Business
MiMedia Provides Corporate Updates: Shareholder Meeting Results and First Interest Payment on Convertible Debentures
MiMedia Provides Corporate Updates: Shareholder Meeting Results and First Interest Payment on Con...
About this update from Mimedia Holdings Inc
[{"type":"text","content":"\n \n \n \n MiMedia Provides Corporate Updates: Shareholder Meeting Results and First Interest Payment on Convertible Debentures\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n NEW YORK\n \n \n ,\n \n \n June 19, 2023\n \n \n /CNW/ - MiMedia Holdings Inc. (TSXV: MIM) (\"\n \n MiMedia\n \n \" or the \"\n \n Company\n \n \"), provided an update on its annual general and special meeting of shareholders held on\n \n June 15, 2023\n \n (the \"\n \n Meeting\n \n \"), at which shareholders of the Company approved the following matters:\n \n \n \n \n \n \n \n \n \n \n the re-election of the following individuals as directors of the Company:\n \n Christopher Giordano\n \n ,\n \n John MacPhail\n \n ,\n \n David Smalley\n \n ,\n \n Cole Brodman\n \n and\n \n Seth Solomons\n \n ;\n \n \n \n \n the appointment of McGovern Hurley LLP as auditors of the Company; and\n \n \n \n \n the approval of a new omnibus equity incentive plan of the Company (the \"\n \n Omnibus Equity Incentive Plan\n \n \"), to supersede and replace the Company's existing stock option plan.\n \n \n \n The Omnibus Equity Incentive Plan is a \"rolling up to 10% and fixed up to 10%\" plan, as (i) the total number of subordinate voting shares of the Company (the \"\n \n Subordinate Voting Shares\n \n \") reserved for issuance upon the exercise of all options granted under the Omnibus Equity Incentive Plan must not exceed 10% of the total issued and outstanding Subordinate Voting Shares (on an as-converted basis as it relates to the multiple voting shares of the Company (the \"\n \n Multiple Voting Shares\n \n \")) at the date of grant; and (ii) the total number of Subordinate Voting Shares that may be reserved for issuance pursuant to deferred share units, restricted share units, performance share units and other share-based compensation awards shall not exceed 7,119,111 Subordinate Voting Shares, representing 10% of the total issued and outstanding Subordinate Voting Shares (on an as-converted basis as it relates to the Multiple Voting Shares) as at the date of approva...