published: June 29, 2017
VANCOUVER, BC – Westport Fuel Systems Inc. (TSX:WPRT / Nasdaq:WPRT) held its Annual General Meeting of Shareholders ("the Meeting") on Wednesday, June 28th in Kitchener, Ontario. Shareholders approved all resolutions presented including the election of all nominated directors.
Directors elected by shareholders are:
In addition, resolutions included the appointment of KPMG LLP as Westport Fuel Systems auditors (97 % in favour).
The resolutions are fully described in the Management Information Circular related to the Meeting, which can be found in the Financials section of the Westport Fuel Systems website. For further insight into our corporate policies and practices, visit the Corporate Governance section of the Westport Fuel Systems website.
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and suppliers of advanced clean-burning fuel systems and components that can change the way the world moves. Our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders
Enhanced Liquidity and Continued Execution on Stated Goals
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.