Firan Technology Group Corporation Announces Results of AGM

TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (“FTG” or the “Corporation”) today announced the results of its annual general meeting of shareholders (“AGM”), held in Toronto, Ontario on April 12, 2024. The Corporation reports that five of the director nominees listed in its management information circular dated February 22, 2024, were elected as directors of FTG.

The detailed results of the vote for the election of directors of FTG are set out below.

Nominee	Votes For	% Votes For		Votes Against	% Votes Against
Mike L. Andrade	16,838,393	99.01	%	168,026	0.99	%
Robert J. Beutel	16,698,042	98.19	%	308,377	1.81	%
Bradley C. Bourne	17,002,542	99.98	%	3,877	0.02	%
Edward C. Hanna	14,320,424	84.21	%	2,685,995	15.79	%
David F. Masotti	8,499,194	49.98	%	8,507,225	50.02	%
Amy F. Rice	17,003,542	99.98	%	2,877	0.02	%

As David F. Masotti did not receive a majority of the votes cast for his election, he was not elected as a director of the Corporation. However, as an incumbent director, in accordance with the Canada Business Corporations Act, Mr. Masotti is expected to continue in office until the earlier of (i) 90 days after today, and (ii) the day on which his successor is appointed.

“I would like to thank Dave for his commitment and dedication to FTG and for the insight he provided to the Board over his 20+ years as director of FTG,” said Bradley C. Bourne, President and CEO of FTG.

There were 37 shareholders represented in person or by proxy at the AGM holding 17,214,100 Common Shares representing 72.10% of the Corporation’s issued and outstanding Common Shares.

In addition, at the AGM, the shareholders re-appointed MNP LLP, Chartered Professional Accountants, as the Corporation’s auditor and authorized the directors to fix the auditor’s remuneration. For more information on these matters, please refer to FTG’s management information circular dated February 22, 2024, available on SEDAR+ at www.sedarplus.com.