Intact Financial Corporation announces the results of the votes conducted at its 2017 Annual and Special Meeting of Shareholders

HALIFAX, May 3, 2017 /CNW/ - Intact Financial Corporation (TSX: IFC) announced the results of the votes conducted at its 2017 Annual and Special Meeting of Shareholders earlier today in Halifax, Nova Scotia.

1. Election of Directors

The nominees listed in its management proxy circular dated March 31, 2017 were elected as directors of Intact Financial Corporation. The detailed results of the vote are set out below.

Nominee

Votes
For

% Votes
For

Votes Withheld

% Votes
Withheld

Charles Brindamour

89,629,486

99.51%

442,142

0.49%

Robert W. Crispin

89,184,466

99.02%

887,162

0.98%

Janet De Silva

89,895,758

99.80%

175,870

0.20%

Claude Dussault

86,746,166

96.31%

3,325,462

3.69%

Robert G. Leary

89,983,637

99.90%

87,991

0.10%

Eileen Mercier

88,607,562

98.37%

1,464,066

1.63%

Sylvie Paquette

89,986,200

99.91%

85,428

0.09%

Timothy H. Penner

89,883,854

99.79%

187,774

0.21%

Louise Roy

89,243,090

99.08%

828,538

0.92%

Frederick Singer

89,801,425

99.70%

270,203

0.30%

Stephen G. Snyder

89,890,523

99.80%

181,105

0.20%

Carol Stephenson

88,918,934

98.72%

1,152,694

1.28%

 

2. Appointment of Ernst & Young LLP as Auditor

Ernst & Young LLP was appointed as auditor of Intact Financial Corporation. The detailed results of the vote are set out below.

Votes For

% Votes For

Votes Withheld

% Votes
Withheld

86,636,830

96.19%

3,434,798

3.81%

 

3. Resolution with respect to the Amended and Restated Shareholder Rights Plan

The resolution to confirm, ratify and approve the Amended and Restated Shareholder Rights Plan of Intact Financial Corporation described in the Company's management proxy circular dated March 31, 2017, as amended April 19, 2017, was accepted. The detailed results of the vote are set out below.

Votes For

% Votes For

Votes Against

% Votes
Against

76,787,880

85.25%

13,283,748

14.75%

 

4. Resolution with respect to adoption of By-law No. 2

The resolution to adopt By-law No. 2 of Intact Financial Corporation relating to Advance Notice for the nomination of Directors, as set out in the Company's management proxy circular dated March 31, 2017, as amended April 19, 2017, was accepted. The detailed results of the vote are set out below.

Votes For

% Votes For

Votes Against

% Votes
Against

76,400,164

84.82%

13,671,464

15.18%

 

5. Advisory Resolution on the Approach to Executive Compensation

The advisory resolution on the approach to executive compensation disclosed in the Company's management proxy circular dated March 31, 2017 was accepted. The detailed results of the vote are set out below.

Votes For

% Votes For

Votes Against

% Votes
Against

88,204,766

97.93%

1,866,662

2.07%

 

Amendments to Amended and Restated Shareholder Rights Plan and By-law No. 2

On April 19, 2017, the Board of Directors adopted amendments to the Amended and Restated Shareholder Rights Plan to reflect technical changes to defined terms "controlled", "Permitted Lock-up Agreement" and "Acting Jointly or in Concert" and related housekeeping changes. On the same date, the Board of Directors also adopted amendments to By-law No. 2 to limit the additional information which may be required to be furnished by a proposed director nominee to the information required to comply with the requirements of the Office of the Superintendent of Financial Institutions (Canada) relating to assessing the suitability of directors and potential changes to the board. These initiatives reflect the Board's commitment to best corporate governance practices.

The revised amendments were each confirmed by shareholders at the annual and special meeting.

About Intact Financial Corporation

Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty insurance in Canada with over $8.0 billion in annual premiums. Supported by over 12,000 employees, the Company insures more than five million individuals and businesses through its insurance subsidiaries and is the largest private sector provider of P&C insurance in British Columbia, Alberta, Ontario, Québec, Nova Scotia and Newfoundland & Labrador. The Company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.

SOURCE Intact Financial Corporation

For further information: Media Inquiries: Stephanie Sorensen, Director, External Communications, 416 344-8027, stephanie.sorensen@intact.net; Investor Inquiries: Samantha Cheung, Vice President, Investor Relations, 416 344-8004, samantha.cheung@intact.net

RELATED LINKS
http://www.intactcf.com

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