- Foraco International SA (TSX: FAR) shareholders elected all director nominees with approval ratings above 93%.
- The highest approval was for Daniel Simoncini with 97.48% of the votes.
- A nil dividend was declared for the 2024 fiscal year by 99.96% shareholder approval.
Foraco International SA (TSX: FAR), a leader in global mineral drilling services, held its ordinary and extraordinary general meeting on April 17, 2025, in Lunel, France. The meeting saw a strong show of support for the director nominees with all being successfully elected.
Daniel Simoncini received the highest approval with 97.48%, followed by Bruno Chabas, Warren Holmes, and Jorge Hurtado each receiving 97.19%. Barreme Conseil SAS, represented by Jean-Pierre Charmensat, received the lowest approval at 93.56%, yet still maintained a strong majority.
In addition to electing directors, shareholders voted overwhelmingly, with a 99.96% majority, to declare a nil dividend for the fiscal year 2024, indicating that no dividend payout will be made to shareholders for that period.
Foraco continues to uphold its commitment to integrity, innovation, and involvement across its operations in 17 countries on five continents. Despite the decision on dividends, the company remains focused on its core services in mining and water projects.
