Axis Reports Results of Annual General and Special Meeting

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Published Nov 29, 2024 • 3 infinitesimal read

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TORONTO — Axis Auto Finance Inc. (“Axis” oregon the “Company”) ( TSX: AXIS), is pleased to denote the voting results from its Annual General and Special Meeting of shareholders (“Shareholders”) held earlier contiguous (the “Meeting”).

All the matters enactment guardant earlier Shareholders for information and support arsenic acceptable retired successful the Company’s absorption accusation circular dated October 30, 2024 (the “Circular”) were approved by the requisite bulk of votes formed astatine the Meeting. In particular, Shareholders approved the predetermination of each manager nominees, re-approval of Ernest & Young LLP arsenic the Company’s auditors, the support of the antecedently disclosed transaction with Fionic and the authorization of the committee to yet proceed with the dissolution of the Company. The committee of directors of the Company is comprised arsenic follows:

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Nominee	Votes “For”	% Votes “For”	Votes “Against”	% of Votes “Against”
Todd Hudson	51,457,026	98.883%	581,076	1.117%
Ilja Troitschanski	51,457,026	99.883%	581,076	1.117%
Wes Neichenbauer	51,953,102	98.837%	85,000	0.163%
Bruce Smith	51,946,402	99.824%	91,700	0.176%
Lesley Gallinger	51,946,402	99.824%	91,700	0.176%
Ian Anderson	51,953,102	99.837%	85,000	0.163%
Paul Kerwin	51,953,102	99.837%	85,000	0.163%
Arlene O’Neill	51,953,102	99.837%	85,000	0.163%

52,216,673 communal shares were represented by Shareholders successful idiosyncratic oregon by proxy astatine the Meeting, representing astir 43% of the full issued and outstanding shares astatine the grounds day for the Meeting. Full details of the voting results volition beryllium posted nether the Company’s illustration connected www.sedarplus.ca.

About Axis Auto Finance

Axis is simply a fintech lender providing alternate utilized conveyance financing options to non-prime borrowers. Axis loans are offered done automotive dealers to astir 30% of Canadians (Source: Equifax) that person recognition scores successful the non-prime range. All Axis car loans study to the recognition bureau, resulting successful implicit 70% of customers seeing a important betterment of their recognition scores. Further accusation connected the Company tin beryllium recovered astatine https://www.axisfinancegroup.com/investors-press-releases/.

The TSX Exchange has neither approved nor disapproved the contents of this property release. Neither the Exchange nor its Regulation Services Provider (as that word is defined successful the policies of the Exchange) accepts work for the adequacy oregon accuracy of this release.

Notice Regarding Forward-Looking Statements

This quality merchandise contains forward-looking accusation and forward-looking statements (collectively, “forward-looking statements”) wrong the meaning of applicable securities laws, regarding the Company’s concern and operations. In this quality release, forward-looking statements subordinate to, among different things, accusation regarding the repayment of the Facility.

Forward-looking statements are needfully based connected a fig of assumptions that the Company considered due and tenable arsenic of the day specified accusation is given, including but not constricted to the assumptions that the transaction volition proceed according to the Company’s anticipated timelines. Forward-looking statements are taxable to known and chartless risks, uncertainties, and different factors, galore of which are beyond the Company’s control, that whitethorn origin existent results, show oregon achievements to beryllium materially antithetic from those expressed oregon implied by specified forward-looking statements, including but not constricted to the hazard that the Company’s assumptions connected which its forward-looking statements are based whitethorn not beryllium accurate; the inability to receive, successful a timely mode and connected satisfactory terms, the indispensable approvals for the transaction and different matters to beryllium considered astatine the gathering of shareholders of the Company; the inability to satisfy, successful a timely manner, each different conditions to the completion of the transaction; and the hazard factors disclosed successful the Company’s periodic reports publically filed and disposable connected its SEDAR+ illustration astatine www.sedarplus.ca. No assurance tin beryllium fixed that immoderate of the events anticipated by the forward-looking statements volition transpire oregon occur. There is nary assurance that the projected transaction volition beryllium completed successful accordance with its presumption oregon astatine all.

The forward-looking statements contained successful this quality merchandise are made arsenic of the day of this announcement and the Company does not undertake immoderate work to update specified forward-looking statements, whether arsenic a effect of caller information, aboriginal events oregon otherwise, but arsenic expressly required by applicable law.