TORONTO, June 8, 2022 /CNW/ – Pluribus Technologies Corp. (TSXV: PLRB) (“Pluribus“or the”Company“), a growing acquirer of small, profitable technology companies, is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting“) held the June 8, 2022.

A total of 8,454,740 shares were voted on at the Meeting in person or by proxy, representing 53.56% of the votes attached to all issued and outstanding common shares of the Company. All matters subject to shareholder approval, as set forth in the Company’s notice of meeting and management information circular dated May 9, 2022 were approved by an overwhelming majority of the votes cast at the Assembly.

At the meeting, management presented its nominees for election as directors to the shareholders. The following persons were elected as directors of the Company for the following year:

At the Meeting, Shareholders were asked to appoint the Board of Directors of the Company (the “Plank“) to seven (7) years and to authorize the Board to determine the number of directors of the Company within the minimum and maximum numbers indicated in the articles of association of the Company and the number of directors to be elected during the next annual meeting of the Company of Shareholders The special resolution relating to the size of the Board was approved:

At the meeting, shareholders were asked to approve the reappointment of EY Canada LLP as auditors of the Company for the next fiscal year. According to the votes cast, EY Canada LLP was reappointed as auditors of the Company with 100% of the votes in favour.

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At the Meeting, shareholders were asked to ratify the Company’s ten percent rolling stock option plan, as required by the TSX Venture Exchange (“TSXV“) on an annual basis. The Stock Option Plan Resolution was approved:

Finally, at the meeting, the shareholders passed a special resolution to ratify and confirm an amendment to the Company’s by-laws. The Company’s Articles of Association Resolution was approved:

Grant of stock options

Pluribus granted incentive stock options (“Choice“) to purchase a total of 119,702 common shares (the “Ordinary actions“) of the Company to an officer of the Company under the Company’s stock option plan (the “Grant of options“). Options can be exercised up to June 7, 2027 at a price of $4.72 per ordinary share, and vested in accordance with the following schedule: 1/3 the December 7, 20221/3 out June 7, 2023 and 1/3 on June 7, 2024.

The issuance of the options, as contemplated in this press release, is subject to the terms of the Company’s stock option plan and the approval of the TSX Venture Exchange.

About Pluribus Technologies Corp.

Pluribus is a technology company that is a value-based acquirer of profitable small business-to-business technology companies across a range of verticals and industries. Pluribus offers its acquisitions access to experienced sales and marketing resources, strategic partnership opportunities, a diverse portfolio of customers in different geographic markets, and enabling technologies to create new revenue streams and offer these companies the opportunity to grow in their respective markets. For more information, please visit: https://www.pluribustechnologies.com/.

Forward-looking information

Certain information contained in this press release constitutes forward-looking statements under applicable securities laws. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking information in this press release includes, but is not limited to, statements regarding the Company’s business plans, including the success and pace of future acquisitions, the Company’s management’s expectations regarding the growth, profitability and performance of its current and future acquisitions, the approval by the TSX Venture Exchange of the grant of options, the Company’s ability to continue to acquire business-to-business software companies at and the Company’s ability to grow its portfolio companies into significant organizations. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or negatives of these terms. and similar expressions.

Forward-looking statements are based on certain assumptions, including the Company’s ability to complete acquisitions on favorable terms; the Company’s ability to effectively manage a complex portfolio of businesses; the Company’s ability to evolve its management team to support a rapid pace of growth; the Company’s ability to raise sufficient financing to pursue the pace of its acquisition strategy; the Company’s ability to maintain its rapid rate of growth. Other assumptions include industry trends, availability of growth opportunities, and general business, economic, competitive, political, regulatory and social uncertainties will not prevent the Company from conducting its business. Although the Company considers these assumptions to be reasonable based on currently available information, they are inherently subject to significant business, economic and competitive uncertainties and contingencies and may prove to be incorrect. Forward-looking information relates only to these assumptions as of the date of this press release.

Forward-looking statements also necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, including the COVID-19 pandemic, adverse industry events, marketing costs , loss of markets; future legislative and regulatory developments; inability to access sufficient capital on favorable terms; the Company’s limited operating history; ability to make favorable acquisitions; the software industry Canada and internationally, tax and regulatory issues, the Company’s ability to execute its business strategies, including the ability to effectively manage a complex portfolio of businesses, competition, currency and interest rate fluctuations interest, and other risks.

Readers are cautioned that the foregoing is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ from those anticipated. Forward-looking statements are not guarantees of future performance. The purpose of forward-looking information is to provide the reader with a description of management’s expectations, and such forward-looking information may not be appropriate for other purposes. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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

Contact:
Craig Armitage
LodeRock Advisors
[email protected]
+1 (416) 347-8954

Richard Adair
Chief executive officer
Pluribus Technologies Corp.
1 (800) 851-9383

SOURCE Pluribus Technologies Corp.

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