PotashCorp Announces Election of Directors

Symbol: POT
Listed: TSX, NYSE

SASKATOON, May 10, 2016 /CNW/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that the thirteen nominees listed in the management proxy circular for the 2016 Annual and Special Meeting of Shareholders were elected as directors of PotashCorp earlier today at the shareholder meeting held in Saskatoon,Saskatchewan. 

Detailed results of the vote for the election of directors held at the meeting are set out below.

Director

Votes For

% For

Votes Withheld(*)

% Withheld

Christopher M. Burley

493,360,405

97.80%

11,094,925

2.20%

Donald G. Chynoweth

462,147,239

91.61%

42,308,091

8.39%

John W. Estey

458,390,804

90.85%

46,164,526

9.15%

Gerald W. Grandey

492,909,693

97.71%

11,545,637

2.29%

C. Steven Hoffman

497,065,020

98.53%

7,390,310

1.47%

Alice D. Laberge

457,726,365

90.74%

46,729,965

9.26%

Consuelo E. Madere

500,139,671

99.14%

4,315,659

0.86%

Keith G. Martell

458,059,251

90.80%

46,396,079

9.20%

Jeffrey J. McCaig

456,266,701

90.45%

48,188,629

9.55%

Aaron W. Regent

497,056,337

98.53%

7,398,993

1.47%

Jochen E. Tilk

493,139,612

97.76%

11,315,718

2.24%

Elena Viyella de Paliza

469,988,242

93.17%

34,467,088

6.83%

Zoë A. Yujnovich

465,345,745

92.25%

39,109,585

7.75%

 

(*) Includes shares voted against by way of ballot

At the meeting, shareholders also voted: (i) to approve the appointment of Deloitte LLP as auditors of the company (97.56% voted in favor), (ii) to approve the adoption of PotashCorp's 2016 Long-Term Incentive Plan (80.49% voted in favor), (iii) to approve the advisory resolution accepting PotashCorp's approach to executive compensation (92.50% voted in favor), and (iv) against a shareholder proposal (68.36% voted against).

Full voting results on all matters voted on at the meeting will be filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. The company produces the three essential nutrients required to help farmers grow healthier, more abundant crops. With the global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. PotashCorp is the largest producer, by capacity, of potash and among the largest in nitrogen and phosphate. While agriculture is its primary market, the company also produces products for animal nutrition and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.

SOURCE Potash Corporation of Saskatchewan Inc.

For further information: Investors: Denita Stann, Senior Vice President, Investor and Public Relations, Phone: (306) 933-8521, Fax: (306) 933-8844, Email: ir@potashcorp.com; Media: Randy Burton, Director, Public Relations and Communications, Phone: (306) 933-8849, Fax: (306) 933-8844, Email: pr@potashcorp.com, Website: www.potashcorp.com

RELATED LINKS
http://www.potashcorp.com

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