NORTH
PLAINS, Ore., May 16, 2023
/PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (the "Company")
(NASDAQ: JCTCF) announces that its Board of Directors has adopted
an Advance Notice Policy for the Company (the "Advance Notice
Policy").
The Company believes in strong corporate governance for the
benefit and protection of its shareholders. The purpose of the
Advance Notice Policy is to provide shareholders, directors and
management with a precise framework for advance notice of
nominations of directors by its shareholders. Among other things,
the Advance Notice Policy fixes a deadline by which shareholders
must submit nominations to the Company before any annual or special
meeting of the shareholders, and sets forth the minimum information
that a shareholder must include in such notice.
In the case of an annual general meeting of its shareholders,
notice to the Company must be made not less than 30 days and no
more than 65 days before the date of the meeting; provided,
however, in the event that the annual meeting is to be held on a
date that is less than 50 days after the date on which the first
public announcement of the meeting date was made, notice may be
made not later than the close of business on the 10th day following
such public announcement.
In the case of a special meeting of its shareholders (which is
not also an annual meeting), notice to the Company must be made not
later than the close of business on the 15th day following the day
on which the first public announcement of the meeting date was
made.
The Advance Notice Policy is effective immediately, and the
Company's common shareholders will be asked to approve the Advance
Notice Policy at the next meeting of shareholders, as required by
corporate law. The full text of the Advance Notice Policy can be
viewed under the Company's online SEDAR profile at
www.sedar.com.
On Behalf of the Board of Directors
"Chad Summers", Chief
Executive Officer
Jewett-Cameron Trading Company
Ltd.
chad@jewettcameron.com
Jewett-Cameron Trading Company is a holding company that,
through its subsidiaries, operates out of facilities located in
North Plains, Oregon.
Jewett-Cameron Company's business consists of the manufacturing and
distribution of patented and patent pending specialty metal
products, wholesale distribution of wood products, and seed
processing and sales. The Company's brands include Lucky Dog®, for
pet products; Adjust-A-Gate™, Fit-Right®, Perimeter Patrol®,
Infinity Euro Fence, and Lifetime Post™ for gates and fencing; and
Early Start, Spring Gardner™, Greenline®, and Weatherguard for
greenhouses. Additional information about the Company and its
products can be found the Company's website at
www.jewettcameron.com
This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not
under the corporations control which may cause actual results,
performance or achievements of the corporation's to be materially
different from the results, performance or expectation implied by
these forward looking statements. Certain statements set out in
this News Release constitute forward-looking statements.
Forward-looking statements (i) are often, but not always,
identified by the use of words such as "expect", "may", "could",
"anticipate", or "will", and similar expressions; (ii) are subject
to a variety of known and unknown risks and uncertainties and other
factors that could cause actual events or outcomes to differ
materially from those anticipated or implied by such
forward-looking statements.
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SOURCE Jewett-Cameron Trading Company Ltd.