Subjects: ANNUAL MEETINGS, BOARD OF DIRECTORS
Enthusiast Gaming Announces Shareholder Meeting Voting Results
TORONTO, June 30, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (NASDAQ:EGLX) (TSX:EGLX), an independent gaming media and entertainment company, is pleased to announce the voting results for the election of its Board of Directors (the "Board"), which took place at the Company's Annual General and Special Meeting of Shareholders ("AGM") held today, June 30, 2023.
All nominees as set forth in the Company's management information circular dated May 30, 2023 (the "Circular") were elected as directors of Enthusiast Gaming at the AGM. Detailed results of the votes are set out below:
| Nominee | Votes For | % | Votes Withheld | % |
| John Albright | 27,528,720 | 73.44% | 9,958,123 | 26.56% |
| Michael Beckerman | 27,638,473 | 73.73% | 9,848,370 | 26.27% |
| Adrian Montgomery | 27,045,562 | 72.15% | 10,441,281 | 27.85% |
| Scott Michael O'Neil | 32,682,445 | 87.18% | 4,804,398 | 12.82% |
| Nicolas Brien | 33,748,808 | 90.03% | 3,738,035 | 9.97% |
| David Goldhill | 24,644,955 | 65.74% | 12,841,888 | 34.26% |
| Janny Lee | 24,299,631 | 64.82% | 13,187,212 | 35.18% |
The shareholders also: (1) voted in favour of setting the number of directors at seven (7); (2) approved the re-appointment of KPMG LLP as auditor of the Company for the ensuing year and authorized the Board to fix the remuneration of the auditor; (3) approved the Stock Option Plan Resolution, as outlined in the Circular; and (4) approved the Share Unit Plan Resolution, as outlined in the Circular. Results of the shareholder votes on these items are set forth below:
| Outcome of Vote | Votes For | % | Withheld/ Against | % | |
| Number of Directors | Carried | 36,262,449 | 96.73% | 1,224,395 | 3.27% |
| Appointment of Auditors | Carried | 53,895,562 | 99.12% | 476,547 | 0.88% |
| Stock Option Plan Resolution | Carried | 28,105,039 | 74.97% | 9,381,805 | 25.03% |
| Share Unit Plan Resolution | Carried | 32,706,927 | 87.25% | 4,779,916 | 12.75% |
About Enthusiast Gaming
Enthusiast Gaming is an independent gaming media and entertainment company, building the largest media and content platform for video game players and esports fans to connect and compete worldwide. Combining the elements of its five core pillars: Communities, Content, Creators, Commerce and Experiences, Enthusiast Gaming provides a unique opportunity for marketers to create integrated brand solutions to connect with coveted GenZ and Millennial audiences. Through its proprietary mix of digital media, content and gaming assets, Enthusiast Gaming continues to grow its network of communities, reflecting the diversity of gaming enthusiasts today.
Investor Contacts
Enthusiast Gaming ? Alex Macdonald, CFO
FNK IR ? Rob Fink / Matt Chesler, CFA
[email protected]
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.
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