Payfare Announces Re-election of Directors

TORONTO, June 15, 2023 /CNW/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY) announces that the nominees listed in the management information circular for the Company's 2023 Annual and Special Meeting of Shareholders (the "Meeting") were each re-elected as directors of Payfare.

Detailed results of the ballot voting for the election of directors held today on June 15, 2023, as well as the other matters voted on at the virtual Meeting are as follows:

Brief Description of Matter Voted Upon
1)  In respect of the election of directors to hold office until the close of the next annual meeting of Shareholders or until their successors are elected or appointed:	Outcome of Vote	For	Withheld
Marco Margiotta	Approved	18,082,003 (99.22%)	142,103 (0.78%)
Keith McKenzie	Approved	17,991,405 (98.72%)	232,701 (1.28%)
Paul Haber	Approved	15,931,902 (87.42%)	2,292,204 (12.58%)
Kelly Graziadei	Approved	17,388,786 (95.42%)	835,320 (4.58%)
Dmitry Shevelenko	Approved	18,218,652 (99.97%)	5,454 (0.03%)
Matthew Swann	Approved	17,568,658 (96.40%)	655,448 (3.60%)
Hugo Chan	Approved	16,959,136 (93.06%)	1,264,970 (6.94%)
2)  In respect of the re-appointment of KPMG LLP, Chartered Accountants as auditors of the Company to hold office until the next annual meeting of Shareholders and authorizing the directors to fix their remuneration.	Approved	17,925,765 (94.42%)	1,059,040 (5.58%)
	Outcome of Vote	For	Against
3)  In respect of the resolution to amend the Company's incentive compensation plan, ratify prior RSUs and common shares to non-employee directors and approval of unallocated options and restricted shared units under such plan.	Approved	16,066,586 (88.16%)	2,157,520 (11.84%)

A report of voting results for each resolution presented at the Meeting prepared in accordance with National Instrument 51-102 – Continuous Disclosure Obligations has been filed on www.sedar.com.

About Payfare

Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce.

SOURCE Payfare

For further information please visit www.payfare.com or contact: Cihan Tuncay, Head of Investor Relations and Corporate Development, 1 [phone], [email protected]