Business
KWESST Micro Systems Announces Results of 2022 Annual General and Special Meeting of Shareholders, Business Update and Frankfurt Listing
Ottawa, Ontario--(Newsfile Corp. - April 4, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTC...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"KWESST Micro Systems Announces Results of 2022 Annual General and Special Meeting of Shareholders, Business Update and Frankfurt ListingOttawa, Ontario--(Newsfile Corp. - April 4, 2022) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) (\"KWESST\" or the \"Company\") announces the results of its 2022 Annual and Special Meeting of shareholders held on Thursday, March 31, 2022 in virtual format.Shareholders approved all the resolutions detailed in the management information circular of the Company dated February 11, 2022, namely:To set the number of Directors at six;Electing all the nominees to the Board of Directors of the Company;Appointing KPMG LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor's compensation; andApproving the Company's amended long term incentive plan.The Company also provided the following general update to investors.Business UpdateWith war in the Ukraine, KWESST is currently actioning a number of NATO and non-NATO country requests for quotations of its PhantomTM electronic decoy and its Laser Detection suite. \"The pace has picked up noticeably,\" said David Luxton, Executive Chairman of KWESST, who recently returned from consultations in Europe. \"We are excited at the prospect of providing a solution against the dangerous threat of electronic detection of forces in the modern battlefield using our PhantomTM decoy.\" KWESST will be one of two companies featured at a gathering of foreign Defence Attaches in Ottawa, April 19, 2022, where General (retired) Rick Hillier, former Chief of Defence Staff, Canadian Department of National Defence, will be the keynote speaker. General Hillier also serves as Chairman of KWESST's International Advisory Council.Frankfurt ListingThe Company is pleased to announce the listing of its common shares for trading on the Frankfurt Stock Exchange (\"FSE\") under the trading symbol 62U. The Company's shares will continue to trade on the TSXV and the OTCQB. \"The FSE listing provides us with the opportunity to further increase our investor base globally, improve our stock liquidity, and promote KWESST to the European financial markets,\" stated David Luxton, Executive Chairman of KWESST.PSU AwardsOn March 31, 2022, the independent directors of the Board (\"Independent Directors\") approved the grant of 600,...