Business
Plantify Foods Announces AGM Date and Proposed Share Consolidation
(TheNewswire) Vancouver, British Columbia – TheNewswire – August 9, 2024 - ...
About this update from Plantify Foods Inc
[{"type":"text","content":"Plantify Foods Announces AGM Date and Proposed Share Consolidation \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\nTheNewswire – August 9, 2024 -\n \n\n Plantify\nFoods, Inc.\n \n\n (TSXV:\nPTFY)\n \n\n (\"\n \n\n Plantify\n \n\n \" or the\n\"\n \n\n Company\n \n\n \"), a clean label food company dedicated to providing\nconsumers with nutritious and delicious food options, is pleased to\nmake the following announcements:\n \n\n\n\n Annual General Meeting of\nShareholders\n \n\n\n\n The annual general meeting of the shareholders of the\nCompany (the “\n \n\n Meeting\n \n\n ”) will take place at 10:00 am PDT on\nTuesday September 10, 2024 at the offices of Owen Bird Law\nCorporation, 733 Seymour Street, Suite 2900, Vancouver BC.\n \n\n\n\n The materials for the Meeting, including the management\ninformation circular, which sets out in detail the annual and special\nbusiness proposed for shareholder approval, have been distributed to\nPlantify  shareholders and can also be found at the Company’s\nprofile on SEDAR+:\n \n\n\n www.sedarplus.ca\n \n\n\n , or at the Company’s website:\n \n\n\n https://plantifyfoods.com/investors/\n \n\n\n .\n \n\n\n\n Share Consolidation\n \n\n\n\n At the Meeting, shareholders of the Company will be\nasked to approve a consolidation of the outstanding common shares of\nthe Company (the \"\n \n\n Consolidation\n \n\n \") on the basis of up to\n1,000 pre-consolidation common shares for each one post-consolidation\ncommon share, with the specific Consolidation ratio to be determined\nby the board of directors of the Company (the “\n \n\n Board\n \n\n ”).\n \n\n\n\n The Company has submitted an application to Nasdaq\nStock Market (“\n \n\n Nasdaq\n \n\n ”) for listing of the common shares of\nthe Company on Nasdaq. The Company intends to undertake the\nConsolidation in order to meet Nasdaq listing requirements as to the\nmarket price of securities to be listed.\n \n\n\n\n The Company’s name will not be changed in conjunction\nwith the Consolidation.\n \n\n\n\n If shareholders approve the Consolidation and the Board\ndetermines to proceed with the Consolidation at the maximum ratio, the\npresently issued and outstanding 378,736,746 common shares...