Planet Based Foods Announces Adoption of Advance Notice Policy
VANCOUVER, BC, August 15, 2022 /CNW/ – Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) (FRA: AZ0) (“PBFG”, “Planet Based Foods” or the “Company”) is pleased to announce that the Board of Directors of the Company has adopted a notice policy (the “Notice Policy”), establishing a framework for the notice of appointment of directors by the shareholders of the Company.
The purpose of this notice policy is to provide the shareholders, directors and management of the Company with guidelines on the appointment of directors. The Advance Notice Policy is the framework by which the Company seeks to set a deadline by which registered holders of Subordinate Voting Shares and Multiple Voting Shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and together state the information that a shareholder must include in the notice to the Company in order for the notice to be in proper written form.
With respect to the annual and special meeting of shareholders of the Company to be held on September 29, 2022 (the “Meeting”), notice of any proposed appointment must be provided to the Company no later than August 30, 2022.
For all subsequent meetings of shareholders of the Company:
In the case of an annual meeting of shareholders, the notice of appointment of a director must be given to the Company at least 30 days and at most 65 days before the date of the annual meeting of shareholders; provided, however, that in the event that the annual meeting of shareholders is called for a date less than 50 days after the date (the “Notice Date”) on which the first public announcement of the date of the annual meeting has been made, the notice of the proposing shareholder may be made no later than the tenth (10th) day following the date of notice.
In the case of a special meeting of shareholders (which is not also an annual meeting) called for the purpose of electing directors (whether or not called for any other purpose), a notice of appointment of director must be given to the Company no later than the fifteenth (15th) day following the day on which the first public announcement of the date of the extraordinary meeting of shareholders was made.
The notice policy takes effect immediately. At the Meeting, the Company is seeking shareholder approval and ratification of the Advance Notice Policy. If the shareholders elect not to ratify the Notice Policy by ordinary resolution, the Notice Policy will terminate and be null and void after the close of the Meeting.
A copy of the Notice Policy is available under the Company’s profile at www.sedar.com and a copy and summary of the Notice Policy will be included in the management information circular that will be sent to shareholders in due time.
For further particulars of the Company and the listing transaction, please see the Company’s listing statement at www.thecse.com as well as the Company’s profile on www.sedar.com.
To view company information and to subscribe to automatic e-mail alerts for future news and public filings, visit the Planet Based Foods website at www.planetbasedfoods.com.
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About Planet Based Foods
PBFG, through its wholly owned subsidiary San Diego, California, Planet Based Foods, is a producer of sustainable, plant-based meat alternatives. Planet Based Foods was founded in 2018 in San Diego, California. With a mission to build a better food system by providing hemp-based superfoods to people today who support our planet tomorrow, all Planet Based Foods products are 100% vegan.
ON BEHALF OF COUNCIL
President, CEO and Director
Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “assume”, “believe”, “plan”, “estimate “, “expect”, “intend”, “may”, “should” and similar expressions insofar as they relate to the Company or its management. Forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. These statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by law. Readers should not place undue reliance on the Company’s forward-looking statements.
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this press release.
For more information, please visit: www.planetbasedfoods.com or contact: [email protected]
SOURCE Planet Based Foods
For further information: For investor and media inquiries, please contact: Adrienne Arieff, Managing Director, Beck Media & Marketing, [email protected]Such. : +1 310 270 2214