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Urthecast Corp LFDEF

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.


GREY:LFDEF - Post by User

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Post by Refrac1on Jun 12, 2018 7:36am
115 Views
Post# 28158315

ISS and Glass Lewis

ISS and Glass LewisGlobeinvestorGOLD.com Company News Alert for UrtheCast Corp. ======================== Leading Independent Proxy Advisors Institutional Shareholder Services and Glass Lewis Recommend that Shareholders of UrtheCast Corp. Vote For All Director Nominees and Resolutions Canada NewsWire /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ *Shareholders urged to vote in advance of proxy voting deadline of 10:30 a.m. (Vancouver Time), Thursday, June 21, 2018 VANCOUVER, June 12, 2018 /CNW/ - UrtheCast Corp. (TSX: UR) ("UrtheCast" or the "Company") announces that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis") have recommended that UrtheCast shareholders vote FOR all director nominees and resolutions, including the amendment of the Company's General By-law No. 1. ISS and Glass Lewis are leading independent international corporate governance analysis and proxy voting firms, whose recommendations guide institutional shareholders in making proxy-voting decisions. Shareholders are urged to vote as soon as possible and ensure that their proxy is received in advance of the proxy-voting deadline of 10:30 a.m. (Vancouver time) on Thursday, June 21, 2018. The Company's annual general and special meeting of shareholders (the "Meeting") is scheduled to be held on June 25, 2018. In support of UrtheCast's amendment to General By-law No. 1, increasing the number of permitted directors who are not Canadian residents to 75%, Glass Lewis states in its report: "Glass Lewis generally supports changes made to a Company's by-laws intended to reflect new legislation or regulatory requirements. In this case, the new by-law is intended to align the Company's articles of association in line with recent amendments made to the Business Corporations Act (Ontario). Having reviewed the changes, we do not believe that there are substantial issues for shareholder concern." In its report recommending that subscribers vote FOR UrtheCast's director nominees, ISS states: "Vote FOR all proposed nominees as no significant concerns have been identified at this time." The Company encourages all UrtheCast shareholders to read the Company's management information circular, which was mailed to shareholders of record as of May 8, 2018 and is available at www.urthecast.com and under the Company's profile at www.sedar.com. The management information circular contains detailed information about the director nominees and the amendment of General By-law No. 1. The Board of Directors of UrtheCast recommends that shareholders vote FOR all director nominees and "FOR" the amendment of General By-law No. 1 at the Meeting. Shareholders are reminded to vote before the proxy-voting deadline of 10:30 a.m. (Vancouver time) on Thursday, June 21, 2018. The Company has engaged the services of Laurel Hill Advisory Group as its proxy solicitation and agent. If you have any questions or require assistance with voting your shares, please call our proxy solicitation agent, Laurel Hill Advisory Group toll free at 1-877-452-7184 (1-416-304-0211 outside North America) or by e-mail at assistance@laurelhill.com About UrtheCast
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