MISSISSAUGA, ON, May 9, 2017 /CNW/ - Temple Hotels Inc. ("Temple")
(TSX: TPH) today announced the results of matters voted on at its
annual and special shareholders' meeting held on May 8, 2017 (the "Meeting"), which included the
election of directors of Temple, all of the nominees listed in its
management information circular dated March
21, 2017. The voting results for each of the matters
presented at the Meeting are presented below.
The total number of common shares represented by shareholders
present in person or by proxy at the meeting was 114,405,773
representing 75.45% of Temple's outstanding common shares.
1. Election of Directors
The five (5) nominees proposed by management were elected as
directors of Temple to hold office until the termination of the
next annual meeting of shareholders or until their successors are
duly elected or appointed, subject to the provisions of Temple's
by-laws. Proxies were received on this matter as follows:
Name
|
Votes
For
|
%
|
Votes
Withheld
|
%
|
Brent
McLean
|
113,841,590
|
99.57
|
488,948
|
0.43
|
David J.
Nunn
|
113,845,860
|
99.58
|
484,678
|
0.42
|
Chris J.
Cahill
|
113,888,976
|
99.61
|
441,562
|
0.39
|
K. Rai
Sahi
|
112,205,964
|
99.14
|
2,124,574
|
1.86
|
Peter
Aghar
|
113,840,824
|
99.57
|
489,714
|
0.43
|
2. Appointment of Auditors
The firm of Scarrow & Donald LLP was appointed as auditor of
Temple to hold office until the close of the next annual meeting of
the shareholders or until their successors are duly appointed, and
to authorize the directors to fix the remuneration of the
auditor. Proxies were received on this matter as follows:
Votes
For
|
%
|
Votes
Withheld
|
%
|
114,205,385
|
99.83
|
192,096
|
0.17
|
3. Change of Registered Office
The adoption of a special resolution authorizing the Corporation
to apply for a Certificate of Amendment under the Canada
Business Corporations Act to amend the articles of
incorporation of the Corporation to change the province in
Canada where the Corporation's
registered office is to be situated from Manitoba to Ontario.
Votes
For
|
%
|
Votes
Withheld
|
%
|
114,173,415
|
99.86
|
157,123
|
0.14
|
4. Consolidation of Common Shares
The adoption of a special resolution authorizing the Corporation
to apply for a Certificate of Amendment under the Canada Business
Corporations Act to amend the articles of incorporation of the
Corporation to consolidate the issued and outstanding Common Shares
on the basis set out in the management information circular dated
March 21, 2017.
Votes
For
|
%
|
Votes
Withheld
|
%
|
113,928,927
|
99.59
|
468,554
|
0.41
|
Temple is a growth oriented hotel investment company with hotel
properties located across Canada.
Temple is listed on the Toronto Stock Exchange under the symbols
TPH (common shares), TPH.DB.D, TPH.DB.E and TPH.DB.F (convertible
debentures). The primary long‑term investment objectives of the
Company are to yield stable and growing cash flows and to maximize
the long‑term share value of the Company through the active
management of its assets, accretive acquisitions, and the
performance of value‑added capital improvement programs on selected
properties, as deemed appropriate. For further information on
Temple, please visit our website at www.templehotels.ca.
This press release contains certain statements regarding the
assignment of the asset management which may constitute
forward-looking information. The forward-looking information is
subject to certain risks and uncertainties, which could result in
actual events or results differing materially from the
forward-looking statements.
SOURCE Temple Hotels Inc.