Montreal, July 2, 2020 – LXRandCo, Inc. (“LXRandCo” or the “Company”) (TSX: LXR) (TSX: LXR.WT), a North American omni-channel retailer of branded vintage luxury handbags and accessories, today announced the voting results of its annual meeting of shareholders, which was held June 30th at 9:30 a.m. EDT in Montreal.
Each of the nominees listed in LXRandCo’s Management Information Circular dated May 25, 2020 were re-elected as directors of the Company. Each of the Company’s directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.
|Director Nominee||Votes For||% For||Votes Withheld||% Withheld|
|Camillo (Cam) Di Prata||22,666,200||96.19||898,883||3.81|
|Javier San Juan||23,564,983||100.00||100||0.00|
In addition, shareholders voted in favour of resolutions, by a majority of the votes cast by shareholders present or represented by proxy, appointing PricewaterhouseCoopers LLP, as auditor for the Company and ratifying, confirming and approving the increase of the number of class B shares reserved for issuance under the deferred share unit plan (the “DSUP”), and the decrease of the number of class B shares reserved for issuance under the long-term incentive plan (the “LTIP”), as described in the Company's Management Information Circular dated May 25, 2020
|Item||For||% For||Against||% Against||Withheld/Abstain||% Withheld/Abstain||Non-Vote|
|Appointment of Auditor||23,565,983||100||0||0.00||100||0.00||0|
|Deferred Share Unit Incentive Plan||22,666,200||96.19||898,883||3.81||0||0.00||0|
|Long-Term Incentive Plan||22,749,983||96.54||815,100||3.46||0||0.00||0|
Final voting results on all matters voted on at the annual meeting of shareholders held on June 30th, 2020 will be filed on SEDAR (www.sedar.com).
LXRandCo is a North American omni-channel retailer of branded vintage luxury handbags and other personal luxury products. LXRandCo sources and authenticates high-quality, pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others, and sells them at attractive prices through a retail network of stores located primarily in major department stores in the United States and Canada; wholesale operations primarily in the United States; and its own e-Commerce website, www.lxrco.com.
For further information: Nadine Eap, Interim Chief Financial Officer, LXRandCo, Inc., +1 (514) 564-9993 ext :037, email@example.com