Central 1 Announces Voting Results from 2022 Virtual Annual General and Special Meeting – QNT Press Release


VANCOUVER, British Columbia, May 05, 2022 (GLOBE NEWSWIRE) — Central 1 Credit Union (“Central 1″) announced the voting results from its 2022 virtual Annual General and Special Meeting (AGM) held on May 3, 2022. Class ” A” Members passed two of three special resolutions approving amendments to Central 1’s Constitution and Rules (“Rules”) on an electronic ballot. Also approved, by ordinary resolution on an electronic ballot, was the appointment of the auditors to hold office until the conclusion of the next annual general meeting of Central 1 at a remuneration to be set by Central 1’s Board of Directors. Voting on the resolutions closed on May 4, 2022.

In order to be approved, each of the special resolutions were required to receive the approval of: (i) not less than 50% plus one of the Class “A” members voting on the resolution (“one member, one vote”); and (ii) not less than 2/3 of the votes cast by Class “A” members voting on the resolution, on the basis of one vote per Class A share held. In addition, special resolution 22-AGM-S-1 was required to receive the approval of not less than 2/3 of the votes cast by holders of Class E shares, on the basis of one vote per Class E share held.

Below are the voting results on each special resolution:

Special Resolution

Outcome of the Vote

Votes cast by Class “A” Members on the basis of one vote per Class “A” share Votes cast by Class “A” Members based on one member, one vote Votes cast by Class “A” members holding Class E shares, on the basis of one vote per Class “E” share

Votes
For
Votes Against Votes
For

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