KDA Group Announces Results of Shareholders' Annual General and Special Meeting

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(TheNewswire)

KDA GROUP INC.
  

Thetford Mines, Quebec – May 17, 2024 – TheNewswire – KDA Group Inc. (TSXV: KDA) (“KDA” or the “Corporation”) announces the voting results of the annual general and special meeting of shareholders (the “Meeting”) held yesterday, in Longueuil.

The Corporation is reporting the voting results of its Meeting held yesterday on Thursday, May 16, 2024. The summary of the results as follows : the total percentage of shares voted at the Meeting was more than 51% and each of the nominee directors listed in the Corporation’s management information circular dated April 17, 2024 (the “Circular” – available under KDA’s profile on SEDAR+), being Isabelle Bégin, Patrick Fernet, Michael W. Kinley and Marc Lemieux, were elected as directors of the Corporation by the shareholders with more than 99.48% of the votes for each of them.

The resolution to appoint Mazars, LLP as auditor of the Corporation for the current financial year 2024, to hold office until the next meeting of shareholders, and authorize the board of directors of the Corporation (the “Board of Directors”) to set the compensation to be paid to the auditor was approved with 100% of the votes for the resolution.

The resolution to approve and ratify the new by-law of the Corporation, as specified in the Circular, was approved by the shareholders with more than 99.48% of the votes for the resolution.

Finally, the resolution to amend the stock option plan by authorizing the Corporation to increase the maximum aggregate number of Class A shares that may be issued pursuant to the exercise of options from 25,284,189 to 35,079,856, representing 20% of the Corporation’s outstanding shares, under the stock option plan and update the terms of the plan, as specified in the Circular, was approved by a majority of disinterested shareholders of more than 99.14% of the votes for the resolution.

Subsequent to the Meeting, the Board of Directors appointed the following chairman and officers of the Corporation: Marc Lemieux as chairman of the Board of Directors, president and chief executive officer, and Michael W. Kinley as chief financial officer.

Also, the Board of Directors appointed: Isabelle Bégin, Patrick Fernet and Marc Lemieux as members of the Corporation’s audit committee.

 

ABOUT KDA GROUP

KDA Group is a leader in technological innovations and specialized software solutions (SAAS – Software as a Service) for the healthcare professionals’ market. KDA is a corporation that offers quality products and has a respected expertise among the various stakeholders in the pharmaceutical and medical sectors.   The  technology  products  developed  by  KDA  aim,  among  other  things,  to  accelerate  the

healthcare’s digital transformation, and are available for the Canadian and international markets. Additional information about the Corporation is available at www.kdagroup.com and on SEDAR+ at www.sedarplus.ca.

 

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

 

This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

INFORMATION

Marc Lemieux, Chief Executive Officer

514 622-7370

[email protected]

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