exactEarth Announces Voting Results From 2020 Annual Meeting of Shareholders

CAMBRIDGE, ON, April 23, 2020 /CNW/ - exactEarth Ltd. (TSX: XCT) ("exactEarth" or the "Company"), a leading provider of Satellite-AIS data services for ship tracking and maritime situational awareness solutions, announced the results of the matters voted upon at the Company's 2020 annual meeting (the "Meeting") of the shareholders of the Company (the "Shareholders") held earlier today, which included the election of directors, as described below. 

According to proxies received and a vote by ballot, the voting results in respect of each of the following six director nominees all of whom previously served as directors of the Company, were as follows:

Nominee

Number of Shares

Percentage of Votes Cast
(approximate)


Votes For:

Votes Withheld:

Votes For:

Votes
Withheld:

Eric Zahler (Chairman)

7,440,803

201,534

97.36%

2.64%

Peter Mabson

7,264,690

377,647

95.06%

4.94%

Miguel Angel Panduro Panadero

7,355,517

286,820

96.25%

3.75%

Miguel Angel Garcia Primo

7,359,947

282,390

96.30%

3.70%

Harvey Rein

7,441,081

201,256

97.37%

2.63%

Lee Matheson

7,440,281

202,056

97.36%

2.64%

 

In addition to the election of each of the director nominees outlined in detail above, Ernst & Young LLP was re-appointed as auditor of the Company with 8,291,449 (99.96%) of the shares represented at the Meeting voting in favour of the resolution.

The total number of common shares of the Company ("Common Shares") represented by Shareholders present or represented by proxy at the Meeting was an aggregate of 8,294,850, representing 38.14% of the Company's issued and outstanding Common Shares.

Final voting results of all other matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.

About exactEarth Ltd.
Since its formation in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite AIS and has delivered to its clients a view of maritime behaviours across all regions of the world's oceans unrestricted by terrestrial limitations. exactEarth's second-generation constellation, exactView RT, securely relays satellite-detected AIS vessel signals from any location on the earth's surface to the ground in seconds – thus enabling global real-time vessel tracking. This unique capability consists of 58 advanced satellite payloads designed and built by L3Harris Technologies, Inc. under agreement with exactEarth and that are hosted onboard the Iridium NEXT constellation of satellites. www.exactearth.com   

SOURCE exactEarth Ltd.

For further information: Contact information: exactEarth Investors, Dave Mason, Office +1 416-247-9652, investors@exactearth.com
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