DeFi Technologies Inc. Announces AGM Voting Results and Transaction Updates

TORONTOSept. 13, 2021 /CNW/ – DeFi Technologies, Inc. (NEO: DEFI)(OTC:DEFTF) (the “Company” or “DeFi Technologies”) is pleased to announce the voting results from the Annual General and Special Meeting of shareholders held on September 13, 2021. The nominees listed in the Management Information Circular dated August 15, 2021 for the 2021 Annual General and Special Meeting of shareholders of DeFi Technologies (the “Meeting“) were elected as directors of the Company. A total of 14.68% of all of the issued and outstanding shares of DeFi Technologies were represented at the Meeting.

DeFi Technologies (CNW Group/DeFi Technologies, Inc.)
 
                                                               DeFi Technologies (CNW Group/DeFi Technologies, Inc.)

Detailed results of the vote for the election of directors held at the Meeting on September 13, 2021 in Toronto, Ontario are set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Nominee

% Votes For

% Votes Withheld

Tito Gandhi

99.246

0.754

William C. Steers

99.179

0.821

Bernard Wilson

99.186

0.814

Krisztian Toth

99.949

0.051

Russell Starr

99.480

0.520

Shareholders voted 99.96% in favour of the ratification and approval of the appointment of RSM Canada LLP, the Company’s auditors, with 0.04% of shareholders withholding their vote on the appointment of auditors.

Shareholders voted 99.349% in favour of the approval of the stock option plan of the Company (the “Stock Option Plan“), with 0.651% of shareholders withholding their vote on the approval of the Stock Option Plan.

Shareholders voted 99.30% in favour of the approval of the repricing of certain stock options under the Stock Option Plan, with 0.70% of shareholders withholding their vote on the stock option repricing.

Shareholders voted 99.724% in favour of the approval of the deferred share unit plan of the Company (the “DSU Plan“), with 0.276% of shareholders withholding their vote on the approval of the DSU plan.

The board of directors of DeFi Technologies would like to express its gratitude to its shareholders for their high levels of participation and support.

DeFi Yield and Protos Transactions

Further to the press release of the Company dated August 9, 2021, the Company announces that it will not be proceeding with the proposed acquisition of DeFi Yield Technologies Inc. (“DYT“) at this time. Additionally, further to the press release of the Company dated August 12, 2021, the Company also announces that it will not be proceeding with the proposed acquisition of Protos Asset Management GmbH (“Protos“).

The Company continues to evaluate other opportunities in the decentralized finance sector that it believes will be accretive to shareholder value.

About DeFi Technologies:

DeFi Technologies, Inc. (NEO: DEFI)(OTC:DEFTF) (the “Company” or “DeFi Technologies”). DeFi Technologies Inc. is a digital asset investment firm bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies and the future of finance. We believe that decentralised technologies lie at the heart of financial innovation. On behalf of our shareholders and investors, we identify opportunities and areas of innovation and build and invest in new technologies and ventures in order to provide diversified exposure across decentralized finance. As a trusted partner for our clients and investors, we provide industry-leading products and top-quality research and education in this fast-growing space. For more information visit https://defi.tech/.

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Meeting, the election of directors, the Stock Option Plan, the DSU Plan and the business plans of the Company. Generally, 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 state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. 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 the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to, the growth and development of DeFi and the cryptocurrency sector; rules and regulations with respect to DeFi; and regulatory approval of the Stock Option Plan and the DSU Plan. Although the Company 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 information 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. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE DeFi Technologies, Inc.

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DeFi Technologies


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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding DeFi Technologies Inc.'s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to DeFi Technologies Inc.'s industry; (b) market opportunity; (c) DeFi Technologies Inc.'s business plans and strategies; (d) services that DeFi Technologies Inc. intends to offer; (e) DeFi Technologies Inc.'s milestone projections and targets; (f) DeFi Technologies Inc.'s expectations regarding receipt of approval for regulatory applications; (g) DeFi Technologies Inc.'s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) DeFi Technologies Inc.'s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute DeFi Technologies Inc.'s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) DeFi Technologies Inc.'s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) DeFi Technologies Inc.'s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) DeFi Technologies Inc.'s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of DeFi Technologies Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) DeFi Technologies Inc.'s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises may adversely impact DeFi Technologies Inc.'s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing DeFi Technologies Inc.'s business operations (e) DeFi Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, DeFi Technologies Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does DeFi Technologies Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither DeFi Technologies Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of DeFi Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of DeFi Technologies Inc. or such entities and are not necessarily indicative of future performance of DeFi Technologies Inc. or such entities.