Echelon Insurance Announces Election of Directors

TORONTO, May 6, 2016 /CNW/ - Echelon Financial Holdings Inc. ("Echelon") (TSX: EFH) today announced the voting results for the election of its board of directors at its annual general meeting of shareholders.

All nine nominees listed in Echelon's management information circular dated March 10, 2016, were elected as directors.  The detailed results of the vote held at its annual general meeting of shareholders on May 5, 2016, are set out below.

NAME

VOTES IN FAVOUR

%

VOTES WITHHELD

%

Peter Crawford

8,074,414

99.31%

55,916

0.69%

Ani Hotoyan-Joly

8,083,306

99.42%

47,024

0.58%

Serge Lavoie

8,120,180

99.88%

10,150

0.12%

Andrew Pastor

8,125,053

99.94%

5,277

0.06%

Robert Purves

6,047,932

74.39%

2,082,398

25.61%

Sharon Ranson

8,126,078

99.95%

4,252

0.05%

Brian Reeve

8,118,980

99.86%

11,350

0.14%

Angus Ross

8,128,578

99.98%

1,752

0.02%

Murray Wallace

8,128,578

99.98%

1,752

0.02%

The resolutions to re-appoint PricewaterhouseCoopers LLP as the auditors of the Corporation, to approve the increase in the number of securities issuable under the Corporation's Executive Share Unit Plan and to approve amendments to By-law No. 1 were each carried.

Mr. Purves, Chairman of the Board, thanked the departing directors, Steve Dobronyi and Carol Poulsen, for their valuable contributions during their service as director.

About Echelon Financial Holdings Inc.

Founded in 1997, Echelon operates in the property and casualty insurance industry in Canada and Europe, primarily focusing on non-standard automobile insurance and other specialty P&C insurance products. The Company operates and distributes insurance products through Echelon Insurance, The Insurance Company of Prince Edward Island and Qudos Insurance. It trades on the Toronto Stock Exchange under the symbol EFH. For more information, please visit echeloninsurance.ca.

SOURCE Echelon Financial Holdings Inc.

For further information: Kathy Shulman, Manager, Investor Relations; 905-214-7880; ir@echeloninsurance.ca

RELATED LINKS
http://www.echeloninsurance.ca/

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