NXT ENERGY SOLUTIONS INC. REPORT OF VOTING RESULTS
In accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations, this report briefly describes the matters voted upon and the outcome of the votes at the annual meeting of shareholders of NXT Energy Solutions Inc. (the Company) held on August 2, 2023 (the Meeting). A detailed description of the business of the Meeting is contained in the Information Circular dated June 30, 2023 (the Information Circular) available on the Canadian Securities Administrator's System for Electronic Document Analysis and Retrieval at www.sedarplus.com.
An aggregate of 52,762,464 common shares in the capital of the Company (being 67.92% of the common shares eligible to be voted at the Meeting) were represented at the Meeting.
The vote on each matter was conducted by ballot. The manner in which the ballots were cast in respect of each matter is set out below.
Description of Matter | Outcome | For | Against / Withheld | |
1. | The election of the following as directors of the Company to hold such office until the next annual meeting of shareholders or until their successors are duly elected or appointed: | |||
➢ | Charles Selby | Carried | 99.98% | 0.02% |
➢ | John Tilson | Carried | 99.98% | 0.02% |
➢ | Thomas E. Valentine | Carried | 98.70% | 1.30% |
➢ | Bruce G. Wilcox | Carried | 99.98% | 0.02% |
➢ | Gerry Sheehan | Carried | 99.98% | 0.02% |
➢ | Theodore Patsellis | Carried | 99.86% | 0.14% |
2. | Ordinary resolution to appoint MNP LLP, Chartered Professional Accountants, as the auditors of the Company for the ensuing year at a remuneration to be determined by the board of directors of the Company. | Carried | 100.00% | 0.00% |
3. | Ordinary resolution to approve the Employee Share Purchase Plan Resolution, the full text of which is reproduced as Schedule "A" to the Management Information Circular. | Carried | 98.70% | 1.30% |
4. | Ordinary resolution to approve the Unallocated Entitlements Resolution, the full text of which is reproduced as Schedule "B" to the Management Information Circular. | Carried | 98.69% | 1.31% |
5. | Resolution to approve the Preferred Share Resolution, the full text of which is reproduced in the Management Information Circular. | Carried | 98.69% | 1.31% |
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NXT Energy Solutions Inc. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 18:16:51 UTC.
