Newfoundland Capital Corporation Limited Announces Voting Results of the May 10, 2017 Annual General Meeting

DARTMOUTH, NS, May 11, 2017 /CNW/ - Newfoundland Capital Corporation Limited (the "Company") announced today the voting results of the Company's annual general meeting of shareholders on May 10, 2017.

Item Voted Upon

Resolution to appoint the directors of the Company. On a show of hands, each of the seven nominees set forth in the Company's 2017 Management Information Circular was elected as a director of the Company. In compliance with TSX rules following are the detailed proxy tabulations for the appointment of directors:

 

Nominee

For

%

Withhold

%

Voting Result

Michael C. MacDonald

55,624,768

99.27

410,920

0.73

Passed

Allen F. MacPhee

55,623,868

99.27

411,820

0.73

Passed

David I. Matheson

55,623,868

99.27

411,820

0.73

Passed

Harry R Steele

55,624,950

99.27

410,738

0.73

Passed

John R. Steele

55,624,868

99.27

410,820

0.73

Passed

Robert G. Steele

55,625,288

99.27

410,400

0.73

Passed

Donald J. Warr

55,623,868

99.27

411,820

0.73

Passed

 

Item Voted Upon

Resolution for the appointment of Ernst & Young LLP as auditors of the Company and authorization to the directors of the Company to fix their remuneration. On a show of hands, the resolution passed.  Following are the detailed proxy tabulations for the appointment of auditors:

 


For

%

Withhold

%

Voting Result

Appointment of Auditors

56,032,288

99.99

3,300

0.01

Passed

 

Item Voted Upon

Resolution approving the extension of the expiry date of executive stock options held by the Chairman of the Board of Directors. On a ballot, the resolution passed. Following are the detailed proxy tabulations for the extension of the expiry date of options held by the Chairman:

 


For

%

Against

%

Voting Result

Extension of Chairman's options

1,970,681

79.79

499,178

20.21

Passed

 

Item Voted Upon

Resolution approving the extension of the expiry date of executive stock options held by the President and Chief Executive Officer, the Chief Financial Officer and Corporate Secretary, and certain members of the Board of Directors. On a show of hands, the resolution passed. Following are the detailed proxy tabulations for the extension of the expiry date of options held by certain executives and directors:

 


For

%

Against

%

Voting Result

Extension of options

55,536,848

99.11

498,840

0.89

Passed

 

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 95 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

 

SOURCE Newfoundland Capital Corporation Limited

For further information: REF: Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 8 Basinview Drive, Dartmouth, Nova Scotia B3B 1G4, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: investorrelations@ncc.ca, Web: www.ncc.ca

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