Roots Announces Results of Voting at Fiscal 2023 Annual Meeting of Shareholders

TORONTO, July 23, 2024 /CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX: ROOT), a premium-outdoor lifestyle brand, today announced the results of voting at its Fiscal 2023 Annual Meeting of Shareholders held today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual Meeting of Shareholders and Management Information Circular of Roots dated June 7, 2024.

The total number of shares represented at the Meeting was 32,237,816, representing approximately 80.1% of Roots outstanding shares entitled to be voted.

Election of Directors

All of the nominees listed in the Management Information Circular prepared in connection with the Meeting were elected as directors by a resolution passed by a majority of the shareholders represented in person or by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed. The following represents the votes received with regard to such matter:

Nominee	Votes For	% Votes For	Votes Against	% Votes Against
Phil Bacal	32,163,775	99.85 %	47,200	0.15 %
Mary Ann Curran	32,162,925	99.85 %	48,050	0.15 %
Gregory David	32,163,575	99.85 %	47,400	0.15 %
Dale H. Lastman, C.M., O. Ont.	32,163,775	99.85 %	47,200	0.15 %
Richard P. Mavrinac	32,163,775	99.85 %	47,200	0.15 %
Dexter Peart	32,163,575	99.85 %	47,400	0.15 %
Meghan Roach	32,162,925	99.85 %	48,050	0.15 %
Joel Teitelbaum	32,163,575	99.85 %	47,400	0.15 %
Erol Uzumeri	32,125,205	99.73 %	85,770	0.27 %

Appointment of Auditors

KPMG LLP was reappointed as auditor of Roots and the directors were authorized to fix the auditor's remuneration by a resolution passed by a majority of the shareholders represented in person or by proxy at the Meeting. The following represents the votes received with regard to such matter:

Votes For	% Votes For	Votes Withheld	% Votes Withheld
32,215,282	99.95 %	17,455	0.05 %

About Roots

Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States, and an eCommerce platform, roots.com. We have more than 100 partner-operated stores in Asia, and we also operate a dedicated Roots-branded storefront on Tmall.com in China. We design, market, and sell a broad selection of products in different departments, including women's, men's, children's, and gender-free apparel, leather goods, footwear, and accessories. Our products are built with uncompromising comfort, quality, and style that allows you to feel At Home With Nature^TM. We offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. We also wholesale through business-to-business channels and license the brand to a select group of licensees selling products to major retailers. Roots Corporation is a Canadian corporation doing business as "Roots" and "Roots Canada".

SOURCE Roots Corporation

FOR FURTHER INFORMATION PLEASE CONTACT: Roots Investor Relations, [email protected], 1-844-762-2343