SWP:CC - Swiss Water Reports Voting Results from Annual General and Special Meeting
(TheNewswire)
VANCOUVER, BC, May 9, 2022 /TheNewswire / Swiss WaterDecaffeinated Coffee Inc. ( TSX:SWP ) (“SwissWater” or “the Company”) is pleased toannounce the following voting results of the Company’s AnnualGeneral and Special Meeting of Shareholders, which was held on Monday,May 9, 2022.
Election of Directors
The Director nominees listed in the ManagementInformation Circular for its Annual General and Special Meeting ofShareholders, were elected as Directors of Swiss Water. Voting resultsfor individual Directors elected were as follows:
| Votes For |
| Votes Withheld |
| Nominee |
| Number |
| Percentage |
| Number |
| Percentage |
| Frank A. Dennis |
| 1,344,871 |
| 74.59% |
| 458,263 |
| 25.41% |
| Roland W. Veit |
| 1,340,371 |
| 74.34% |
| 462,763 |
| 25.66% |
| Anne G. Saunders |
| 1,323,156 |
| 73.38% |
| 479,978 |
| 26.62% |
| Robert B. Johnston |
| 1,709,740 |
| 94.82% |
| 93,394 |
| 5.18% |
| Donald J. Tringali |
| 1,576,583 |
| 87.44% |
| 226,551 |
| 12.56% |
| Nancy L. McKenzie |
| 1,729,031 |
| 95.89% |
| 74,103 |
| 4.11% |
| Alan C. Wallace |
| 1,721,444 |
| 95.47% |
| 81,690 |
| 4.53% |
Appointment of Auditors
PricewaterhouseCoopers LLP was appointed as auditorswith 99.87% votin g support.
Approval of Amendment to 2011 RSU Plan as amended in2019
The proposed amendment to the 2011 RSU Plan as amendedin 2019, as described in the Management Information Circular datedMarch 30, 2022 was approved by shareholders with 70.81% of votingsupport.
Approval of Creation of Class A and Class B ofPreferred Shares
The creation of Class A and Class B of Preferred Sharesas described in the Management Information Circular dated March 30,2022 was approved by shareholders with 83.41% of votingsupport.
Company Profile
Swiss Water Decaffeinated Coffee Inc. is a leadingspecialty coffee company and a premium green coffee decaffeinator thatemploys the proprietary Swiss Water® Process to decaffeinate greencoffee without the use of solvents such as methylene chloride. It alsoowns Seaforth Supply Chain Solutions Inc., a green coffee handling andstorage business. Both businesses are located in the cities of Burnabyand Delta, British Columbia, Canada.
Additional Information
A more detailed discussion of Swiss Water DecaffeinatedCoffee Inc.’s recent financial results is provided in theCompany’s Management Discussion and Analysis filed on SEDAR www.sedar.com
and on Company’s website https://investor.swisswater.com/financial-information/ .
For more information, please contact:
Iain Carswell, Chief Financial Officer
Swiss Water Decaffeinated Coffee Inc.
Phone: 604.420.4050
Email: investor-relations@swisswater.com
Website: investor.swisswater.com
Forward-Looking Statements:
Certain statements in this pressrelease may constitute “forward-looking” statements that involveknown and unknown risks, uncertainties and other factors which maycause the actual results, levels of activity, performance orachievements to be materially different from any future results,levels of activity, performance or achievements expressed or impliedby such forward-looking statements. When used in this press release,such statements may include such words as “may”, “will”,“expect”, “believe”, “plan” and other similar terminology.These statements reflect management’s current expectations regardingfuture events and operating performance, as well as management’scurrent estimates, but which are based on numerous assumptions and mayprove to be incorrect. These statements are neither promises norguarantees, but involve known and unknown risks and uncertainties,including, but not limited to, risks related to processing volumes andsales growth, operating results, the supply of utilities, the supplyof coffee, general industry conditions, commodity price risks,technology, competition, foreign exchange rates, construction timing,costs and financing of capital projects, a potential impact of theCOVID-19 pandemic, and general economic conditions. Theforward-looking statements and financial outlook information containedherein are made as of the date of this press release and are expresslyqualified in their entirety by this cautionary statement. Except tothe extent required by applicable securities law, Swiss Waterundertakes no obligation to publicly update or revise any suchstatements to reflect any change in management’s expectations or inevents, conditions, or circumstances on which any such statements maybe based, or that may affect the likelihood that actual results willdiffer from those described herein.
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