Sativa Wellness - Result of AGM and Board Changes
RNS Number : 3476N
Sativa Wellness Group Inc.
29 January 2021
 

 

 

 

 

 

 

 

 

 

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Sativa Wellness Group Inc.
("Sativa" or "Sativa Wellness" the "Company" or the "Group")

 

29 January 2021 

 

Sativa Wellness Group Inc. Provides
Annual General and Special Meeting Update

Board Changes

 

Sativa Wellness Group Inc. (CSE: SWEL) ("Sativa Wellness" or the "Company") is pleased to announce the results of the Company's Annual General and Special Meeting of the shareholders held on January 26, 2021 (the "Meeting"). There were 97,361,247 shares voted, representing 32.18% of the total shares issued and outstanding. A majority of the shareholders voted to accept the financial statements for each of the 2019 and 2020 fiscal years. The shareholders unanimously voted to set the number of directors at six. Each of Henry Lees-Buckley and Jason Dussault declined their respective nominations as a Director of the Company. The remaining management recommendations for directors, namely, Jonathan Wearing, Joseph Colliver, Angus Kerr and Mark Blower accepted their respective nominations as Directors of the Company. There were two nominations for directors from the floor, namely, Geremy Thomas and George Thomas. The Company held a ballot for the election of the directors and the percentage of votes cast for each director are as follows:

 

Jonathan Wearing - 99.99%

Joseph Colliver - 99.91%

Angus Kerr - 99.96%

Mark Blower - 98.84%

George Thomas - 100%

Geremy Thomas - 100%

 

In addition, the Company is pleased to announce that RSM Canada has been appointed as auditors of the Company for the upcoming year. A majority of the shareholders voted against the resolution to approve the Company's stock option plan.

 

The Company is pleased to announce that pursuant to the reverse takeover of Stillcanna Inc., the fiscal year end of the Company has changed to December 31, which is reflected in the Company's Notice of Change of Corporate Structure filing under the Company's profile on www.sedar.com. The change of the Company's year-end is expected unlock synergies amongst the vertically integrated operating subsidiaries of the Company and is intended to lead to cost savings going forward.

 

  Further information regarding the Company, including the AGM information circular, can be found at www.sedar.com.

 

Further information on Geremy Howard Prance Thomas:

Geremy Thomas currently has an interest of 78,406,380 common shares in the Company, representing 25.9 % of the Company's issued share capital. Geremy owns 12,464,890 options exercisable at C$ 0.02509 per share.

Save as set out below, there is no further information regarding Geremy Thomas that is required to be disclosed pursuant to Appendix 1, Table A, paragraph 5.1.2 of the AQSE Exchange Growth Market - Rules for Issuers.

 

Current Directorships

Previous Directorships

 

 

Carbon Managers Limited

Sativa Group plc

Low Carbon Leasing Ltd

George Botanicals Ltd

 

Phytovista Laboratories Ltd

 

Goodbody Botanicals Ltd

 

Sativa Foundation

 

Tessellate Collective Ltd

 

Goodbody & Blunt Limited

 

Goodbody Wellness Ltd

 

Sativa Research and Development Ltd

 

Sativa Wellness Ltd

 

Sativa Cultivation and Extraction Ltd

 

Geremy is an entrepreneur with a successful track record in the telecommunication, e-learning and consumer finance industries. Geremy co-founded The Carphone Group Plc in the late 1980's before selling it to Cable & Wireless. He then went on to create and list  PNC Telecom Plc. In 2001 Geremy co-founded TMTI Ltd. TMTI Ltd is a profitable technical support business which works with major brands in enhancing the customer experience. Geremy founded George Banco ltd in 2013, a consumer finance business, which was later sold to Non Standard Finance Plc. Geremy's other business interests include Carbon Managers Ltd, an environmental services consultancy company. More recently, Geremy founded the Sativa Group.

 

 

Further information on George Thomas:

George Thomas currently has an interest of 6,198,795 common shares in the Company, representing 2.0% of the Company's issued share capital. George owns 670,140 options exercisable at C$ 0.11973 per share.

Save as set out below, there is no further information regarding George Thomas that is required to be disclosed pursuant to Appendix 1, Table A, paragraph 5.1.2 of the AQSE Exchange Growth Market - Rules for Issuers.

 

Current Directorships

Previous Directorships

 

 

Tessellate Collective Ltd

George Banco Ltd

Goodbody Botanicals Ltd

Phytovista Laboratories Ltd

George Botanicals ltd    

Carbon Managers Ltd

 

George is a successful entrepreneur who has established an eclectic mix of businesses across an array of industries including Tech, Finance, Environmental and Wellness. George was a founding director and board member of George Banco Ltd, a consumer finance business, which was later sold to Non-Standard Finance Plc. He is the managing Director of Goodbody Botanicals Ltd, the main operating subsidiary of the Sativa Wellness Group through which he has successfully introduced a range of wellness products and services.

 

The Directors of the Company accept responsibility for the contents of this announcement.

 

On behalf of the Board of Directors,

 

Jonathan Wearing

Chairman of the Board of Directors

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

enquiries@sativawellnessgroup.com

 www.sativawellnessgroup.com

Joseph Colliver

Chief Financial Officer

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

enquiries@sativawellnessgroup.com

 www.sativawellnessgroup.com

 

 

 

 

 

AQSE Growth Market Corporate Adviser

Peterhouse Capital Limited

Guy Miller/Allie Feuerlein

+ 44 (0) 20 7220 9795 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Geremy Thomas

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

  Sativa Wellness Group Inc.

b)

LEI

213800V7NVQZF5G8VS50

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Ordinary shares of no par value in Sativa Wellness Group Inc.

Identification code (ISIN) for Sativa Wellness Group Inc. ordinary shares:
CA80403E1043

b)

Nature of the transaction

Disclosure of Ordinary Shares and warrants

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

78,406,380

 

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

1 October 2020

f)

Place of the transaction

AQSE Growth Market

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

George Thomas

2

Reason for the notification

a)

Position/status

Director]

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

  Sativa Wellness Group Inc.

b)

LEI

213800V7NVQZF5G8VS50

 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Ordinary shares of no par value in Sativa Wellness Group Inc.

Identification code (ISIN) for Sativa Wellness Group Inc. ordinary shares:
CA80403E1043

b)

Nature of the transaction

Disclosure of Ordinary Shares and warrants

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

6,198,795

 

d)

Aggregated information
- Aggregated volume
- Price

N/A

e)

Date of the transaction

1 October 2020

f)

Place of the transaction

AQSE Growth Market

 

 

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