This year, due to global public health concerns regarding the COVID-19 pandemic, we will be holding our Annual Shareholders’ Meeting in a virtual-only format, via live audio webcast. Our intention is to mitigate the risks to our shareholders, employees and other stakeholders and to ensure all shareholders have an equal opportunity to participate at the meeting regardless of their location or constraints. There will be no physical attendance at the meeting.
Toromont has been active in managing its business and workforce through this rapidly changing environment. We started by activating our
While our businesses have been declared essential in all circumstances requiring such a designation to date, we are not insulated from the broader economic, financial and market impacts of COVID-19. Temporary closures of certain mine sites and construction projects, as well as the impact of the health crisis on the global economies and financial markets, are expected have at least a temporary impact on our business, operations and financial condition. Toromont enters this situation in a strong financial position. The collective management and leadership teams continue to monitor the situation closely and are implementing responsible measures to manage and protect the long term health of the business.
Shareholders and other interested parties can attend the Annual Shareholders’ Meeting virtually by going to https://web.lumiagm.com/154118689 (password "toromont2020"). Detailed instructions about how registered and beneficial shareholders may vote their shares and participate at the meeting are included in Company’s Notice of Meeting and Management Information Circular and related proxy materials, which will be available at www.sedar.com and on our website at www.toromont.com. Proxy forms or voting instruction forms are also being distributed to shareholders, which will include instructions about how to access the meeting and vote their shares. Registered shareholders and duly appointed proxyholders (including beneficial shareholders who appoint themselves as proxyholders) who participate at the meeting will be able to listen to the meeting, ask questions and vote, all in real time, provided they are connected to the Internet. Guests, including non-registered shareholders who do not appoint themselves as proxyholder, can log in to the meeting and listen.
For more information contact:
Executive Vice President and Chief Financial Officer
T: (416) 514-4790
Source: Toromont Industries Ltd.
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