NowVertical Announces 2025 Shareholder Meeting Results and Equity Grants

Core Points - NowVertical Group Inc. held its Annual General and Special Meeting of Shareholders on June 27, 2025, where all proposed business matters were approved [1][2] - Five director nominees were elected with high approval rates, ranging from 99.15% to 99.95% [2] - Shareholders approved the re-appointment of Ernst & Young LLP as auditors and authorized the board to fix their remuneration [2] - A 10% rolling omnibus equity incentive plan was approved, along with the issuance of 477,459 Class A subordinate voting shares to Andre Garber for wage settlement [2][3] Voting Results - Sandeep Mendiratta received 31,240,059 votes for (99.90%) and 30,000 votes withheld (0.10%) [2] - David Charron received 31,255,059 votes for (99.95%) and 15,000 votes withheld (0.05%) [2] - David Doritty received 31,203,059 votes for (99.79%) and 67,000 votes withheld (0.21%) [2] - Elaine Kunda received 31,003,601 votes for (99.15%) and 266,458 votes withheld (0.85%) [2] - Chris Ford received 31,255,059 votes for (99.95%) and 15,000 votes withheld (0.05%) [2] Debt Settlement Transaction - The issuance of shares to Andre Garber is classified as a "related party transaction" under Multilateral Instrument 61-101 [3] - The transaction will utilize exemptions from formal valuation requirements as the shares do not exceed 25% of the company's market capitalization [3] Equity Grants - The company granted 109,400 incentive stock options and 269,531 restricted share units to non-executive board members, and 1,177,422 performance share units to management [5][9] - Each option allows the holder to acquire one Class A subordinate voting share at an exercise price of CAD$0.64 for five years, vesting after one year [6] - RSUs and PSUs will also vest after one year, with each vested unit entitling the holder to one share or equivalent cash [7][8] Company Overview - NowVertical is a global data and analytics company focused on transforming data into business value using AI [10] - The company offers a comprehensive suite of solutions to help clients optimize decision-making and improve operational efficiency [10] - NowVertical is pursuing growth through both organic means and strategic acquisitions [10]