VersaBank (the “Bank”) today announced its upcoming annual general meeting of shareholders (the “Meeting”) to be held on Wednesday, April 22, 2020, at 10:30 a.m., will be live webcast. As the Bank’s by-laws do not permit an entirely “virtual” annual meeting, the Bank will still be conducting the Meeting at a physical location (see change in the location below); however, given the public safety concerns associated with the coronavirus (COVID-19) pandemic, shareholders are strongly encouraged to attend via the live webcast. In addition, to facilitate virtual attendance, shareholders are strongly encouraged to vote in advance via one of the methods described below.
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The Bank also announced that the physical location of the Meeting has been changed from the TMX Broadcast Centre in Toronto to the VersaBank Innovation Centre of Excellence, 1979 Otter Place, London, Ontario, N5V 0A3.
Advanced Proxy Voting Instructions
Shareholders (registered and non-registered) are reminded that votes can be cast in advance through one of the following channels, which are described in greater detail in the proxy materials, previously distributed:
To Vote by Mail:
- Return the Form of Proxy to the Bank’s transfer agent, Computershare Trust Company of Canada (“Computershare”), 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1
To Vote by Fax:
- Forward the Form of Proxy to 1-866-249-7775 or 1-416-263-9524
To Vote Using the Internet:
- Visit www.investorvote.com
Please note that the Meeting will not be an entirely “virtual” meeting, meaning shareholders attending electronically will not be able to vote at or during the Meeting and must submit their advanced proxy voting instructions to Computershare, no later than 10:30 a.m. on April 20, 2020. Proxy materials previously distributed to shareholders will not be updated to reflect the change in location and may continue to be used to vote individual shares in connection with the Meeting.
David Taylor, President and CEO, stated, “our digital Bank was uniquely designed to embrace the future taking full advantage of emerging technologies. We require minimal staff who can seamlessly work from remote locations. VersaBank is not only well equipped to deal with COVID-19 challenges, but to thrive and continue to capitalize on new opportunities afforded by our unique positioning as a Schedule I bank with the flexibility and capability to benefit from lucrative niches. I look forward to speaking with you on the conference call (and webcast) following the formal portion of our meeting.”
A link to the webcast and conference line will be posted on VersaBank’s website, closer to the event, at www.versabank.com/investor-relations/shareholder-meetings.
Amended Notice of Meeting
An Amended Notice of Meeting has been filed on SEDAR (www.sedar.com) and is available for shareholders to download.
VersaBank adopted an electronic B2B branchless model in 1993, becoming the world’s first branchless financial institution. It holds a Canadian Schedule I chartered bank licence and obtains its deposits, and most of its loans and leases, electronically. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.