Else Announces Results from Annual General Meeting of Shareholders and New Director

VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the “Company”) announces that at its annual general meeting of shareholders held on June 29, 2023 all resolutions put to its shareholders were passed. A total of 30,534,355 or 26.94% of the Company’s issued and outstanding shares were represented at the meeting.

At the meeting, shareholders approved setting the number of directors at seven and re-electing all of management’s director nominees, as listed in the management information circular dated May 8, 2023, to the board of directors to serve until the next annual general meeting. The election of directors was approved by a majority vote of shareholders as follows:

Motions	Votes for			Votes withheld
	Number	Percent		Number	Percent
Hamutal Yitzhak	30,458,382	99.75%		75,973	0.25%
Uriel Kesler	30,457,682	99.75%		76,673	0.25%
Sokhie Puar	30,452,922	99.73%		81,433	0.27%
Satwinder Mann	30,511,829	99.93%		22,526	0.07%
Eli Ronen	30,512,029	99.93%		22,326	0.07%
Akash Bedi	30,507,369	99.91%		26,986	0.09%
Yaki Lutski	30,511,329	99.92%		23,026	0.08%

At the meeting, shareholders also approved: (i) the re-appointment of Kost Forer Gabbay & Kasierer, a member firm of Ernst & Young Global Limited, as the Company’s auditor; (ii) the amendment of certain issued and outstanding common share purchase warrants; (iii) the issuance of common shares to Lind Global Fund II LP; and (iv) an amendment to the Company’s stock option plan to increase the number of common shares reserved for issuance to 15% of the issued and outstanding common shares of the Company from time to time at the date of the grant of options. For further details please see the report of voting results available on the Company’s SEDAR profile.