Board and Management Acquired Approximately
135,000 Shares of VIQ Solutions Through Open Market Purchases
VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS and
Nasdaq: VQS), a global provider of secure, AI-driven, digital voice
and video capture technology and transcription services, announced
the voting results from its annual and special meeting of
shareholders (the “Meeting”) on June 7th, 2022. Shareholders
approved all matters set forth in the Company's Management
Information Circular dated April 29th, 2022. A total of 19,097,117
common shares of the Company (the “Shares”) were voted at the
Meeting, representing 63.9% of the issued and outstanding
Shares.
Additionally, management announced that the members of the
Company’s board of directors and management purchased approximately
135,000 Shares. The Shares were purchased on the open market
between May 13, 2022, and June 6 , 2022. As a result of these
purchases, board members and management beneficially own
approximately 6.75 million shares, representing approximately 22.6%
of the total issued and outstanding Shares of VIQ.
“After emerging from one of the longest blackout periods in
VIQ’s history, Company insiders were able to purchase Shares in the
open market," stated Sebastien Paré, VIQ’s Chief Executive Officer.
“We are very optimistic about the future of the Company and are
well-positioned to achieve our goals of at least $50M in revenue
for the year.”
“VIQ has transformed the way complex, multi-speaker content is
managed and there is no doubt that this is our time,” said Susan
Sumner, VIQ’s President and Chief Operating Officer. “Our
end-to-end technology and services portfolio has become even more
strategic and relevant to our client base as we provide them with
the solutions they need to combat post-pandemic resource and
backlog challenges. The seamless integration of high-quality
content capture, seamless workflow tools, real-time speech to text,
and accurate edited documents creates efficiency and value, as well
as increased transparency, usability of discrete data and overall
accessibility of information for our diverse global client
base.”
The voting results for the election of directors were as
follows:
Nominee
% of votes for
% of votes withheld
Sebastien Pare
97.1%
2.9%
Larry Taylor
97.1%
2.9%
Harvey Gordon
91.0%
9.0%
Susan Sumner
96.3%
3.7%
Christine Fellowes
97.1%
2.9%
Joseph Quarin
97.1%
2.9%
Yixin (Shing) Pan
97.1%
2.9%
Bradley Wells
97.1%
2.9%
The voting results for the remaining matters were as
follows:
- Fixing the number of directors to be elected at eight and
authorizing the Board to determine the number of directors from
time to time and the number of directors to be elected at annual
meetings of the Company within the minimum and maximum number of
directors set forth in the articles of the Company:
- Votes for: 99.9%
- Votes against: 0.1%
- Appointing KPMG LLP Chartered Professional Accountants as
auditor of the Company for the ensuing year and authorizing the
Board to fix their remuneration:
- Votes for: 99.9%
- Votes withheld: 0.1%
- Approving the Amended and restated By-Law No 1 of the Company:
- Votes for: 96.7%
- Votes against: 3.3%
For further details on each of the above matters, please refer
to the Circular available under VIQ’s profile on the System for
Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com.
Final voting results on all matters voted on at the Meeting will
be filed on SEDAR at www.sedar.com.
For more information about VIQ, please visit
viqsolutions.com.
About VIQ Solutions Inc.
VIQ Solutions is a global provider of secure, AI-driven, digital
voice and video capture technology and transcription services. VIQ
offers a seamless, comprehensive solution suite that delivers
intelligent automation, enhanced with human review, to drive
transformation in the way content is captured, secured, and
repurposed into actionable information. The cyber-secure, AI
technology and services platform are implemented in the most rigid
security environments including criminal justice, legal, insurance,
media, government, corporate finance, media, and transcription
service provider markets, enabling them to improve the quality and
accessibility of evidence, to easily identify predictive insights
and to achieve digital transformation faster and at a lower
cost.
Forward Looking-Statements
Certain statements included in this press release constitute
forward-looking statements or forward-looking information under
applicable securities legislation. Such forward-looking statements
or information are provided for the purpose of providing
information about management's current expectations and plans
relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes.
Forward-looking statements or information typically contain
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project" or similar
words, including negatives thereof, suggesting future outcomes or
that certain events or conditions “may” or “will” occur. These
statements are only predictions. Forward-looking statements or
information in this press release include, but are not limited to
Company’s current focus and the ability of the Company to achieve
its stated goals in the upcoming year.
Forward-looking statements or information are based on several
factors and assumptions which have been used to develop such
statements and information, but which may prove to be incorrect.
Although VIQ believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements because
VIQ can give no assurance that such expectations will prove to be
correct. In addition to other factors and assumptions which may be
identified in this press release, assumptions have been made
regarding, among other things, recent initiatives and that sales
and prospects may provide incremental value for shareholders.
Readers are cautioned that the foregoing list is not exhaustive of
all factors and assumptions that have been used.
Forward-looking information is necessarily based on a number of
opinions, assumptions and estimates that while considered
reasonable by the Company as of the date of this press release, are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information, included
but not limited to the factors described in greater detail in the
“Risk Factors” section of the Company’s annual information form
dated March 31, 2022, in the Company’s annual report form on Form
20-F and in the Company’s other materials filed with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission from time to time, available at www.sedar.com
and www.sec.gov, respectively.
These factors are not intended to represent a complete list of
the factors that could affect the Company, however, these factors
should be considered carefully. There can be no assurance that such
estimates and assumptions will prove to be correct. The
forward-looking statements contained in this press release are made
as of the date of this press release and the Company expressly
disclaims any obligations to update or alter statements containing
any forward-looking information, or the factors or assumptions
underlying them, whether as a result of new information, future
events or otherwise, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220607006258/en/
Media Contact: Laura Haggard Chief Marketing Officer VIQ
Solutions Inc. Phone: (800) 263-9947 Email:
marketing@viqsolutions.com Investor Relations Contact: Laura
Kiernan High Touch Investor Relations Ph. 1-914-598-7733 Email:
viq@htir.net
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