CHESSWOOD ANNOUNCES VOTING RESULTS FROM ANNUAL SHAREHOLDERS MEETING

TORONTO, June 18, 2024 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW), a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, home improvement financing, legal financing, and asset management, today announced the voting results for its 2024 Annual Shareholders Meeting (the "2024 Shareholders Meeting") held on June 18, 2024. A total of 12,041,649 shares (approximately 59.75% of the 20,154,499 voting shares eligible to be voted at the 2024 Shareholders Meeting) were represented in person or by proxy.

Each of the nominees listed in the Management Information Circular dated May 16, 2024 were elected as Directors of the Company at the 2024 Shareholders Meeting. 

Detailed results of the votes cast in respect of the election of the Directors are set out below:

	Votes For	% For	Votes Withheld	% Withheld
Catherine Barbaro	12,032,278	99.936	7,733	0.064
Raghunath Davloor	12,032,130	99.935	7,881	0.065
Robert J. Day	12,033,081	99.942	6,930	0.058
Ryan Marr	12,032,130	99.935	7,881	0.065
Edward Sonshine	12,029,179	99.910	10,832	0.090
Frederick W. Steiner	12,031,778	99.932	8,233	0.068
Daniel Wittlin	11,852,806	98.445	187,205	1.555

Shareholders also re-appointed Ernst & Young LLP as auditors for the ensuing year, with 99.96% of the votes cast in favour.

ABOUT CHESSWOOD GROUP LIMITED

Chesswood Group Limited is a Toronto, Canada based holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America and vehicle finance and legal sector finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Our shares trade on the Toronto Stock Exchange (under the symbol CHW).

For information on Chesswood Group Limited and its operating subsidiaries:

www.ChesswoodGroup.com                                       
www.PawneeLeasing.com                                           www.TandemFinance.com
www.VaultPay.ca                                                          www.VaultCredit.com
www.Rifco.net                                                             www.WaypointInvestmentPartners.com
www.EasyLegal.ca

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

SOURCE Chesswood Group Limited

For further information: Investor Relations - 416-386-3099 / [email protected]; Media Inquiries - Ryan Marr, President & CEO - 416-386-3099 / [email protected]