Foraco Announces Election of Directors
Newsfile
April 22, 2025 4:43PM GMT
Toronto, Ontario and Lunel, France--(Newsfile Corp. - April 22, 2025) - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), in accordance with Toronto Stock Exchange requirements, announces the voting results at the ordinary and extraordinary general meeting of shareholders of the Company held on April 17, 2025 in Lunel, France (the "Meeting").
In accordance with French law, shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of "withhold" votes and retain their position as directors of the Company. The director nominees, as listed in the Company's management proxy circular dated March 14, 2025 for the Meeting, were elected as directors of the Company at the Meeting. The votes submitted for each director were as follows:
Daniel Simoncini
Shareholders | PRESENT | POWERS | PROXIES | Total Votes | % of Votes | RESULT |
FOR | 467,209 | 42,698,988 | 16,392,879 | 59,559,076 | 97.48% | Adopted |
AGAINST | 1,533,808 | 1,533,808 | 2.51% | |||
ABSTAIN | 5,000 | 5,000 | 0.01% |
Barreme Conseil SAS (represented by Jean-Pierre Charmensat)
Shareholders | PRESENT | POWERS | PROXIES | Total Votes | % of Votes | RESULT |
FOR | 467,209 | 42,698,988 | 13,995,313 | 57,161,510 | 93.56% | Adopted |
AGAINST | 3,931,374 | 3,931,374 | 6.43% | |||
ABSTAIN | 5,000 | 5,000 | 0.01% |
Bruno Chabas
Shareholders | PRESENT | POWERS | PROXIES | Total Votes | % of Votes | RESULT |
FOR | 467,209 | 42,698,988 | 16,211,789 | 59,377,986 | 97.19% | Adopted |
AGAINST | 1,714,898 | 1,714,898 | 2.81% | |||
ABSTAIN | 5,000 | 5,000 | 0.01% |
Warren Holmes
Shareholders | PRESENT | POWERS | PROXIES | Total Votes | % of Votes | RESULT |
FOR | 467,209 | 42,698,988 | 16,211,789 | 59,377,986 | 97.19% | Adopted |
AGAINST | 1,714,898 | 1,714,898 | 2.81% | |||
ABSTAIN | 5,000 | 5,000 | 0.01% |
Jorge Hurtado
Shareholders | PRESENT | POWERS | PROXIES | Total Votes | % of Votes | RESULT |
FOR | 467,209 | 42,698,988 | 16,211,789 | 59,377,986 | 97.19% | Adopted |
AGAINST | 1,714,898 | 1,714,898 | 2.81% | |||
ABSTAIN | 5,000 | 5,000 | 0.01% |
In addition, the Meeting voted 99.96 % in favor of the Company declaring a nil dividend for the 2024 fiscal year.
The Company's statutory filings, including its complete report of voting results from the Meeting, are available at www.sedarplus.ca.
About Foraco
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 17 countries across five continents. For more information about Foraco, visit www.foraco.com.
For further information, please contact:
Fabien Sevestre
Email: ir@foraco.com
Tel: 1 705 495 6363
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249375