Descartes Announces Results of Annual Shareholder Meeting

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WATERLOO, ON, June 15, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group Inc. on the voting results from its annual meeting of shareholders held on Thursday 15 June 2023 (“interview“).

The results of the meeting

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The following matters, as set out in more detail in the Management Information Circular dated May 10, 2023, were considered and voted upon by the shareholders at the meeting:

general

The total number of Ordinary Shares of the Company represented in person or by proxy at the meeting was 75,061,434 which is 88.23% of the 85,078,029 Ordinary Shares of the Company that were outstanding on May 2, 2023

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Election of the members of the Board of Directors
Based on a vote by ballot, each of the following ten candidates proposed by the management of the Foundation was elected as the Director of the Foundation:

Director candidate No. of
votes for
percent
the number of votes
to
No. of
votes
against
percent
the number of votes
against
Deepak Chopra 72901775 97.89% 1,573,563 2.11%
Deborah Close 72785597 97.73% 1,689,744 2.27%
Eric Demerian 71,530,973 96.05% 2,944,368 3.95%
Sandra Huntington 73,566,240 98.78% 909101 1.22%
Kelly Irwin 73,563,137 98.78% 912204 1.22%
Dennis Mabel 73,078,315 98.12% 1,397,026 1.88%
Chris Montwiler 72975296 97.99% 1,500,046 2.01%
Jane O’Hagan 72934259 97.93% 1,541,082 2.07%
Edward Ryan 73,563,634 98.78% 910707 1.22%
John Walker 72467017 97.30% 2,008,325 2.70%

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Appointment of auditors

In a vote by ballot, KPMG LLP, Certified Professional Accountants and Licensed Certified Public Accountants are appointed as the Corporation’s auditors until the next annual meeting of shareholders or until their successors are appointed.

No. of
votes for
proportion of
votes for
No. of
votes
with Held
percentage of votes
with Held
74,960,046 99.88% 89,544 0.12%

Amending the shareholder rights plan

On the basis of voting by ballot, the resolution proposed by the management of the enterprise to make some amendments to the shareholder equity plan of the enterprise was approved:

No. of
votes for
proportion of
votes for
No. of
vote against
percentage of votes
against
73,568,932 98.78% 906409 1.22%

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Say-On-Pay

By a ballot vote, the Say-On-Pay resolution proposed by the management of the institution was approved.

No. of
votes for
proportion of
votes for
No. of
vote against
percentage of the total
vote against
70,668,885 94.89% 3,806,456 5.11%

About Descartes

Descartes (NASDAQ: DSGX) (TSX: DSG) is a leading global provider of on-demand SaaS solutions focused on improving productivity, performance and security for logistics-intensive businesses. Customers use our modular and SaaS solutions to direct, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, review and pay transportation bills; access to global trade data; file customs and security documents for imports and exports; And complete many other logistics operations by participating in the world’s largest multi-modal collaborative logistics community. We are headquartered in Waterloo, Ontario, Canada with offices and associates all over the world. Learn more through www.descartes.comand contact us on linkedin And Twitter.

Descartes Investor Contact:

Laurie McCauley (519) 746-6114×202358
Investor@descartes.com

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