USA, Idaho: U.S. Geothermal Shareholders Vote for Merger With Ormat

U.S. Geothermal Shareholders Vote Overwhelmingly for Merger With Ormat (News Release)

At the special meeting of shareholders of U.S. Geothermal Inc. held on April 19, 2018, the shareholders of the company:

1. adopted and approved the Agreement and Plan of Merger entered into on January 24, 2018, among U.S. Geothermal, Ormat and OGP Holding, and the transaction contemplated by the merger agreement, pursuant to which U.S. Geothermal would become a wholly owned subsidiary of Ormat; 
2. approved the proposal to adjourn the special meeting, if necessary or appropriate, to solicit additional proxies to adopt and approve the merger agreement; and 
3. approved on an advisory basis the compensation that may be paid or become payable to the Company’s named executive officers as a result of the merger.

13,236,961 shareholders voted for the merger with Ormat, 715,398 against.

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