Currency Exchange International Announces Voting Results from Annual General Meeting March 20, 2024
March 21 2024 - 5:00PM
Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX:
CXI; OTCBB: CURN)
, is pleased to announce the
detailed voting results for the Company’s Annual General Meeting of
shareholders held on March 20, 2024 (the
“
Meeting”). A total of 3,443,397 common shares of
the Company (the “
Common Shares”), being 54.30% of
the issued and outstanding Common Shares as of the record date of
February 5, 2024, were present in person or represented by proxy at
the Meeting.
The nominees listed in the management
information circular dated February 5, 2024 were elected as
directors of the Company at the Meeting. Detailed results of the
vote are set out below:
Nominee |
Votes For |
% |
Withheld |
% |
Joseph August |
3,042,732 |
99.76% |
7,202 |
0.24% |
Chirag Bhavsar |
3,041,941 |
99.74% |
7,993 |
0.26% |
Carol Poulsen |
3,047,732 |
99.93% |
2,202 |
0.07% |
Chitwant Kohli |
3,041,865 |
99.74% |
8,069 |
0.26% |
Mark Mickleborough |
3,043,242 |
99.78% |
6,692 |
0.22% |
Randolph W. Pinna |
3,043,741 |
99.80% |
6,193 |
0.20% |
V. James Sardo |
3,035,741 |
98.53% |
14,193 |
0.47% |
Stacey Mowbray |
2,967,728 |
97.30% |
82,206 |
2.70% |
Daryl Yeo |
3,046,033 |
99.87% |
3,901 |
0.13% |
Shareholders also approved resolutions
appointing Grant Thornton LLP as the Company’s auditors.
For more information, please refer to the
Company’s information circular dated February 5, 2024, available on
its SEDAR profile at www.sedarplus.com.
About Currency Exchange International,
Corp.
Currency Exchange International is in the
business of providing comprehensive foreign exchange technology and
processing services for banks, credit unions, businesses, and
consumers in the United States and select clients globally. Primary
products and services include the exchange of foreign currencies,
wire transfer payments, Global EFTs, and foreign cheque clearing.
Wholesale customers are served through its proprietary FX software
applications delivered on its web-based interface, www.cxifx.com
(“CXIFX”), its related APIs with core banking
platforms, and through personal relationship managers. Consumers
are served through Group-owned retail branches, agent retail
branches, and its e-commerce platform, order.ceifx.com
(“OnlineFX”).
The Group’s wholly-owned Canadian subsidiary,
Exchange Bank of Canada, based in Toronto, Canada, provides foreign
exchange and international payment services in Canada and select
international foreign jurisdictions. Customers are served through
the use of its proprietary software, www.ebcfx.com
(“EBCFX”), related APIs to core banking platforms,
and personal relationship managers.
Contact Information
For further information please contact: Bill
MitoulasInvestor Relations(416) 479-9547Email:
bill.mitoulas@cxifx.comWebsite: www.cxifx.com
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION
This press release includes forward-looking
information within the meaning of applicable securities laws. This
forward-looking information includes, or may be based upon,
estimates, forecasts, and statements as to management’s
expectations with respect to, among other things, demand and market
outlook for wholesale and retail foreign currency exchange products
and services, future growth, the timing and scale of future
business plans, results of operations, performance, and business
prospects and opportunities. Forward-looking statements are
identified by the use of terms and phrases such as “anticipate”,
“believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”,
“predict”, “preliminary”, “project”, “will”, “would”, and similar
terms and phrases, including references to assumptions.
Forward-looking information is based on the
opinions and estimates of management at the date such information
is provided, and on information available to management at such
time. Forward-looking information involves significant risks,
uncertainties and assumptions that could cause the Company’s actual
results, performance, or achievements to differ materially from the
results discussed or implied in such forward-looking information.
Actual results may differ materially from results indicated in
forward-looking information due to a number of factors including,
without limitation, the competitive nature of the foreign exchange
industry, the impact of COVID-19 or the evolving situation in
Ukraine on factors relevant to the Company’s business, currency
exchange risks, the need for the Company to manage its planned
growth, the effects of product development and the need for
continued technological change, protection of the Company’s
proprietary rights, the effect of government regulation and
compliance on the Company and the industry in which it operates,
network security risks, the ability of the Company to maintain
properly working systems, theft and risk of physical harm to
personnel, reliance on key management personnel, global economic
deterioration negatively impacting tourism, volatile securities
markets impacting security pricing in a manner unrelated to
operating performance and impeding access to capital or increasing
the cost of capital as well as the factors identified throughout
this press release and in the section entitled “Risks and
Uncertainties” of the Company’s Management’s Discussion and
Analysis for the Three-month Ended January 31, 2023. The
forward-looking information contained in this press release
represents management’s expectations as of the date hereof (or as
of the date such information is otherwise stated to be presented)
and is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required under applicable securities
laws.
The Toronto Stock Exchange does not accept
responsibility for the adequacy or accuracy of this press release.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained in
this press release.
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