Temple Hotels Inc. Announces Voting Results from the 2017 Annual and Special Meeting of Shareholders

MISSISSAUGA, ON, May 9, 2017 /CNW/ - Temple Hotels Inc. ("Temple") (TSX: TPH) today announced the results of matters voted on at its annual and special shareholders' meeting held on May 8, 2017 (the "Meeting"), which included the election of directors of Temple, all of the nominees listed in its management information circular dated March 21, 2017.  The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 114,405,773 representing 75.45% of Temple's outstanding common shares.

1. Election of Directors

The five (5) nominees proposed by management were elected as directors of Temple to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of Temple's by-laws.  Proxies were received on this matter as follows:

Name

Votes For

%

Votes Withheld

%

Brent McLean

113,841,590

99.57

488,948

0.43

David J. Nunn

113,845,860

99.58

484,678

0.42

Chris J. Cahill

113,888,976

99.61

441,562

0.39

K. Rai Sahi

112,205,964

99.14

2,124,574

1.86

Peter Aghar

113,840,824

99.57

489,714

0.43

 

2. Appointment of Auditors

The firm of Scarrow & Donald LLP was appointed as auditor of Temple to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor.  Proxies were received on this matter as follows:

Votes For

%

Votes Withheld

%

114,205,385

99.83

192,096

0.17

 

3. Change of Registered Office

The adoption of a special resolution authorizing the Corporation to apply for a Certificate of Amendment under the Canada Business Corporations Act to amend the articles of incorporation of the Corporation to change the province in Canada where the Corporation's registered office is to be situated from Manitoba to Ontario.

Votes For

%

Votes Withheld

%

114,173,415

99.86

157,123

0.14

 

4. Consolidation of Common Shares

The adoption of a special resolution authorizing the Corporation to apply for a Certificate of Amendment under the Canada Business Corporations Act to amend the articles of incorporation of the Corporation to consolidate the issued and outstanding Common Shares on the basis set out in the management information circular dated March 21, 2017.

Votes For

%

Votes Withheld

%

113,928,927

99.59

468,554

0.41

 

Temple is a growth oriented hotel investment company with hotel properties located across Canada. Temple is listed on the Toronto Stock Exchange under the symbols TPH (common shares), TPH.DB.D, TPH.DB.E and TPH.DB.F (convertible debentures). The primary long‑term investment objectives of the Company are to yield stable and growing cash flows and to maximize the long‑term share value of the Company through the active management of its assets, accretive acquisitions, and the performance of value‑added capital improvement programs on selected properties, as deemed appropriate. For further information on Temple, please visit our website at www.templehotels.ca.

This press release contains certain statements regarding the assignment of the asset management which may constitute forward-looking information. The forward-looking information is subject to certain risks and uncertainties, which could result in actual events or results differing materially from the forward-looking statements.

SOURCE Temple Hotels Inc.

For further information: Paul Miatello, Chief Financial Officer, T 905-281-3800; Beverley G. Flynn, Vice President, T 905-281-3800

RELATED LINKS
http://templehotels.ca/

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