Neptune Announces Results of Annual Meeting and Elections of

|Aug 14|magazine12 min read

LAVAL, QC, Aug. 14, 2020 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, announced  the voting results for the matters listed in its management proxy circular dated July 16, 2020 held at its annual meeting of shareholders, which took place virtually on August 12,  2020 (the "AGM").

Election of Directors

According to proxies received and a vote by poll at the meeting, the following individuals were elected as directors of Neptune until the next annual meeting of shareholders, with the following results:  

Nominee

Votes
For

% Votes
For

Votes
Withheld

% Votes
Withheld

John M. Moretz

29,679,735

97.6%

736,756

2.4%

Joseph Buaron

29,989,479

98.6%

427,012

1.4%

Michael Cammarata

27,472,165

90.3%

2,944,326

9.7%

Ronald Denis

22,702,327

74.6%

7,714,164

25.4%

Michael de Geus

30,211,169

99.3%

205,322

0.7%

Jane Pemberton

30,151,899

99.1%

264,592

0.9%

Frank Rochon

30,156,703

99.2%

259,788

0.9%

Richard Schottenfeld

29,542,961

97.1%

873,530

2.9%

Appointment of Auditors

According to proxies received and a vote by poll at the meeting, Ernst & Young, LLP, Chartered Professional Accountants, were appointed as the Corporation's auditors for the ensuing year and the Board of Directors of the Company were authorized to fix their remuneration, with the following results:

Ernst & Young, LLP

Votes in Favor

% In Favor

Votes
Withheld

% Withheld

56,257,820

99.3%

392,189

0.7%

About Neptune Wellness Solutions Inc.

Neptune Wellness Solutions is a diversified and fully integrated health and wellness company.  With a mission to redefine health and wellness, Neptune is focused on building a broad portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, quickly adapt to consumer preferences and demand, and bring new products to market through its mass retail partners and e-commerce channels.  Leveraging decades of expertise in extraction and product formulation, Neptune is a leading provider of turnkey product development and supply chain solutions to business customers across several health and wellness verticals, including legal cannabis and hemp, nutraceuticals and white label consumer packaged goods. The Company has a strong position in cannabis and hemp with research, development and commercialization focused on the use of cannabinoids in household products to make them safer, healthier and more effective.  Neptune's corporate headquarters is located in Laval, Quebec, with a 50,000-square-foot production facility located in Sherbrooke, Quebec and a 24,000 square-foot facility located in North Carolina.  For additional information, please visit: https://neptunecorp.com/

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the U.S. securities laws and Canadian securities laws. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of Neptune to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "projects", "anticipates", "will", "should" or "plans" to be uncertain and forward-looking. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement and the "Cautionary Note Regarding Forward-Looking Information" section contained in Neptune's latest Annual Information Form (the "AIF"), which also forms part of Neptune's latest annual report on Form 40-F, and which is available on SEDAR at www.sedar.com, on EDGAR at https://www.sec.gov/edgar.shtml and on the investor section of Neptune's website at www.neptunecorp.com. All forward-looking statements in this press release are made as of the date of this press release. Neptune does not undertake to update any such forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Neptune public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Additional information about these assumptions and risks and uncertainties is contained in the AIF under "Risk Factors".

Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Neptune Wellness Solutions Inc.