Ticker: TSX – TOS
Shares Outstanding: 82 602 989
QUÉBEC CITY, May 7, 2015 /CNW Telbec/ - TSO3 Inc. (TSX: TOS) ("TSO3" or the "Corporation") an innovator in sterilization technology for medical devices in healthcare settings, today announced that the nominees listed in the management proxy circular dated March 17, 2015, were elected as directors of TSO3 Inc. In addition, all other proposals submitted by management were approved.
Election of Directors
The shareholders were asked to provide their decision via a vote by proxy as part of TSO3 Annual General Meeting of Shareholders, held on May 6, 2015 in Montréal. The detailed results of the vote are set out below.
Name |
Votes for |
% for |
Votes |
% |
Withheld/ |
% withheld |
Germain Carrière |
37,214,111 |
99.19 |
0.00 |
0.00 |
302,267 |
0.81 |
Pierre Désy |
37,295,656 |
99.41 |
0.00 |
0.00 |
220,722 |
0.59 |
Jean Lamarre |
37,332,011 |
99.51 |
0.00 |
0.00 |
184,367 |
0.49 |
W. Barry McDonald |
16,002,835 |
42.66 |
0.00 |
0.00 |
21,513,543 |
57.34 |
Claude Michaud |
37,347,111 |
99.55 |
0.00 |
0.00 |
169,267 |
0.45 |
Jean-Pierre Robert |
37,267,611 |
99.50 |
0.00 |
0.00 |
188,766 |
0.50 |
Richard M. Rumble |
37,320,046 |
99.48 |
0.00 |
0.00 |
196,332 |
0.52 |
*One director having been elected with fewer votes than a majority of the votes cast, the Board is proceeding in accordance with the majority voting policy of the Company.
Other Proposals
Appointment of |
38,914,934 |
99.94 |
0.00 |
0.00 |
24,646 |
0.00 |
Shareholders Rights Plan |
36,701,328 |
97.63 |
815,050 |
2.17 |
0 |
2.17 |
Stock Option Plan |
31,133,893 |
82.99 |
6,382,485 |
17.01 |
0 |
17.01 |
Final voting results on all matters voted at the Annual Meeting of Shareholders held on May 6, 2015, will be filed on SEDAR (www.sedar.com) under the name TSO3.
About TSO3
Founded in 1998, TSO3's activities encompass the sale, production, maintenance, research, development and licensing of sterilization processes, related consumable supplies and accessories for heat-sensitive medical devices. The Company designs products for sterile processing areas in the hospital environment that offer an advantageous replacement solution to other low temperature sterilization processes currently used in hospitals. It also offers services related to the maintenance of sterilization equipment and compatibility testing of medical devices with such processes.
For more information about TSO3, visit the Company's Web site at www.tso3.com.
The statements in this release and oral statements made by representatives of TSO3 relating to matters that are not historical facts (including, without limitation, those regarding the timing or outcome of any financing undertaken by TSO3) are forward-looking statements that involve certain risks, uncertainties and hypotheses, including, but not limited to, general business and economic conditions, the condition of the financial markets, the ability of TSO3 to obtain financing on favourable terms and other risks and uncertainties.
The TSX has neither approved nor disapproved the information contained herein and accepts no responsibility for it.
SOURCE TSO3 Inc.
R.M. (Ric) Rumble, President and CEO, 418 651-0003, Email: [email protected]; Paule De Blois, General Manager, Administration, 418 651-0003, Email: [email protected]
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