Consolidated Water Adjourns AGM for Director Vote

Consolidated Water Co. Ltd. (NASDAQ: CWCO) has announced a partial adjournment of its 2024 annual general meeting of shareholders. The meeting, which was scheduled for and convened on May 28, 2024, has been adjourned for the purpose of soliciting additional votes with respect to the proposal to vote on the election of eight director nominees.

A quorum was present at the annual meeting, and proposal 2, which was the advisory vote on executive compensation, as well as proposal 3, the ratification of the appointment of Marcum LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, received the requisite votes for approval.

The annual meeting will be reconvened solely with respect to proposal 1 on June 24, 2024. The reconvened meeting will take place at the office of Aquilex, Inc., a wholly-owned subsidiary of the company, located at 5810 Coral Ridge Drive, Suite 220, Coral Springs, FL 33076.

The record date for determination of shareholders entitled to vote at the reconvened annual meeting remains the close of business on March 28, 2024. Shareholders as of the close of business on that date are encouraged to vote “for all” directors as soon as possible. Shareholders who previously voted to “withhold” their vote on proposal 1 may change that vote simply by voting again today.

Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs, and operates seawater desalination facilities in the Cayman Islands, the Bahamas, and the British Virgin Islands, and designs, constructs, and operates water treatment and reuse facilities in the United States. The company has recently entered the U.S. desalination market with a contract to design, construct, operate, and maintain a seawater desalination plant in Hawaii. The company also manufactures and services a wide range of products and provides design, engineering, management, operating, and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment. The market has reacted to these announcements by moving the company's shares 0.6% to a price of $27.1. Check out the company's full 8-K submission here.

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