Business
Touchstone Announces Results of 2024 Shareholders' Meeting
CALGARY, AB / ACCESSWIRE / June 19, 2024 / Touchstone Exploration Inc. ("Touchstone" or the "Com...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"Touchstone Announces Results of 2024 Shareholders' MeetingCALGARY, AB / ACCESSWIRE / June 19, 2024 / Touchstone Exploration Inc. (\"Touchstone\" or the \"Company\") (TSX:TXP),)(LSE:TXP) announces that all matters presented for approval at the 2024 annual meeting of shareholders (the \"Meeting\") held virtually today were fully authorized and approved.A total of 66,700,107 common shares of the Company were voted in connection with the Meeting, representing 28.48% of the common shares eligible to vote at the Meeting.During the business proceedings of the Meeting, Touchstone's shareholders approved the following:Ordinary resolution to fix the number of directors of the Company to be elected at the Meeting at nine, with 64.36% of the common shares represented at the Meeting voting in favour of the resolution.All of the nominees proposed as directors were duly elected as directors of Touchstone, with the number and percentage of common shares represented at the Meeting voting in favour of and withheld from voting for each of the individual nominees as follows:Director NomineeVotes ForVotes WithheldNumberPercent (%)NumberPercent (%)Jenny Alfandary38,975,60965.1020,893,31234.90Paul R. Baay48,977,65781.8110,891,26418.19Dr. Priya Marajh41,903,33969.9917,965,58230.01Kenneth R. McKinnon38,165,89963.7521,703,02236.25Peter Nicol41,308,64969.0018,560,27231.00Beverley Smith41,752,67269.7418,116,24930.26Stanley T. Smith40,477,37567.6119,391,54632.39Dr. Harrie Vredenburg38,141,61463.7121,727,30736.29John D. Wright35,372,20559.0824,496,71640.92Ordinary resolution to appoint the firm of KPMG LLP, Chartered Professional Accountants of Calgary, Alberta, to serve as auditors of Touchstone for the ensuing year at such remuneration as may be determined by the Company's board of directors (the \"Board\"), with 96.79% of the common shares represented at the Meeting voting in favour of the resolution.Ordinary resolution approving and reconfirming the continuation of the Company's existing shareholder rights plan agreement, with 90.21% of the common shares represented at the Meeting voting in favour of the resolution.Touchstone notes that the resolutions relating to the election of the director nominees were passed but that resolutions relating to non-executive director nominees did not attain the support of more than 80% of the common shares voted at the ...