Village Farms International, Inc. Reports Voting Results from Annual and Special Meeting of Shareholders

TRADING SYMBOL: The Toronto Stock Exchange:
Village Farms International, Inc. – VFF

VANCOUVER, June 25, 2015 /CNW/ - Village Farms International, Inc. (the "Company") (TSX: VFF) announced the outcome of the shareholder votes at the Annual and Special Meeting of Shareholders of the Company (the "Meeting") held in Delta, British Columbia on June 24, 2015.  The detailed results are as follows.

At the Meeting, there were shareholders present in person or by proxy holding 19,385,176 common shares, representing 50.1% of the Company's issued and outstanding common shares. The following is a summary of the votes cast by the common shareholders of the Company represented by proxy at the Meeting.

1.     Appointment of Auditor

PricewaterhouseCoopers LLP was appointed auditor of the Company to hold office until the next Annual Meeting of Shareholders and the directors were authorized to fix the auditor's remuneration.

Proxy Votes For

Proxy % For

Proxy Votes Withheld

Proxy % Withheld

19,055,212

98.30%

329,964

1.70%

2.      Election of Directors

The following persons were elected as directors of the Company to hold office until the next Annual Meeting of Shareholders or until his successor is elected or appointed. 

Nominee

Proxy Votes For

Proxy %

For

Proxy Votes

Withheld

Proxy %

Withheld

John R. McLernon

13,622,576

92.78%

1,060,635

7.22%

Christopher C. Woodward

13,436,876

91.51%

1,246,335

8.49%

John P. Henry

12,985,976

88.44%

1,697,235

11.56%

David Holewinski

13,260,076

90.31%

1,423,135

9.69%

Michael A. DeGiglio

13,628,076

92.81%

1,055,135

7.19%

Stephen C. Ruffini

13,628,076

92.81%

1,055,135

7.19%

3.      Confirmation of By-Law No. 3

The Company's By-Law No. 3 was approved and confirmed by shareholders. 

Proxy Votes For

Proxy % For

Proxy Votes Against

Proxy % Against

11,378,198

77.49%

3,305,013

22.51%

4.      Approval of Compensation Plan  

The renewal of the Company's Equity Compensation Plan was approved by shareholders.

Proxy Votes For

Proxy % For

Proxy Votes Against

Proxy % Against

12,273,863

83.59%

2,409,348

16.41%

About Village Farms

Village Farms is one of the largest producers, marketers, and distributors of premium-quality, greenhouse-grown fruits and vegetables in North America.  The food our farmers grow, along with other greenhouse farmers under exclusive arrangements are all grown in environmentally friendly, soil-less, glass greenhouses.  The Village Farms® brand of fruits and vegetables is marketed and distributed primarily to local retail grocers and dedicated fresh food distributors throughout the United States and Canada.  Since its inception, Village Farms has been guided by sustainability principles that enable us to grow food 365 days a year that not only feeds the growing population but is healthier for people and the planet.  Natural resource efficiencies such as water conservation and renewable energy optimizing cogeneration are all part of our clean technology model of farming. Village Farms is Good for the Earth® and good for you.

SOURCE Village Farms International, Inc.

For further information: Stephen C. Ruffini, Executive Vice President and Chief Financial Officer, Village Farms International, Inc., (407) 936-1190 ext 340


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