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 Corporation.
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||99.57%|
|Barry D. Batcheller||99.31%|
|Paul G. Cataford||99.23%|
|Richard W. Heiniger||99.53%|
|Michael J. Lang||99.40%|
|John M. Tye III||99.54%|
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.
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President and Chief Executive Officer
Hemisphere GPS Inc.