TORONTO, ON, Aug. 18, 2020 /CNW/ - Indigo Books &
Music Inc. (TSX: IDG), Canada's
largest book, gift and specialty toy retailer today held its Annual
Shareholders' Meeting and announced the voting results for its
board of directors.
The Company also notes that following the release of the
Indigo's first quarter results, Heather
Reisman, Indigo CEO, acquired additional shares in the
Company in open market transactions through a controlled
corporation. The Company confirms that this market activity
reflects Ms. Reisman's confidence in the Company's strategy.
"We'd like to thank our board of directors and shareholders for
their continued support of Indigo," said Heather Reisman, Indigo CEO. "Despite the
unparalleled challenges Indigo has faced in the past few months due
to the ongoing global pandemic, I believe our business will emerge
from the COVID-19 crisis stronger than ever, and is well-positioned
to drive long-term growth and value for our shareholders."
Board of Directors:
The total number of shares represented in person or by proxy at
the meeting was 21,313,802 representing 78.15% of Indigo's issued
and outstanding Common Shares. Shareholders voted in favour of all
items of business, including the election of each of the nine
nominee directors as shown below:
|
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Heather
Reisman
|
21,302,168
|
99.97%
|
7,130
|
0.03%
|
|
Frank
Clegg
|
21,295,126
|
99.93%
|
14,172
|
0.07%
|
|
Jonathan
Deitcher
|
21,296,658
|
99.94%
|
12,640
|
0.06%
|
|
Mitchell
Goldhar
|
21,300,158
|
99.96%
|
9,140
|
0.04%
|
|
Howard
Grosfield
|
21,295,258
|
99.93%
|
14,040
|
0.07%
|
|
Robert
Haft
|
19,889,282
|
93.34%
|
1,420,016
|
6.66%
|
|
Andrea
Johnson
|
21,302,258
|
99.97%
|
7,040
|
0.03%
|
|
Anne Marie
O'Donovan
|
21,300,758
|
99.96%
|
8,540
|
0.04%
|
|
Gerald
Schwartz
|
21,301,358
|
99.96%
|
7,940
|
0.04%
|
Final results on all matters voted at the Annual Meeting held on
August 18, 2020 are available under
Indigo's profile on SEDAR at sedar.com.
About Indigo Books &
Music Inc.
Indigo is a publicly traded Canadian company
listed on the Toronto Stock Exchange (IDG). Indigo's Cultural
Department Store™, is the world's first physical and
digital meeting place inspired by and filled with books, music,
art, ideas, and beautifully designed lifestyle products. Indigo
believes in real books, in living life fully and generously, in
being kind to each other and that stories – big and little –
connect us.
Indigo founded the Indigo Love of Reading Foundation in 2004 to
address the underfunding of public elementary school libraries.
Every year the Foundation provides grants to high-needs elementary
schools so they can transform their libraries with the purchase of
new books and educational resources. To date, the Foundation has
committed over $32 million to more
than 3,000 elementary schools, benefitting more than 1,000,000
students. Most recently in April
2020, in the wake of the COVID-19 pandemic and unprecedented
nation-wide school closures, the Foundation committed $1.0 million to provide books to families in
need. To learn more about Indigo, please visit the "Our Company"
section at indigo.ca.
SOURCE Indigo Books & Music
Inc.