HIAWATHA, KS, May 16, 2013 /CNW/ - (TSX: HEM) - Hemisphere GPS Inc. ("Hemisphere GPS" or the "Corporation") announced today that on May 15, 2013 it held its annual and special
meeting of shareholders (the "Meeting"). A total of approximately 33,373,880 common shares (approximately
48.24% of the outstanding common shares) were represented at the
Meeting in person or by proxy.
At the Meeting, shareholders approved an ordinary resolution to elect
six directors of the Corporation at the Meeting, an ordinary resolution
approving all unallocated share options under the Corporation's share
option plan, an ordinary resolution re-approving the shareholder rights
plan of the Corporation, a special resolution to change the
Corporation's name to "AgJunction Inc." (the "Name Change"), a special resolution to amend the "Other Provisions" contained in
the articles of the Corporation, an ordinary resolution confirming the
new bylaws of the Corporation and an ordinary resolution approving the
appointment of KPMG LLP, Chartered Accountants, as auditors of the
In addition, at the Meeting shareholders approved the election of six
nominees as directors of the Corporation to serve until the next annual
meeting of shareholders or until their successors are elected or
appointed, with common shares represented at the Meeting voting by way
of ballot in favour of the individual nominees as follows:
Mark W. Anderson
Barry D. Batcheller
Paul G. Cataford
Richard W. Heiniger
Michael J. Lang
John M. Tye III
The Corporation will issue a further news release once the Name Change
is effective, which is anticipated to occur on or about May 24, 2013.
Hemisphere GPS (to be renamed "AgJunction") provides innovative hardware
and software applications for precision agriculture worldwide. The
Company holds numerous patents and markets its products and services
under leading brand names including Outback Guidance®, Satloc®, and
AgJunction® Cloud Services. AgJunction supports advanced farming
practices and enables seamless data connectivity among growers and
their agricultural service providers. The Company is headquartered in
Hiawatha, Kansas, with facilities in Arizona, Pennsylvania, Manitoba
and Queensland, Australia. For more information, please go to www.corp.agjunction.com.
SOURCE: Hemisphere GPS Inc.
For further information:
President and Chief Executive Officer
Hemisphere GPS Inc.