Vancouver, British Columbia – TheNewswire – September 10, 2024 - Plantify Foods, Inc. (TSXV: PTFY) ("Plantify" or the "Company"), a clean label food company dedicated to providing consumers with nutritious and delicious food options, is pleased to announce the results of the annual general meeting of shareholders (“AGM”) held today in person at 10:00am (Pacific Daylight Savings Time).

 

Shareholders approved all the matters recommended by management, including:

• fixing the number of directors at six (6) persons and the election of Israel Berenstein, Moshe Revach, Asaf Itzhaik, Yehonatan Shachar, Gabriel Kabazo and Rowland Wallenius as directors of the Company for the ensuing year; 

• the appointment of Ziv Haft, Certified Public Accountants (Isr.), a BDO member firm as the Company’s auditors for the ensuing year; 

• Approval of the Company’s omnibus equity incentive plan; and 

• The approval of the Consolidation of Share Capital in which the authorized share structure of the Company be altered by consolidating all of the issued and outstanding Common Shares without par value on the basis of up to 1,000 pre-consolidation Common Shares for one post-consolidation common share of the Company, or such lesser whole number of pre-consolidation Common Shares as the directors may determine. 

 

About Plantify Foods

Plantify is committed to providing consumers with nutritious, clean label food options while pioneering innovation in the food and beverage industry. The Company has a simple mission: to ensure that everyone has access to high quality food alternatives that are clean and healthy, are nutritious and tasty, use whole natural ingredients, and are easy to prepare.

Plantify, through its wholly owned Israeli subsidiary, currently sells its diverse range of products in Israel, and is actively expanding its footprint across Europe and North America.

If you have any questions or need more information, feel free to contact the Company directly.

Contacts:

Gabriel Kabazo

Chief Financial Officer and Corporate Secretary

Phone: (778) 601-8420

 

Investor Relations

Email: ir@plantifyfoods.com

 

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 release.

  

Forward Looking Statements:‎

This news release contains “forward-looking information” within the meaning of applicable Canadian ‎securities legislation. All statements, other than statements of historical fact, included herein are forward-‎looking information. In particular, this news release contains forward-looking information regarding but not limited to completion of the Consolidation, the Consolidation ratio, receipt of regulatory approvals to the Consolidation, and the Company’s ability to meet Nasdaq listing requirements. There can be no assurance that such forward-‎looking information will prove to be accurate, and actual results and future events could differ materially from ‎those anticipated in such forward-looking information. This forward-looking information reflects ‎Plantify’s current beliefs and is based on information currently available to Plantify and on ‎assumptions it believes are reasonable. These assumptions include but are not limited to the effect of the Consolidation upon the market price of the common shares. 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 of Plantify to be materially different from those expressed or ‎implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general ‎business, economic, competitive, political and social uncertainties; general capital market conditions and market prices ‎for securities; delay or failure to receive regulatory approvals; the actual results of future operations; ‎competition; changes in legislation, including environmental legislation, affecting Plantify; the timing and availability of ‎external financing on acceptable terms; and loss of key individuals‎. A description of ‎additional risk factors that may cause actual results to differ materially from forward-looking information can ‎be found in Plantify’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. ‎Readers are further cautioned not to place undue reliance on forward-looking information as there can be no ‎assurance that the plans, intentions or expectations upon which they are placed will occur. The forward-‎looking information contained in this news release represents the expectations of Plantify as of the date ‎of this news release and, accordingly, is subject to change after such date. Plantify expressly ‎disclaims any intention or obligation to update or revise any forward-looking information, whether as a result ‎of new information, future events or otherwise, except as expressly required by applicable securities law.