EFH Holdings Inc. Reports Appointment of Ken Coulson as General Counsel

TORONTO, June 9, 2021 /CNW/ - EFH Holdings Inc. ("EFH" or the "Company") (TSXV: EFH) Board of Directors is pleased to announce that Ken Coulson has been appointed as the Company's General Counsel and Corporate Secretary.  Mr. Coulson, called to the Ontario bar in 1989, re-joins the Company after a two year hiatus.  As a senior officer of the Company, Mr. Coulson's compensation includes a grant of 42,000 Restricted Share Units ("RSUs"), made pursuant to the Company's Share Unit Plan for Eligible Employees.  Each RSU is exercisable into one common share of the Company upon vesting. The RSUs will vest in three equal installments on the anniversary of the date of grant.  Serge Lavoie, Chief Executive Officer of EFH, said "We are very pleased that Ken has re-joined the EFH team.  With his experience and background, Ken is a very welcome addition to EFH's management team."

Forward-looking Information

This news release contains forward-looking information based on current expectations. This information includes, but is not limited to, statements about the timing of the Company's annual and special general meeting of shareholders and the preparation of the accompanying information circular. These statements, which appear in this press release generally can be identified by the use of forward-looking words such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "plan", "would", "should", "could", "trend", "predict", "likely", "potential" or "continue" or the negative thereof and similar variations, and include the proposed date of the Meeting, the proposed record date, the format of the Meeting and the date of filing and content of the Meeting Materials. This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a projection as reflected in the forward-looking information. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific. A variety of material factors, many of which are beyond EFH's control, affect the operations, performance and results of its business and could cause actual results to differ materially from the expectations expressed in any of this forward-looking information.

About EFH Holdings Inc.

Founded in 1998, EFH Holdings Inc. operates in the property and casualty insurance industry in Canada, providing personal and commercial lines insurance exclusively through the broker channel. The Company distributes insurance products through The Insurance Company of Prince Edward Island. The Company's name was changed from Echelon Financial Holdings Inc. to EFH Holdings Inc. after receiving approval from shareholders on December 11, 2020. It trades on the TSX Venture Exchange under the symbol EFH and prior to December 23, 2020 it traded on the Toronto Stock Exchange. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE EFH Holdings Inc.