Roy Chan, Chief Executive Officer of i-Tail PCL, said, "The strong participation and voting results demonstrate overwhelming shareholder support for the transaction and confidence in i-Tail's excess cash management strategy. We would like to thank all our shareholders for their trust and support as we continue to manage excess cash prudently, optimize capital deployment and create long-term value, while maintaining financial flexibility. We remain committed to conducting our business with transparency, good governance and a clear focus on protecting the long-term interests of all our shareholders."The transaction is expected to optimize returns from i-Tail's excess cash while maintaining sufficient liquidity to support normal business operations and future investment opportunities. Under the approved terms, the facility includes safeguards designed to protect the interests of i-Tail and shareholders, including limits on the amount that can be lent, i-Tail's ability to recall funds, and regular review of the recall option by disinterested directors.
