meeting55.39 %The six (6) nominees listed below were elected as directors of Beyond Oil at the Meeting as follows:Dr. Tamir Gedo, Jonathan Or, Dan Itzhaki, Robert Kiesman, Gad Penini, and Hanadi Said.Additionally, shareholders resolved to appoint BDO Ziv Haft as auditor of the Company for the ensuing year and to authorize the directors for their remuneration.A Message from Dr. Tamir Gedo, CEO of Beyond OilOn behalf of our board of directors, I would like to thank all of our shareholders for your unwavering support and trust over these last few months as we transitioned to a publicly traded company. We are very proud to have achieved so much in a short period of time. A large part of 2021 was dedicated to the preparation of the public listing transaction, which successfully closed in May 2022. This was an important milestone for Beyond Oil that has kickstarted our journey towards commercialization.Despite the ongoing Covid-19 pandemic and unstable economics worldwide, we recognize that the market is mature and ready for our disruptive technology. Companies are seeking an innovative solution that will help lower frying oil costs, especially as we navigate the current challenging situation of heightened frying oil prices and operating costs directly impacted by the rising inflation.Over the past few months, we have been building important partnerships with strong distributors who believe in our patented formulation. We also see growing interest from restaurants, food chains, and food producers who have begun to realize the significant benefits of our product to their companies and their customers. They are keen to collaborate with us - some have already completed successful pilot programs - and join our mission to disrupt and transform the food industry by helping food-service ch...