Newport Announces Election of Directors
December 06 2019 - 12:56PM
PR Newswire (Canada)
Trading Symbol: NWX (TSX-V)
VANCOUVER, Dec. 6, 2019 /CNW/ - Newport Exploration Ltd
("Newport" or "the Company") is pleased to announce that the
nominees listed in the management information circular for the 2019
Annual General Meeting ("AGM") of Shareholders were elected as
directors of Newport. A total of 55,801,210 common shares or
53.43 per cent of Newport's issued
and outstanding common shares were voted in connection with the
AGM. The detailed results are set out in the table.
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Ian Rozier
|
54,303,050
|
97.32
|
1,498,160
|
2.68
|
Barbara
Dunfield
|
54,303,050
|
97.32
|
1,498,160
|
2.68
|
Merfyn
Roberts
|
55,670,050
|
99.76
|
131,160
|
0.24
|
James
Robertson
|
54,330,550
|
97.36
|
1,470,660
|
2.64
|
These AGM results indicate strong support for the management and
Board of Directors of the Company and for the current management
strategy of allocating capital to shareholders through dividends;
to date, the Company has paid out more than 85% of all royalty
receipts. As previously reported (Company News Release dated
3rd December, 2019), the Company is in the process of
reviewing its dividend policy going forward.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the accuracy or
adequacy of this news release.
SOURCE Newport Exploration Ltd.
Copyright 2019 Canada NewsWire
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