Largo Announces Results of its Annual and Special Meeting of Shareholders
04 Juillet 2022 - 12:00PM
Business Wire
Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO)
announces voting results from its Annual and Special Meeting of
Shareholders (the “Meeting”) held on Thursday, June 30, 2022.
A total of 50,187,930 common shares of the Company were voted at
the Meeting, representing 77.4% of the Company’s issued and
outstanding common shares. Shareholders voted to approve all
matters brought before the Meeting including the election of all
director nominees and the appointment of KPMG LLP as auditors for
the ensuing year.
Detailed results of the votes on the election of directors are
as follows:
Name of Director Nominee
Shares Voted For
%
Shares Withheld
%
Alberto Arias
34,878,708
83.37
6,959,335
16.63
David Brace
40,541,092
96.90
1,296,951
3.10
Jonathan Lee
39,662,307
94.80
2,175,736
5.20
Paulo Misk
40,667,237
97.20
1,170,806
2.80
Daniel Tellechea
40,197,587
96.08
1,640,456
3.92
Koko Yamamoto
40,185,549
96.05
1,652,494
3.95
Alberto Arias, Chair of the Board of Directors commented: “On
behalf of the Board and management of Largo, I want to thank Ian
Robertson for his dedication and invaluable contribution to the
Company over the past year. As Co-Chair, his vision, strategic
leadership and guidance have been a great benefit to all of us,
particularly within our clean energy division.”
For further detailed voting results on the Annual and Special
Meeting of Shareholders, please refer to the Company’s Report of
Voting Results filed on SEDAR at www.sedar.com and on
www.sec.gov.
About Largo
Largo has a long and successful history as one of the world’s
preferred vanadium companies through the supply of its VPURETM and
VPURE+TM products, which are sourced from one of the world's
highest-grade vanadium deposits at the Company's Maracás Menchen
Mine in Brazil. Aiming to enhance value creation at Largo, the
Company is in the process of implementing a titanium dioxide
pigment plant using feedstock sourced from its existing operations
in addition to advancing its U.S.-based clean energy division with
its VCHARGE vanadium batteries. Largo’s VCHARGE vanadium batteries
contain a variety of innovations, enabling an efficient, safe and
ESG-aligned long duration solution that is fully recyclable at the
end of its 25+ year lifespan. Producing some of the world’s highest
quality vanadium, Largo’s strategic business plan is based on two
pillars: 1.) vanadium production from its operations in Brazil and
2.) energy storage business in the U.S. to support a low carbon
future through its clean energy division.
Largo’s common shares trade on the Nasdaq Stock Market and on
the Toronto Stock Exchange under the symbol "LGO". For more
information, please visit www.largoinc.com.
Forward-looking Information:
This press release contains forward-looking information under
applicable securities legislation (“forward-looking information”).
Forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". All
information contained in this news release, other than statements
of current and historical fact, is forward looking information.
Forward‐looking information contained in this press release
includes, but is not limited to, statements with respect to the
Company’s intentions with respect to the NCIB, purchases of Common
Shares under the NCIB, and the vertical integration of the
Company.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to those
risks described in the annual information form of Largo and in its
public documents filed on www.sedar.com and www.sec.gov from time
to time. Forward-looking information are based on the opinions and
estimates of management as of the date such statements are made.
Although management of Largo has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on Forward-looking
information. Largo does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
Readers should also review the risks and uncertainties sections of
Largo’s annual and interim MD&As which also apply.
Trademarks are owned by Largo Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220630005910/en/
For further information: Investor Relations Alex Guthrie Senior
Manager, External Relations +1.416.861.9778
aguthrie@largoinc.com
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