Northland Power Reports on the 2018 Annual General Meeting
TORONTO, May 23, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX:NPI) today announced the results of the election of Directors at its Annual General Meeting (“the Meeting”) held on May 23, 2018 in Toronto, Ontario.
The total number of voting shares represented by shareholders present in person and by proxy at the Meeting was 127,123,880, representing 72.2% 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.
113,943,003
89.70
%
13,086,095
10.30
%
The Right Honourable John N. Turner, Q.C.
124,906,898
98.33
%
2,122,200
1.67
%
Dr. Marie Bountrogianni
118,135,709
93.00
%
8,893,389
7.00
%
John W. Brace
124,249,024
97.81
%
2,780,074
2.19
%
Linda L. Bertoldi
102,557,214
80.74
%
24,471,884
19.26
%
Barry Gilmour
125,942,245
99.14
%
1,086,853
0.86
%
Russell Goodman
125,368,064
98.69
%
1,661,034
1.31
%
The Appointment of Ernst & Young LLP to serve as the independent auditors of Northland, and setting of their remuneration, until the next annual meeting was approved by a show of hands. Proxies were received as follows:
Votes For
Percent
Withheld
Percent
125,347,129
98.60%
1,776,751
1.40%
Northland’s approach to executive compensation was accepted by a show of hands. Proxies were received as follows:
Votes For
Percent
Against
Percent
125,676,579
98.94%
1,351,819
1.06%
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 2,029 MW of operating generating capacity and 252 MW of generating capacity under construction, representing the Deutsche Bucht offshore wind project, in addition to the 300 MW (net 180 MW) of grid capacity allocated to the Hai Long 2 offshore wind project. Northland’s cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.
Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.
For further information contact: Barb Bokla, Manager, Investor Relations, 647-288-1438 investorrelations@northlandpower.com www.northlandpower.com