Business
Elemental Altus Royalties Announces Results of Annual General and Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Elemental Altus Royalties Cor...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Royalties Announces Results of Annual General and Special MeetingVancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or \"the Company\"), announces the voting results from its Annual General and Special Meeting held on September 7, 2023.Each of the resolutions approved at the meeting were described in detail in the Company's management information circular dated August 8, 2023, available on the SEDAR+ website at www.sedarplus.ca and on the Company's website at www.elementalaltus.com. ResolutionVotes ForVotes AgainstWithheld/Abstain% For% Against% Withheld/ AbstainElection of DirectorsFrederick Bell107,646,3820127,10399.880.000.12Martin Turenne107,634,0450139,44099.870.000.13Peter Williams107,420,7630352,72299.670.000.33John Robins107,655,7630117,72299.890.000.11Steven Poulton107,651,2040122,28199.890.000.11Karim Nasr107,658,8520114,63399.890.000.11David Netherway107,656,6530116,83299.890.000.11Robert Milroy107,662,7630110,72299.900.000.10Appointment of Auditors109,725,9900100,65599.910.000.09Approval of Omnibus Plan*99,862,549*531,343099.470.530.00 * Excluding 7,379,593 shares held by Insiders.As set forth above, Elemental Altus is pleased to announce that at the Annual General and Special Meeting, shareholders approved the ratifying of the Company's incentive compensation plan (the \"Omnibus Plan\"), including (i) the setting-aside, allotting and reserving 10% of the Company's outstanding common shares (\"Common Shares\") from time to time for issuance pursuant to the exercise of stock options granted under the Omnibus Plan and (ii) an amendment to the Omnibus Plan to increase the number of Common Shares that may be issued under the \"fixed 10% plan\" with respect to awards of restricted share units and performance share units by 2,500,000 Common Shares, and the setting-aside, allotting and reserving an aggregate of an additional 2,500,000 Common Shares from time to time for issuance pursuant to such awards.In order to comply with the TSX Venture Exchange's (the \"TSX-V\") policy 4.4 that governs security-based compensation (\"Policy 4.4\"), the following amendments were also made to the Omnibus Plan and approved by shareholders of the Company at the Annual General and Special Meeting, which provide that: the iss...