- Shine Box Capital Corp. (RENT.P) to hold special meeting to adopt and align with the new CPC policy
- This will take place at its February 3, 2022, special meeting of shareholders
- It has been determined that it is in the best interests of Shine Box to re-submit such matters to the shareholders at the meeting
- Shareholders will be asked to pass four separate ordinary resolutions by the affirmative vote
- Shine Box Capital Corp. (RENT.P) is flat on the day, trading at C$0.09 at 1:42 pm EST
Shine Box Capital Corp. (RENT.P) intends to seek the requisite shareholder approvals to adopt and align with its new CPC policy.
This will take place at its February 3, 2022, special meeting of shareholders.
Shine Box previously sought shareholder approvals at its annual and special meeting held on November 29, 2021.
However, due to an error in the scrutineer’s report, it has been determined that it is in the best interests of Shine Box to re-submit such matters to the shareholders at the meeting.
Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the TSXV Corporate Finance Manual or the new CPC policy.
At the meeting, shareholders will be asked to pass four separate ordinary resolutions by the affirmative vote of not less than a majority of the votes cast by disinterested shareholders who vote in respect thereof, in person or by proxy.
Shine Box shall seek disinterested approval to adopt a new stock option plan under which the total number of common shares of Shine reserved for issuance is 10 per cent of common shares of Shine outstanding as at the date of grant of any stock option, rather than 10 per cent of the common shares of Shine outstanding as at the closing of Shine Box’s IPO.
In seeking such shareholder approval, Shine Box shall exclude all votes attached to the Shine Box common shares held by Insiders to whom options have been granted under its existing stock option plan, as well as their associates and affiliates.
Shine Box Capital Corp. (RENT.P) is flat on the day, trading at C$0.09 at 1:42 pm EST.