TORONTO and MARSEILLE, France, May
9, 2019 /CNW/ - Foraco International SA (TSX: FAR) (the
"Company" or "Foraco"), in accordance with Toronto Stock Exchange
("TSX") requirements, announced the voting results for the election
of its Board of Directors at the ordinary meeting of shareholders
of the Company held on May 7, 2019 in
Marseille, France (the "Meeting").
In accordance with French law, shareholders of the Company, when
voting in elections for directors, are given the option to vote
"for" or "against/abstain" for the director nominees, meaning that
it is not possible for nominees for directors to receive a majority
of "withhold" votes.
The director nominees, as listed in the Company's management
proxy circular, were elected as directors of the Company at the
Meeting. The proxy votes submitted for each director were as
follows:
Daniel Simoncini
|
Shareholders
|
PRESENT
|
POWERS
|
PROXIES
|
Total
votes
|
% of
votes
for
|
RESULT
Adopted
|
|
FOR
|
209,209
|
43,048,559
|
5,654,257
|
48,912,025
|
99.92%
|
Adopted
|
|
AGAINST
|
|
|
38,050
|
38,050
|
0.08%
|
|
|
Non
vote/spoiled
|
|
|
200
|
200
|
0
|
|
Jean-Pierre Charmensat
|
Shareholders
|
PRESENT
|
POWERS
|
PROXIES
|
Total
votes
|
% of
votes
for
|
RESULT
Adopted
|
|
FOR
|
209,209
|
43,048,559
|
5,654,257
|
48,912,025
|
99.92%
|
Adopted
|
|
AGAINST
|
|
|
38,050
|
38,050
|
0.08%
|
|
|
Non
vote/spoiled
|
|
|
200
|
200
|
0
|
|
Bruno Chabas
|
Shareholders
|
PRESENT
|
POWERS
|
PROXIES
|
Total
votes
|
% of
votes
for
|
RESULT
Adopted
|
|
FOR
|
209,209
|
43,048,559
|
5,443,537
|
48,701,305
|
99.49%
|
Adopted
|
|
AGAINST
|
|
|
248,770
|
248,770
|
0.51%
|
|
|
Non
vote/spoiled
|
|
|
200
|
200
|
0
|
|
Warren Holmes
|
Shareholders
|
PRESENT
|
POWERS
|
PROXIES
|
Total
votes
|
% of
votes
for
|
RESULT
Adopted
|
|
FOR
|
209,209
|
43,048,559
|
5,654,257
|
48,912,025
|
99.92%
|
Adopted
|
|
AGAINST
|
|
|
38,050
|
38,050
|
0.08%
|
|
|
Non
vote/spoiled
|
|
|
200
|
200
|
0
|
|
Jorge Hurtado
|
Shareholders
|
PRESENT
|
POWERS
|
PROXIES
|
Total
votes
|
% of
votes
for
|
RESULT
Adopted
|
|
FOR
|
209,209
|
43,048,559
|
5,654,257
|
48,912,025
|
99.92%
|
Adopted
|
|
AGAINST
|
|
|
38,050
|
38,050
|
0.08%
|
|
|
Non
vote/spoiled
|
|
|
200
|
200
|
0
|
|
In addition, the Meeting voted 99.98% in favour of the Company
declaring a nil dividend in connection with the allocation of
the Company's earnings (loss) for the 2018 fiscal year of
€(3,383,971).
The Company's statutory filings are available at
www.sedar.com.
About Foraco
Foraco International SA (TSX: FAR) is a leading global mineral
drilling services company that provides a comprehensive and
reliable service offering in mining and water projects. Supported
by its founding values of integrity, innovation and involvement,
Foraco has grown into the third largest global drilling enterprise
with a presence in 23 countries across five continents. For more
information about Foraco visit www.foraco.com or please
contact:
SOURCE Foraco International SA