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Xebec Announces Voting Results from Annual Meeting of Shareholders

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MONTRÉAL, May 13, 2022 /CNW Telbec/ - - Xebec Adsorption Inc. (TSX: XBC) ("Xebec" or the "Corporation"), a global provider of clean energy solutions, in accordance with Toronto Stock Exchange requirements, announced the voting results from its Annual Meeting of Shareholders which was held on virtually on Thursday May 12, 2022.

All seven (7) nominees listed in the management information circular dated March 31, 2022 (the "Circular"), were elected as directors of Xebec at its Annual Meeting of Shareholders. Each of the directors was elected by a majority of the votes cast by shareholders present or represented by proxies at the Annual Meeting of Shareholders.

Name of Nominee

For

Withhold

Votes

Percentage

Votes

Percentage

William Beckett

46,411,933

74.19%

16,144,974

25.81%

Peter Bowie

45,546,639

72.81%

17,010,268

27.19%

Sara Elford

52,170,335

83.40%

10,386,572

16.60%

Brian Levitt

54,375,217

86.92%

8,181,690

13.08%

Guy Saint-Jacques

47,532,315

75.98%

15,024,592

24.02%

Francis Séguin

54,126,955

86.52%

8,429,952

13.48%

Dimitrios (Jim) Vounassis

54,776,249

87.56%

7,780,658

12.44%

Raymond Chabot Grant Thornton LLP was reappointed as the Corporation's independent auditor for the ensuing year at the meeting and the directors of the Corporation were authorized to fix the auditor's remuneration.

For

Withhold

Votes

Percentage

Votes

Percentage

49,528,897

76.92%

14,860,014

23.08%

On the non-binding advisory vote on executive compensation, a majority of the votes cast by shareholders present or represented by proxies at the meeting were in favor of the Corporation's approach to executive compensation as described in the Circular, as follows:

For

Against

Votes

Percentage

Votes

Percentage

46,496,782

74.33%

16,060,125

25.67%

The formal report on voting results with respect to all matters voted upon during the Annual Meeting of Shareholders will be filed with the regulatory authorities shortly.

Related links:

https://xebecinc.com/

About Xebec Adsorption Inc.

Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, carbon capture, oxygen and nitrogen which is supported by a service network under the brand "XBC Flow Services". By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with nine manufacturing facilities, seventeen Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.

SOURCE Xebec Adsorption Inc.

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View original content: http://www.newswire.ca/en/releases/archive/May2022/13/c6617.html

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