Northland Power Reports on the 2014 Annual General Meeting
May 21 2014 - 4:11PM
Marketwired
Northland Power Reports on the 2014 Annual General Meeting
TORONTO, ONTARIO--(Marketwired - May 21, 2014) - Northland Power
Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A)(TSX:NPI.DB.B)
today announced the results of the election of directors at its
Annual General Meeting ("the Meeting") held on May 21, 2014 in
Toronto, Ontario.
The total number of voting shares represented by shareholders
present in person and by proxy at the meeting was 94,041,677,
representing 64.16% of Northland's outstanding voting shares.
The seven nominees proposed by management for election as
directors were elected by a show of hands. Proxies were received as
follows:
|
Nominee |
Votes For |
Percent |
Withheld |
Percent |
|
James C. Temerty, C.M. |
82,294,435 |
87.77% |
11,468,693 |
12.23% |
|
The Right Honourable John N. Turner, Q.C. |
93,649,484 |
99.88% |
113,644 |
0.12% |
|
Dr. Marie Bountrogianni |
93,698,748 |
99.93% |
64,380 |
0.07% |
|
V. Peter Harder |
92,536,712 |
98.69% |
1,226,416 |
1.31% |
|
Linda L. Bertoldi |
83,133,074 |
88.66% |
10,630,054 |
11.34% |
|
Barry Gilmour (New Director) |
93,713,670 |
99.95% |
49,458 |
0.05% |
|
Russell Goodman (New Director) |
93,702,536 |
99.94% |
60,592 |
0.06% |
"The addition of Barry and Russell to our Board enhances an
already strong group of directors," said James Temerty, Chairman of
Northland Power's Board of Directors. "The collective experience
and expertise of Northland's Board will serve the company well as
we continue to execute our vigorous growth strategy while
maintaining our attractive dividend."
The Appointment of Ernst & Young LLP to serve as the
independent auditors of Northland until the next annual meeting was
approved by a show of hands. Proxies were received as follows:
|
Votes For |
Percent |
Withheld |
Percent |
|
93,903,140 |
99.85% |
138,537 |
0.15% |
ABOUT
NORTHLAND
Northland is an independent power producer founded in 1987,
and publicly traded since 1997. Northland develops, builds, owns
and operates facilities that produce 'clean' (natural gas) and
'green' (wind, solar, and hydro) energy, providing sustainable
long-term value to shareholders, stakeholders, and host
communities.
The company owns or has a net economic interest in 1,379 MW
of operating generating capacity, with an additional 50 MW of
generating capacity currently in construction, and another 750 MW
(439 MW net to Northland) of wind and solar projects with awarded
power contracts. The above includes Northland's majority equity
stake in Gemini, a 600 MW (360 MW net to Northland) offshore wind
project in the North Sea. Northland's cash flows are diversified
over five geographically separate regions and regulatory
jurisdictions in Canada, Europe and the United States.
Northland's common shares, Series 1 and Series 3 preferred
shares and convertible debentures trade on the Toronto Stock
Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.A and
NPI.DB.B, respectively.
Northland Power Inc.Barb BoklaManager, Investor
Relations647-288-1438(416)
962-6266investorrelations@northlandpower.caNorthland Power Inc.Adam
BeaumontDirector of Finance647-288-1929(416)
962-6266investorrelations@northlandpower.cawww.northlandpower.ca
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