TORONTO, May 8, 2020 /CNW/ - Hydro One Limited (Hydro
One) (TSX: H), in accordance with Toronto Stock Exchange
requirements, announced the voting results from its virtual Annual
Meeting of Shareholders (AGM) held on May 8,
2020.
A total of 496,414,358 shares representing 83.14% of Hydro One's
issued and outstanding common shares were voted in connection with
the meeting. Shareholders voted in favour of all items of business
put forth at the meeting as follows:
Election of Directors:
Each of the 10 director
nominees listed in the information circular for the 2020 AGM were
elected as directors of Hydro One to serve until the next annual
meeting of shareholders of the company or until their successors
are elected or appointed:
Director
|
Votes For
(percent)
|
Votes Withheld
(percent)
|
Cherie
Brant
|
99.92%
|
0.08%
|
Blair
Cowper-Smith
|
99.91%
|
0.09%
|
David Hay
|
99.92%
|
0.08%
|
Timothy
Hodgson
|
99.91%
|
0.09%
|
Jessica
McDonald
|
99.85%
|
0.15%
|
Mark
Poweska
|
99.92%
|
0.08%
|
Russel
Robertson
|
99.22%
|
0.78%
|
William
Sheffield
|
99.92%
|
0.08%
|
Melissa
Sonberg
|
99.92%
|
0.08%
|
Susan Wolburgh
Jenah
|
99.92%
|
0.08%
|
Appointment of External Auditors:
KPMG LLP was appointed as Hydro One's external auditors for the
ensuing year and the directors were authorized to fix their
remuneration:
Votes For
(percent)
|
Votes Withheld
(percent)
|
99.91%
|
0.09%
|
Advisory Resolution on Approach to Executive
Compensation:
The advisory resolution on the company's approach to executive
compensation was approved:
Votes For
(percent)
|
Votes Against
(percent)
|
98.08%
|
1.92%
|
About Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries,
is Ontario's largest electricity transmission and
distribution provider with approximately 1.4 million valued
customers, approximately $27.1 billion in assets as
at December 31, 2019, and annual revenues in 2019 of
approximately $6.5 billion. Our team of approximately 8,800
skilled and dedicated employees proudly build and maintain a safe
and reliable electricity system, which is essential to supporting
strong and successful communities. In 2019, Hydro One invested
approximately $1.7 billion in its transmission and
distribution networks and supported the economy through buying
approximately $1.5 billion of goods and services. We are
committed to the communities where we live and work through
community investment, sustainability and diversity initiatives. We
are designated as a Sustainable Electricity Company by the Canadian
Electricity Association. Hydro One Limited's common shares are
listed on the TSX and certain of Hydro One Inc.'s medium term notes
are listed on the NYSE. Additional information can be accessed
at www.HydroOne.com; www.sedar.com or www.sec.gov.
For More Information
For more information about everything Hydro One, please visit
www.HydroOne.com where you can find additional information
including links to securities filings, historical financial
reports, and information about our governance practices, corporate
social responsibility, customer solutions, and further information
about our business.
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SOURCE Hydro One Inc.