The stock of Echelon Holdings Inc (OTCPINK: EGFHF) closed up 89.13% to $2.4020 in the last trading session. A total of 2.30K shares changed hands during the session, as Echelon stock fluctuated between $2.4020 and $2.8800. In reaction to reports that the annual meeting and special shareholder meeting would take place on a different date, EGFHF stock rose.
When are the meetings scheduled?
Echelon, which was founded in 1998, is a provider of personal and commercial lines insurance in Canada, exclusively through brokers. The Insurance Company of Prince Edward Island distributes insurance products on behalf of EGFHF. After receiving approval from shareholders on December 11, 2020, EGFHF changed its name from Echelon Financial Holdings Inc. to EFH Holdings Inc.
Last week, Echelon announced that its annual general meeting and special shareholder meeting will take place on July 15, 2021 at 11:00 a.m. The EGFHF had originally planned to hold its annual general meeting on June 15, 2021.
A special shareholder meeting is scheduled for EGFHF shareholders in order to consider whether to change the name of the organization from EFH Holdings Inc. to ICPEI Holdings Inc. EGFHF has set June 8, 2021 as the record date to determine which shareholders are entitled to receive notice of and to vote at the Meeting.
How will EGFHF conduct the meeting?
Echelon (EGFHF) will hold the Meeting in a virtual only format. EGFHF’s Management Information Circular and Notice of Meeting, which will be mailed to shareholders and filed on June 18, 2021, will include instructions for participating in the virtual Meeting.