HALIFAX, May 3, 2013 /CNW/ - At the annual meeting of shareholders of Newfoundland Capital Corporation Limited held on May 1, 2013, voting was conducted by a show of hands because less than 0.03% of the votes represented at the meeting by proxy had instructions not to vote in favour of the proposed resolutions if a ballot was held. The proposed resolutions appointing directors and auditors were passed on a show of hands.
Approximately 98.5% of the votes represented at the meeting were represented by proxy. Those proxies were directed to vote as follows if a ballot was held at the meeting:
|1.||Resolution to appoint the directors of the Company, being:|
|1.Harry R. Steele||99.97%||0.03%|
|2.Robert G. Steele||99.98%||0.02%|
|3.David I. Matheson||99.99%||0.01%|
|4.Michael C. MacDonald||99.99%||0.01%|
|5.Allen F. MacPhee||99.99%||0.01%|
|6.Donald J. Warr||99.98%||0.02%|
|2.||Resolution for the appointment of Ernst & Young LLP, chartered accountants as auditors of the Company and authorization to the directors of the Company to fix their remuneration.||99.99%||0.01%|
About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 86 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: Robert G. Steele, President and Chief Executive Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: email@example.com, Web: www.ncc.ca