CUC Announced Voting Results for the Election of Directors

CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE.

Grand Cayman, Cayman Islands, July 28, 2015 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U) ("CUC" or "the Company") announced that the nominees listed in the Company's Notice to Shareholders and Management Information Circular dated March 13, 2015 were elected as Directors of CUC at the Company's Annual Meeting of Shareholders held on May 12, 2015 in Grand Cayman, Cayman Islands.

Election of Directors

The following nominees were elected to serve as directors of CUC until the next annual meeting of the Company or until their successors are elected or appointed. Notwithstanding that the motions were passed by a show of hands vote at the meeting, the votes recorded by proxy in advance of the meeting were as follows:

 

Nominees

Votes For

Votes Withheld

Mr. J. Bryan Bothwell

18,097,422

99.85%

26,337

0.15%

Mrs. Sheree Ebanks

18,095,222

99.84%

28,537

0.16%

Mr. Woodrow Foster

18,083,505

99.78%

40,254

0.22%

Mr. J.F. Richard Hew

18,095,522

99.84%

28,237

0.16%

Mr. Joseph A. Imparato

18,095,754

99.85%

28,005

0.15%

Mr. Earl. A. Ludlow

17,988,670

99.25%

135,089

0.75%

Mr. Frederick O'Brien

18,095,112

99.84%

28,647

0.16%

Mr. Eddinton M. Powell

17,985,632

99.24%

138,127

0.76%

Mr. David E. Ritch

18,097,822

99.86%

25,937

0.14%

Mr. Peter A. Thomson

18,090,574

99.82%

33,185

0.18%

Mr. Lynn R. Young

18,085,805

99.79%

37,954

0.21%

CUC provides electricity to Grand Cayman, Cayman Islands, under a non-exclusive Electricity Generation Licence expiring in 2039 and an exclusive Electricity Transmission and Distribution Licence expiring in 2028.  Further information is available at www.cuc-cayman.com.

Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on occasion, includes forward-looking statements in its media releases, Canadian securities regulatory authorities filings, shareholder reports and other communications. Forward-looking statements include statements that are predictive in nature, depend upon future events or conditions, or include words such as "expects", "anticipates", "plan", "believes", "estimates", "intends", "targets", "projects", "forecasts", "schedule", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could".  Forward-looking statements are based on underlying assumptions and management's beliefs, estimates and opinions, and are subject to certain risks and uncertainties surrounding future expectations generally that may cause actual results to vary from plans, targets and estimates. Such risks and uncertainties include but are not limited to operational, general economic, market and business conditions, regulatory developments and weather conditions. CUC cautions readers that actual results may vary significantly from those expected should certain risks or uncertainties materialize or should underlying assumptions prove incorrect.  Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future.  Readers are cautioned that such information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

SOURCE Caribbean Utilities Company, Ltd.

For further information: Letitia Lawrence, Vice-President Finance & C.F.O., Phone: (345) 949-5200, Fax: (345) 949-4621

RELATED LINKS
http://www.cuc-cayman.com

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