OverActive Media Announces Results of Voting at Annual and Special Meeting of Shareholders

June 27, 2023 (TORONTO, ONTARIO) – OverActive Media (“OverActive” or the “Company”) (TSXV: OAM) (OTCQB: OAMCF), a global sports, media and entertainment company for today’s generation of fans, today announced the results of voting at its annual and special meeting of shareholders held on June 27, 2023 (the “Meeting”).

Each of the seven nominees listed in the management information circular dated May 26, 2023 (the “Circular”) prepared in connection with the Meeting were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting as set out below:

Nominee

Votes For

% of Votes For

Votes Withheld

% of Votes Withheld

Sheldon Pollack

24,424,017

98.35%

410,174

1.65%

Michael Kimel

24,714,165

99.52%

120,026

0.48%

Jeffrey Kimel

24,456,017

98.48%

378,174

1.52%

Christina Bianco

24,424,017

98.35%

410,174

1.65%

Stewart Johnston

24,681,965

99.39%

152,226

0.61%

Jamie Firsten

24,691,765

99.43%

142,426

0.57%

Wende Cartwright

24,681,965

99.39%

152,226

0.61%

The resolution of disinterested shareholders approving the participation of insiders in a proposed exchange of up to 5,906,111 of the Company’s currently outstanding stock options for restricted share units of the Company, as more fully described in the Circular, was passed by 96.95%% of the votes represented at the Meeting.

In addition, an ordinary resolution approving the appointment of KPMG LLP as the Company’s auditors for the 2023 fiscal year was passed by 99.87% of the votes represented at the Meeting.


Leah Gaucher

Director, Marketing & Communications, OverActive Media

Babak Pedram

Investor Relations, Virtus Advisory Group Inc.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

 

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About OverActive Media

OverActive Media (TSXV: OAM) is headquartered in Toronto, Ontario, with operations in Madrid, Spain and Berlin, Germany. OverActive’s mandate is to build an integrated global company delivering sports, media and entertainment products for today’s generation of fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. OverActive owns team franchises in professional esports leagues including (i) the Call of Duty League, operating as the Toronto Ultra, and (ii) the League of Legends European Championship (“LEC”), operating as the MAD Lions. OverActive also leads OAM Live, an events arm that produces both live and online events.