Profound Medical Annual General Meeting of Shareholders Voting Results

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (TSX: PRN; NASDAQ: PROF) (“Profound” or the “Company”) is pleased to announce the voting results from its Annual General Meeting of Shareholders that was held today (the “Meeting”). A total of 15,336,388 common shares, representing 62.78% of the common shares outstanding, were represented in person and by proxy at the Meeting.

All of the matters put forward before the shareholders, as set out in the Company’s management information circular dated April 5, 2024 (the “Information Circular”), were approved by the requisite majority of votes cast at the Meeting.

Election of Directors

At the meeting, the shareholders of the Company elected all six nominees for the board of directors (the “Board”). Detailed results of the voting in respect of the election of directors are as follows:

Nominee	For	% For	Withheld	% Withheld
Arun Menawat	8,836,391	97.776%	201,026	2.224%
Brian Ellacott	8,881,011	98.269%	156,406	1.731%
Cynthia Lavoie	8,938,041	98.9%	99,376	1.1%
Murielle Lortie	8,822,641	97.623%	214,776	2.377%
Arthur Rosenthal	8,880,511	98.264%	156,906	1.736%
Kris Shah	8,881,011	98.269%	156,406	1.731%

Other Matters

The Company’s shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor for the Company to hold office until the close of the next annual meeting or until its successor is duly appointed, at such remuneration as may be determined by the board of directors. Detailed voting results for all resolutions will be posted under the Company’s profile at www.sedarplus.ca.

About Profound Medical Corp.

Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue.

Profound is commercializing TULSA-PRO, a technology that combines real-time MRI, robotically-driven transurethral ultrasound and closed-loop temperature feedback control. TULSA-PRO is designed to provide customizable and predictable radiation-free ablation of a surgeon-defined prostate volume while actively protecting the urethra and rectum to help preserve the patient’s natural functional abilities. TULSA-PRO has the potential to be a flexible technology in customizable prostate ablation, including intermediate stage cancer, localized radio-recurrent cancer, retention and hematuria palliation in locally advanced prostate cancer, and the transition zone in large volume benign prostatic hyperplasia (“BPH”). TULSA-PRO is CE marked, Health Canada approved, and 510(k) cleared by the U.S. Food and Drug Administration (“FDA”).