Technology
Thursday, August 15th, 2024 2:29 pm EDT
Key Points
- Director Elections and Resolutions Approval: All five nominated directors were elected, with high approval rates, and all resolutions presented at the Annual General Meeting were passed, including the appointment of auditors, adoption of the Omnibus Incentive Plan, and approval of stock options and restricted share units.
- Shareholder Representation: A total of 10,247,849 common shares, representing 23.85% of the company’s outstanding shares, were represented at the meeting.
- Company Focus: Plurilock continues to provide cybersecurity solutions to U.S. and Canadian governments and Global 2000 companies, aiming to protect against data breaches and cyberattacks.
Vancouver, British Columbia–(Newsfile Corp. – August 15, 2024) – Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (“Plurilock” or the “Company”), a global cybersecurity services and solutions provider, is pleased to announce the results of its Annual General Meeting (the “Meeting”) of shareholders held on August 14, 2024. All resolutions presented to the shareholders were approved.
Each of the five nominees listed below, described further in Plurilock’s management information circular dated July 2, 2024 (“Circular”), were elected as Directors. The detailed results of the voting by proxy for each nominee are as follows:
| Nominee | Votes For (#) | Votes For (%) |
| Ian L. Paterson | 10,188,313 | 99.42% |
| William Edward Hammersla III | 10,236,350 | 99.89% |
| Jennifer Swindell | 10,237,313 | 99.90% |
| Blake Corbet | 10,236,350 | 99.89% |
| Ali Hakimzadeh | 10,209,167 | 99.62% |
At the Meeting, Plurilock’s shareholders also voted in favor of the following, all as described in the Circular:
- appointment of MNP LLP, Chartered Professional Accountants, as Plurilock’s auditor;
- ratification and adoption of the Company’s new Omnibus Incentive Plan (the “Omnibus Plan”) by ordinary resolution of disinterested shareholders;
- ratification and approval of certain Incentive Stock Options (the “Options”), being the Options exercisable into an aggregate of up to 3,490,900 Options issued June 18, 2024 and approval of insider participation limits pursuant to the Omnibus Plan, by ordinary resolution of disinterested shareholders; and
- ratification and approval of certain Restricted Share Units (the “RSUs”), being 3,800,000 RSUs issued June 18, 2024 and insider participation limits pursuant to the Omnibus Plan, by ordinary resolution of disinterested shareholders.
A total of 10,247,849 common shares were represented at the Meeting, representing 23.85% of the Company’s issued and outstanding common shares.
About Plurilock
Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720
Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) related to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.
