5N Plus held its Annual Meeting of Shareholders

MONTREAL, May 5, 2016 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), the leading producer of specialty metal and chemical products, held its Annual and Special Meeting of Shareholders yesterday in Montreal, Quebec. Over 68,641,807 shares (81.74% of outstanding common shares) were represented in person or by proxy at the meeting. As part of the formal proceedings, the Company's shareholders elected the Board of Directors, approved the appointment of PricewaterhouseCoopers LLP as auditors of the Company and approved the Company's new RSU & PSU plan.

The complete voting results from the meeting are as follows:

ELECTION OF DIRECTORS

The Board of Directors fixed at six the number of directors of the Company to be elected at the meeting. Each of the six nominees listed in the Management Information Circular was elected as a director of 5N Plus. All of the nominee directors were already members of the Board of Directors. Mr. Serge Vézina and Mr. Maarten de Leeuw did not stand for re-election at the meeting and we thank them for their contribution to the Company throughout the last year. Subsequent to the meeting, the directors re-appointed Mr. Luc Bertrand as Chairman of the Board of Directors of the Company.

 

Nominee

Votes For

% For

Votes Withheld

% Withheld

Arjang J. (AJ) Roshan

67,527,221

98.67

910,158

1.33

Jean-Marie Bourassa

67,525,656

98.67

911,723

1.33

Jennie S. Hwang

67,478,021

98.60

959,358

1.40

James T. Fahey

67,523,721

98.66

913,658

1.34

Nathalie Le Prohon

67,489,171

98.61

948,208

1.39

Luc Bertrand

66,511,316

97.19

1,926,063

2.81

 

APPOINTMENT OF AUDITORS

PricewaterhouseCoopers LLP, Chartered Professional Accountants, were reappointed as auditors of 5N Plus until the close of the next annual general shareholders' meeting, and the directors were authorized to fix the remuneration of the auditors.

 

Votes For

% For

Votes Withheld

% Withheld

67,737,857

98.68

903,950

1.32

 

RSU & PSU Plan

The Company's shareholders approved its new RSU & PSU plan (the "Plan"). Under the Plan, the Company can issue up to 5 million common shares to its employees, officers and executives to settle grants of restricted share units ("RSUs") and performance share units ("PSUs"). The 1,245,000 RSUs and 500,000 PSUs already issued under the Plan were also approved.

 

Votes For

% For

Votes Against

% Against

62,644,870

91.54

5,792,509

8.46

 

About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical products.  Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia.  5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications.  Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers.  Many of these are critical precursors and key enablers in markets such as solar, light-emitting diodes and eco-friendly materials.

Forward-Looking Statements and Disclaimer
This press release may contain forward-looking information within the meaning of applicable securities laws.  All information and statements other than statements of historical facts contained in this press release are forward-looking information.  Such statements and information may be identified by words such as "about", "approximately", "may", "believes", "expects", "will", "intends", "should", "plans", "predicts", "potential", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof or other comparable terminology.  Forward-looking statements are based on the best estimates available to 5N Plus at this time and involve known and unknown risks, uncertainties and other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  A description of the risks affecting 5N Plus' business and activities appears under the heading "Risk and Uncertainties" of 5N Plus' 2015 MD&A dated February 23, 2016 and notes 11 and 12 of the unaudited condensed interim consolidated financial statements for the three-month periods ended March 31, 2016 and 2015, available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that 5N Plus will derive therefrom.  In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-looking information contained in this press release is made as of the date hereof and 5N Plus undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.  The reader is warned against placing undue reliance on these forward-looking statements.

 

SOURCE 5N Plus Inc.

For further information: Jean Mayer, Vice President, Legal Affairs and Corporate Secretary, 5N Plus Inc., (514) 856-0644 x6178, invest@5nplus.com

RELATED LINKS
http://www.5nplus.com

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