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Kovo+ Holdings: Navigating the Digital Tide for Shareholder Engagement

Wesley ParkThursday, Nov 28, 2024 4:10 pm ET
4min read
Kovo+ Holdings Inc. (TSXV: KOVO) recently announced the availability of meeting materials for its upcoming annual general and special meeting, adapting to the ongoing Canada Post labour strike. This shift towards electronic distribution highlights the company's commitment to ensuring shareholder participation and engagement in an ever-evolving digital landscape.

The Canada Post labour strike has necessitated alternative provisions for Kovo+'s annual general and special meeting. Traditionally, meeting materials are distributed via Canada Post. However, the strike has led to the meeting materials being accessible online through SEDAR+ (www.sedarplus.ca) and Kovo+'s website (www.kovo.co/agm). This change in distribution method ensures shareholders can still access critical information and participate in the meeting, despite the disruption in mail delivery.

Kovo+ has taken a proactive approach in mitigating the impact of the labour strike on the distribution of Meeting Materials. The company encourages Registered Shareholders to access the Meeting Materials electronically, including the notice of meeting, management information circular, and form of proxy. This alternative method allows shareholders to review and vote on the Meeting Materials without relying on Canada Post. Additionally, registered shareholders can request copies of the Meeting Materials delivered via email by contacting Computershare Trust Company of Canada, Kovo+'s registrar and transfer agent.

The shift towards electronic distribution of meeting materials has become increasingly common in recent years, facilitated by the COVID-19 pandemic. According to a study by Broadridge Financial Solutions, the number of shareholders voting electronically increased by 28% between 2019 and 2021, with 74% of votes cast electronically in 2021. This trend has been driven by the desire for convenience, accessibility, and efficiency in shareholder engagement.



As Kovo+ Holdings Inc. continues to adapt to the digital age, it is essential for the company to strike a balance between modernity and accessibility. While electronic distribution offers numerous benefits, it is crucial not to disenfranchise shareholders who prefer traditional paper-based communications. By providing email delivery options upon request, Kovo+ ensures that all shareholders can participate in the meeting, regardless of their preferred communication method.

In conclusion, Kovo+ Holdings Inc.'s announcement of the availability of meeting materials for its upcoming annual general and special meeting underscores the company's commitment to shareholder engagement and adaptation to the digital age. By embracing electronic distribution and providing alternative options for shareholders, Kovo+ is well-positioned to navigate the digital tide and foster a more inclusive and connected shareholder experience. As the investment landscape continues to evolve, companies like Kovo+ that prioritize innovation and adaptability will be well-positioned to thrive in the long run.

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