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Abaxx announces results of 2022 Annual Meeting of Shareholders, Canadian Business Journal

TORONTO, September 22, 2022 (GLOBE NEWSWIRE) — Abax Technologies Inc.(NEO: ABXX) (OTCQX: ABXXF) (“Abax” or “Company”), financial software company, major shareholder Abaxx Singapore Pte.Abaxx Commodity Exchange (ACX), and SmarterMarkets™ Podcastis pleased to announce the results of its Annual General Meeting of Shareholders held in Toronto on September 22, 2022 (“meeting”). A total of 31,808,565 ordinary shares were present at the meeting, representing his 43.5% of the outstanding ordinary shares of the Company.

Six directors have been elected to our board of directors for the coming year. Below is a table of ballots submitted by individuals and by proxy.

Director Candidate yes vote % pending vote %
Joshua Crumb 25,806,732 99.96% 10,821 0.04%
Tom McMahon 25,689,893 99.51% 127,660 0.49%
Margot Noody 24,956,642 96.67% 860,911 3.33%
Catherine Flux 24,454,379 94.72% 1,363,174 5.28%
W. Scott Leckie 24,445,527 94.69% 1,372,026 5.31%
Cyrus Hiramanek 25,806,752 99.96% 10,801 0.04%

Shareholders also voted in favor of appointing KPMG LLP, Chartered Accountant, as the company’s auditor for the following year, giving the directors the power to determine their remuneration. Below is a table of ballots submitted by individuals and by proxy.

yes vote % pending vote %
31,364,763 99.66% 108,372 0.34%

For more information, please refer to the Management Information Circular dated August 10, 2022.

About Abax Technologies

Abaxx is a development-stage financial software company that creates its own technology infrastructure for both global commodity exchanges and digital marketplaces. The company’s formation technology enhances transaction speed and data security and facilitates improved risk management at his majority-owned Abaxx Singapore Pte. Ltd. (“ACX” or “Abaxx Exchange”) – Authorized Market Operator (“RMO”) and Ultimate Regulatory Authority of the Monetary Authority of Singapore (“MAS”) as an Approved Clearing House (“ACH”) Commodity Futures Exchange Seeking Approval”). Abaxx is a founding shareholder of Base Carbon Inc. and creator and producer of the SmarterMarkets™ podcast.

For more information, please visit: abaxx.tech, abaxx.exchange When SmarterMarkets.media

Media and Investor Inquiries:
Abax Technologies Inc.
IR team
Phone: +1 246 271 0082
Email: [email protected]

Forward-Looking Statements

This news release contains certain “forward-looking statements” that do not consist of historical facts. Forward-looking statements include estimates and statements that describe our future plans, objectives or goals. This includes language to the effect that Abaxx expects the stated condition or result to occur. Forward-looking statements “seek,” “believe,” “expect,” “expect,” “estimate,” “could,” “could,” “would,” may be identified by terms such as “will” or “plan”. ”. Forward-looking statements are based on assumptions and address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx provides no assurance that actual results will meet management’s expectations. Due to the risks, uncertainties and other factors associated with forward-looking information, actual events, results, performance, prospects and opportunities may not be expressed or implied by such forward-looking information. can vary greatly. Forward-looking information in this news release includes statements regarding Abaxx’s objectives, goals or future plans, statements, timing of operations, new product development, revenue projections and timing, and potential public listing. but not limited to: valuations and market forecasts of our securities on U.S.-based stock exchanges; Such factors include, among others: Risks associated with global economic conditions. dilution; our limited operating history; Uncertainty about future funding needs and additional funding. industry competitiveness. currency risk; the need for Abaxx to manage planned growth and expansion; The impact of product development and the need for continuous engineering change. protection of proprietary rights; the impact of government regulations and compliance on his Abaxx and industry; network security risk. Abaxx’s ability to maintain a properly functioning system. Dependence on key personnel. Deterioration in global economies and financial markets hinders access to capital or increases the cost of capital; volatility in securities markets impacts security prices unrelated to operating performance; In addition, certain factors that may affect the future results of Abaxx’s business include operating in foreign jurisdictions, protection of intellectual property rights, contractual risks and third party risks. but not limited to: Clearinghouse risk, malicious actor risk, third-party software license risk, system failure risk, technological change risk. Reliance on technology infrastructure, inability to anticipate and counteract the impact of COVID-19 on the company’s business. This includes, but is not limited to, the impact of COVID-19 on commodity prices, capital market conditions, labor and international restrictions. travel and supply chain. Abaxx also anticipates that no significant events will occur outside of Abaxx’s ordinary course of business.

Abaxx warns that the preceding list of important factors is not exhaustive. In addition, while Abaxx has attempted to identify important factors that could cause actual results to differ materially, there could be other factors that could cause results to not be as expected, estimated or intended. . Investors and other parties should carefully consider the aforementioned factors and other uncertainties and potential events when making decisions based on Abaxx’s forward-looking statements and information. Abaxx does not expect such forward-looking statements or information to differ materially from actual results or events as a result of the important factors referenced in the preceding paragraph. However, this list of factors is not exhaustive, is subject to change, and there is no guarantee that such assumptions will reflect the actual results of such items or factors. The forward-looking information contained in this press release represents his expectations of Abaxx as of the date of this press release and is therefore subject to change after that date. Readers should not place undue weight on forward-looking information or rely on this information as of any other date. Abaxx does not undertake to update this information at any particular time, except as required by applicable law. NEO Exchange is not responsible for the adequacy or accuracy of this press release.


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Abaxx announces results of 2022 Annual Meeting of Shareholders, Canadian Business Journal

Source link Abaxx announces results of 2022 Annual Meeting of Shareholders, Canadian Business Journal

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