CloudMD adopts a notice policy
VANCOUVER, British Columbia, 05 Oct 2021 (GLOBE NEWSWIRE) – CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Society” Where “CloudMD“), a healthcare technology company transforming the delivery of care, announces that the Company’s Board of Directors has adopted an Advance Notice Policy (the”PoliticsThe purpose of the Policy is to provide the shareholders, directors and management of CloudMD with a framework for the appointment of directors of the Company.
CloudMD is committed to: (i) facilitating an orderly and efficient annual general meeting or, where appropriate, a special meeting, process; (ii) ensure that all shareholders receive adequate notice of director appointments and sufficient information regarding all director nominees; and (iii) allow shareholders to record an informed vote after having benefited from a reasonable period of time for appropriate deliberation. The policy aims to promote these objectives.
The policy, among other things, includes a provision that requires notice to the Company in certain circumstances where nominations of persons for election to the board of directors are made by the registered holders of common shares of the Company. The Policy sets certain deadlines by which nominations of directors must be submitted to the Company prior to any annual or special meeting of shareholders and sets out the information that must be included in the notice to the Company. No person will be eligible for election as an administrator of CloudMD unless appointed in accordance with the Policy.
In the case of an annual meeting of shareholders, notice to the Company must be received by the Company at least 30 days and at most 65 days before the date of the annual meeting of shareholders; provided, however, that in the event that the annual meeting of shareholders is to be held on a date which is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, a notice may be received by the Company no later than the 10th day following such public announcement.
In the case of an extraordinary meeting of shareholders (which is not also an annual meeting) called for the purpose of electing directors (called or not called for other purposes), notice to the Company must be received. by the Company no later than the 15th day following that of the first public announcement of the date of the extraordinary meeting.
The policy was approved by the Board of Directors on July 7, 2021 and is in full effect on the date of its approval. In accordance with the terms of the policy, the Company will seek shareholder approval and ratification of the policy at its next annual and special general meeting of shareholders (the “Meeting“). If the policy is not confirmed at the meeting, the policy will end and have no effect after the end of the meeting.
A copy of the policy is available under the company profile at www.sedar.com and a copy and summary of the policy are included in the management information circular relating to the meeting.
About Cloud® Software and Services
CloudMD is transforming healthcare delivery using technology and delivering a patient-centered approach, with an emphasis on continuity of care. By leveraging healthcare technology, the company is building a connected platform that addresses all points of a patient’s care journey and provides better access to care and better outcomes. Using CloudMD’s proprietary technology, the company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialty care, telemedicine, mental health support, healthcare navigation , educational resources and artificial intelligence (AI). The Enterprise Health Solutions division of CloudMD includes one of the top 4 employee assistance programs in Canada and offers a comprehensive, digitally connected platform for businesses, insurers and advisors to better manage health and wellbeing. -be their employees and customers.
CloudMD currently serves a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counselors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 specialist physicians, over 1,500 allied health professionals in North America . For more information visit: https://investisseurs.cloudmd.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD”
Chief Executive Officer
FOR MORE INFORMATION, CONTACT:
Vice-President, Investor Relations
This press release contains forward-looking statements based on CloudMD’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans. Although CloudMD believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and CloudMD does not undertake to update them publicly to reflect new information or the occurrence of future events or circumstances, unless the law does not require it otherwise.
The TSX Venture Exchange accepts no responsibility for the adequacy or accuracy of this release.