Report of Voting Results
Submitted Pursuant to
Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations
In accordance with Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, this report describes the matters voted upon and the outcome of the votes at the annual general meeting of shareholders of ImmunoPrecise Antibodies Ltd. (the "Corporation") held on November 14, 2024, via live webcast (the "Meeting"). Each of the matters is described in greater detail in the Corporation's management information circular dated October 14, 2024 (the "Circular").
(a)The number of directors was set at four. The following are the voting results on this matter:
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FOR | % FOR | AGAINST | % AGAINST |
Number of Directors 10,999,231 | 81.01% | 2,578,940 | 18.99% |
(b)In the Circular, management of the Corporation proposed four nominees for election as directors of the Corporation for the ensuing year or until their successors are duly elected or appointed. The Corporation’s majority voting policy stipulates that any director nominee who receives more votes withheld than in favor must tender their resignation to the board. In this instance, Barry A. Springer did not achieve the required majority and, in accordance with the policy, submitted his resignation following the meeting. The board is now considering this resignation and will announce its decision within 90 days of the resignation, as per the company's governance guidelines. The following are the voting results on this matter:
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| FOR | % FOR | WITHHELD | % WITHHELD |
Jennifer L. Bath | 7,841,725 | 66.87% | 3,885,466 | 33.13% |
Chris Buyse | 9,251,399 | 78.89% | 2,475,791 | 21.11% |
Barry A. Springer | 5,850,192 | 49.89% | 5,876,998 | 50.11% |
Dirk Witters | 8,528,076 | 72.72% | 3,199,114 | 27.28% |
(c)Grant Thornton LLP was reappointed as the Corporation's auditors and the directors were authorized to fix the remuneration to be paid to the auditors. The following are the voting results on this matter:
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| FOR | % FOR | WITHHELD | % WITHHELD |
Reappointment of Auditors | 12,184,321 | 89.73% | 1,393,851 | 10.27% |
Dated this 15th day of November 2024.
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IMMUNOPRECISE ANTIBODIES LTD. |
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By: | /s/ Kristin Taylor |
Name: | Kristin Taylor |
Title: | Chief Financial Officer |