TORONTO and LOS ANGELES, March 06, 2020 (GLOBE NEWSWIRE) -- QYOU Media Inc. (TSXV: QYOU, OTCQB: QYOUF) ("QYOU Media" or the "Company"), a next generation global media company that curates, packages and distributes premium digital first short-form video for multiscreen distribution, today announced each of the resolutions put before the annual and special meeting of shareholders held on March 5, 2020 was passed by the requisite majority of shareholders.
As described in the Company’s management information circular dated January 6, 2020, G. Scott Paterson, Curt Marvis, Catherine Warren, Amory B. Schwartz, Damian Lee and Steven Beeks were re-elected as directors of the Company. The Company also announces that Vikas Ranjan, who was initially proposed as a director nominee, has instead accepted the position of Special Consultant to the Chair of the Board. Mr. Ranjan began his career at India’s largest public exchange, The National Stock Exchange, and is one of Canada’s leading experts on capital markets matters related to India. Mr. Ranjan is expected to assist the Chair of the Board in connection with the Company’s exciting prospects in India via its “Q India” television and OTT channel, now available via 500 million devices in the country.
Furthermore, shareholders approved all other resolutions put before the Meeting as described in the Circular, including: (i) the re-appointment of MNP LLP as auditor; (ii) the re-approval of the stock option plan of the Company; (iii) the approval of the amended and restated restricted share unit plan of the Company; and (iv) the approval of certain share compensation arrangements with the non-management directors of the Company. The Company plans to issue the shares in respect of the share compensation arrangements in March 2020. Such shares will be subject to a hold period of four months and one day from the date of issuance.
About QYOU Media Inc.
QYOU Media is a growing global media company powered by creators and influencers. We curate, package and market premium content from leading digital video creators for multiscreen & multi platform distribution. Founded and created by industry veterans from Lionsgate, MTV and Disney, QYOU Media’s millennial and Gen Z-focused products include linear television networks, genre-based series, influencer marketing campaigns, mobile apps, and video-on-demand formats. QYOU Media content reaches more than 500 million consumers around the world. Experience our work at www.qyoumedia.com
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This press release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, the Company’s future plans and anticipated results. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Additional risks and uncertainties regarding QYOU Media are described in its publicly available disclosure documents, filed by QYOU Media on SEDAR at www.sedar.com except as updated herein. The forward-looking statements contained in this news release represent QYOU Media’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Except as required by law, QYOU Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.
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