MAV Beauty Brands Reports on Voting Results from the 2021 Annual General and Special Meeting of Shareholders

VAUGHAN, ON, June 23, 2021 /CNW/ - The annual general and special meeting of shareholders (the "Meeting") of MAV Beauty Brands Inc. ("MAV Beauty Brands" or the "Company") (TSX: MAV) was held today via live video webcast online at: https://virtual-meetings.tsxtrust.com/1149. Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated May 10, 2021 (the "Circular"), which can be found on the Company's investor relations website at https://investors.mavbeautybrands.com and under the Company's profile on SEDAR at www.sedar.com.

The total number of votes cast by shareholders by proxy or online at the Meeting was 37,124,794 votes, representing 92.95% of the Company's outstanding shares. Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors and the appointment of the auditor. The voting results are detailed below.

1.  Election of Directors

Name of Nominee		Votes FOR		%		Votes WITHHELD		%
Marc Anthony Venere		36,317,471		97.96		756,922		2.04
Chris Elshaw		36,013,011		97.14		1,061,382		2.86
Jeffrey Barber		35,305,618		95.23		1,768,775		4.77
Thomas Ennis		36,013,011		97.14		1,061,382		2.86
Jessica Gilligan		36,153,866		97.52		920,527		2.48
Stephen Smith		36,860,959		99.42		213,434		0.58

2.  Appointment of Auditor:

Name of Auditor		Votes FOR		%		Votes WITHHELD		%
Ernst & Young LLP		37,043,175		99.86		50,534		0.14

3.  Long-Term Incentive Plan Renewal:

Votes FOR		%		Votes AGAINST		%
35,392,392		95.46		1,682,001		4.54

The Company has filed a report of voting results on all resolutions voted upon at the Meeting under its profile on SEDAR at www.sedar.com.

About MAV Beauty Brands

MAV Beauty Brands is a global personal care platform focused on acquiring great independent brands and helping these brands to scale and win market share. We have built an operating platform to build brands through expanded distribution, innovation, and marketing. Today, we have a diversified portfolio of four complementary personal care brands – Marc Anthony, Renpure, Cake Beauty and The Mane Choice – offering premium quality hair care, body care and beauty products. These products are sold in over 25 countries around the world and in more than 100 of the world's largest retailers.

SOURCE MAV Beauty Brands

Craig Armitage, Investor Relations, [email protected], [phone]

Related Links

http://www.mavbeautybrands.com/