WINNIPEG, Manitoba, April 10, 2018 (GLOBE NEWSWIRE) -- At the special meeting of the shareholders of Gendis Inc. (the “Corporation”) (TSX:GDS) held today, the shareholders passed the special resolution authorizing a consolidation of its issued and outstanding common shares as set forth in the Corporation’s management information circular dated March 10, 2018.
On the Special Resolution to approve the consolidation of the issued and outstanding common shares of the Corporation on the basis of one post-consolidation common share for every 500,000 pre-consolidation common shares held, with no fractional post-consolidation common shares being issued to any shareholder who would otherwise receive less than one whole post-consolidation common share, and with each shareholder who would have otherwise received less than one whole post-consolidation common share receiving a cash payment in lieu of such fractional post consolidation common share in an amount equal to $5.25 for each common share held prior to the share consolidation, all as more particularly described in the Information Circular.
All shares voted:
| PROXIES TABULATED | ||
| Number of Shares | Percentage | |
| For: | 12,288,043 | 99.999% |
| Against : | 300 | 0.001% |
| Total: | 12,288,343 | 100% |
All shares voted excluding 9, 130,057 shares held by the Controlling Shareholder Group:
| PROXIES TABULATED | ||
| Number of Shares | Percentage | |
| For: | 3,157,986 | 99.990% |
| Against : | 300 | 0.010% |
| Total: | 3,158,286 | 100% |