Radisson Announces Results of its Annual and Special Meeting of Shareholders

Executive Summary

• Shareholders approved all agenda items at the Annual and Special Meeting of Shareholders, including director elections, auditor reappointment, Omnibus Plan reapproval, and adoption of a new Shareholder Rights Plan.
• Pierre Beaudoin was re-elected to the board and subsequently re-appointed as Chairperson of the Board of Directors.
• Post-AGM, the Board authorized the grant of equity incentives totaling 2,758,181 stock options, 381,976 RSUs, and 372,095 DSUs to directors, officers, employees, and consultants.

Key Details

• Voting Results: 189,311,186 votes represented, amounting to 43.62% of Class A shares issued and outstanding as of the record date.
• Directors Re-elected: Pierre Beaudoin, Lise Chénard, Michael Gentile, Michel Leclerc, Peter MacPhail, Matt Manson, Jeff Swinoga, and Cindy Valence.
• Board Leadership: Pierre Beaudoin re-appointed as Chairperson of the Board of Directors subsequent to the AGM.
• Auditor Appointment: Raymond Chabot Grant Thornton LLP re-appointed as independent auditor for 2026; Board authorized to fix auditor remuneration.
• Omnibus Equity Incentive Plan: Reapproved; establishes a rolling 10% share reserve for all awards (stock options, RSUs, PSUs, DSUs), capped at a maximum of 10% of issued and outstanding Common Shares at any time.
• Shareholder Rights Plan: Approved to replace the 2024 plan; designed to ensure fair treatment of shareholders in unsolicited takeover bids and provide the Board adequate time to evaluate proposals; remains subject to final TSX Venture Exchange acceptance.
• Stock Options Granted: 2,758,181 options authorized at an exercise price of $0.86 per share; 5-year exercise term; vesting schedule of one-third at grant date, one-third at first anniversary, and one-third at second anniversary.
• RSUs Granted: 381,976 RSUs authorized for officers; vesting schedule of one-third at first, second, and third anniversaries.
• DSUs Granted: 372,095 DSUs authorized for directors; vesting schedule of one-third at first anniversary.
• Grant Administration: All equity incentives granted in accordance with the reapproved Omnibus Plan.