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Midpoint Appoints Chairman and Approves Advance Notice Policy
Midpoint Appoints Chairman and Approves Advance Notice Policy Midpoint Appoints Ch...
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[{"type":"text","content":"\n\n\n\nMidpoint Appoints Chairman and Approves Advance Notice Policy\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\n\n\n\n\n\nMidpoint Appoints Chairman and Approves Advance Notice Policy\nCanada NewsWire\nTORONTO, April 15, 2016\n\n\n\nTORONTO, April 15, 2016 /CNW/ - Midpoint Holdings Ltd. (TSXV: MPT) (\"Midpoint\" or the \"Company\") announces that, effective on April 11, 2016, the Board of Directors (the \"Board\") of the Company appointed David Wong, the Company's current President and CEO, as the Chairman of the Board of Directors and, in addition, approved an advance notice policy (the \"Advance Notice Policy\").\n\nThe Advance Notice Policy includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the \"Act\"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.\n\nAdditionally, the Advance Notice Policy sets a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the Company and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form. \n\nIn the case of an annual meeting of shareholders, notice to the Company must be made not less than 45 days nor more than 65 days prior to the date of the annual meeting. However, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the tenth day following such public announcement.\n\nIn the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company...