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EverGen Infrastructure Corp. Announces Receipt of TSX Venture Exchange Final Approval of Real Property Sale and Update to Previously Announced Financing
GlobeNewswire News Room· 2025-05-15 00:37
Core Points - EverGen Infrastructure Corp. has received final approval from the TSX Venture Exchange for a purchase and sale agreement related to the disposition of a property in Abbotsford, B.C. for a total purchase price of CAD$2,620,000 [1][2] - The transaction includes a deferred payment of CAD$870,000 to be paid upon the completion of the sale of a separate property owned by the purchasers, expected by the end of May 2025 [2] - The vendor has leased a portion of the property back from the purchasers for up to 20 years, with an annual rent of CAD$186,000, reduced to CAD$124,236 while the deferred amount is outstanding [3] - The transaction is classified as a related party transaction due to the involvement of James Betts, the Chief Operating Officer of the company, and the company is relying on exemptions from certain requirements under Multilateral Instrument 61-101 [4] - EverGen is also updating on a share purchase and reorganization agreement with Ask America, LLC, anticipating gross proceeds of up to CAD$7,000,000, with all material conditions satisfied prior to closing [5] - EverGen is focused on renewable energy projects in Canada and aims for continued growth across North America and beyond [6]
DECISIONS OF THE ANNUAL GENERAL MEETING OF DOVRE GROUP PLC
Globenewswire· 2025-04-29 14:45
Core Points - Dovre Group Plc's Annual General Meeting on April 29, 2025, adopted the financial statements for 2024 and discharged the Board of Directors and CEO from liability for the financial year ending December 31, 2024 [1] - The meeting decided on the composition and remuneration of the Board of Directors, elected the auditor, and authorized the Board to repurchase shares and issue new shares [2][9][11] Financial Decisions - No dividend will be paid for the financial year 2024 as per the Board's proposal [3] - The remuneration report for 2024 was approved by the Annual General Meeting [4] Board Composition and Remuneration - The Board of Directors will consist of three members: Svein Stavelin, Ilari Koskelo (re-elected), and Aaron Michelin (new member) [5] - The chairman will receive EUR 35,000, the vice chairman EUR 30,000, and other members EUR 25,000 annually, with reasonable travel expenses compensated [6] Auditor and Sustainability Reporting - BDO Oy was elected as the Company's auditor, with Henrik Juth as the principal auditor [7] - BDO Oy was also elected as the sustainability reporting assurer, with Henrik Juth as the principal sustainability reporting assurer [8] Share Repurchase and Issuance Authorization - The Board was authorized to repurchase up to 10,100,000 shares, approximately 9.5% of total shares, valid until June 30, 2026 [9] - The Board was authorized to issue up to 10,100,000 new shares or special rights, also approximately 9.5% of existing shares, valid until June 30, 2026 [11][13] Post-Meeting Decisions - Following the meeting, Svein Stavelin was elected Chairman and Ilari Koskelo Vice Chairman of the Board [14]