Aecon announces results of vote for the election of directors

TORONTO, June 30, 2017 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that the nominees listed in the Management Information Circular dated May 30, 2017 were elected as directors of Aecon Group Inc., to hold office until the next Annual Meeting of Shareholders or until their successors are appointed.

The advisory resolution to accept management's approach to executive compensation as disclosed in the Corporation's Management Information Circular dated May 30, 2017 and the appointment of PricewaterhouseCoopers LLP as the auditors of the Corporation to hold office until the close of the next Annual Meeting of Shareholders of the Corporation, were also announced.

The detailed results of the vote are as follows:

Name of Nominee

Votes in Favour

%

Against

Votes Withheld

%

John M. Beck

32,800,362

99.70%


100,146

0.30%

Michael A. Butt

30,986,883

94.18%


1,913,625

5.82%

Joseph A. Carrabba

30,929,785

94.01%


1,970,723

5.99%

Anthony P. Franceschini

31,552,334

95.90%


1,348,174

4.10%

J.D. Hole

32,802,469

99.70%


98,039

0.30%

Susan Wolburgh Jenah

32,638,006

99.20%


262,502

0.80%

Eric Rosenfeld

27,748,538

84.34%


5,151,970

15.66%

Monica Sloan

32,513,626

98.82%


386,882

1.18%

The Hon. Brian V. Tobin, P.C., O.C.

32,579,677

99.02%


320,831

0.98%

Advance Notice By-Law

32,069,616

97.56%

802,564


2.44%

Appointment of Auditors

32,150,312

97.40%


857,654

2.60%

Say-on-Pay Resolution

26,002,687

79.03%

6,897,621


20.97%

 

The final voting results on all matters voted on at the annual shareholders meeting held on June 29, 2017, have been posted on the Corporation's SEDAR profile at www.sedar.com and on the Corporation's website at www.aecon.com.

Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development.  Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. Aecon is also pleased to be consistently recognized as one of the Best Employers in Canada. For more information, please visit www.aecon.com and follow us on Twitter at @AeconGroup.

The information in this press release includes certain forward-looking statements. These "forward-looking" statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.  In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to: the timing of projects, unanticipated costs and expenses, general market and industry conditions and operational and reputational risks, including Large Project Risk and Contractual Factors. Readers are referred to the specific risk factors relating to and affecting Aecon's business and operations as filed by Aecon pursuant to applicable securities laws.  Forward-looking statements may include, without limitation, statements regarding the operations, business, performance, prospects, strategies and outlook for Aecon.  Forward-looking statements, may in some cases be identified by words such as "will," "plans," "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Aecon Group Inc.

For further information: Media Relations: Nicole Court, (416) 297-2600 x3824, ncourt@aecon.com; Investor Relations: Stephen King, 416 297 2600 x3825, sking@aecon.com

RELATED LINKS
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