MONTREAL, May 3,
2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the
"Company") (TSX: MTY), franchisor and operator of multiple concepts
of restaurants, is pleased to announce that all matters set out in
the management information circular dated March 28, 2019 for the 2019 Annual General and
Special Meeting of Shareholders held on Thursday May 2, 2019 (the ''Meeting'') were
approved by shareholders. Over 17,939,622 shares were voted
representing 71.27% of the outstanding shares of the Company.
The following seven nominees were re-elected as directors of
MTY. The detailed results of the vote for the election of directors
are set out below:
|
# Votes
For
|
% Votes
For
|
# Votes
Withheld
|
% Votes
Withheld
|
|
Murat
Armutlu
|
16,485,516
|
92.76%
|
1,286,775
|
7.24%
|
|
Stanley Ma
|
14,463,273
|
81.38%
|
3,309,510
|
18.62%
|
|
Dickie Orr
|
16,645,479
|
93.66%
|
1,127,304
|
6.34%
|
|
Claude
St-Pierre
|
13,887,144
|
78.14%
|
3,885,639
|
21.86%
|
|
David K.
Wong
|
16,599,645
|
93.40%
|
1,173,138
|
6.60%
|
|
Gary
O'Connor
|
16,612,031
|
93.47%
|
1,160,752
|
6.53%
|
|
Eric
Lefebvre
|
15,286,296
|
86.01%
|
2,486,487
|
13.99%
|
The Company's shareholders also approved the appointment of
PricewaterhouseCoopers, LLP, Chartered Professional Accountants, as
Auditor of the Company for the fiscal year ending November 30, 2019.
Furthermore, the Company's shareholders ratified and confirmed
the adoption of an advance notice by-law. The Advance Notice By-Law
fixes a deadline by which holders of record of shares must submit,
in writing, nominations for directors to the Corporate Secretary of
MTY prior to any annual or special meeting of Shareholders and sets
forth the proper form that such nominations must follow in order to
be effective. To be timely, the nominations must be made: (i) in
the case of an annual meeting of Shareholders, not less than 30
days prior to the date of the annual meeting of Shareholders;
provided, however, that in the event the annual meeting of
shareholders is to be held on a date that is less than 50 days
after the date (the "Notice Date") on which the first public
announcement of the date of the annual meeting was made, notice by
the Nominating Shareholder may be made not later than the close of
business on the 10th day following the Notice Date; and (ii) in the
case of a special meeting (which is not also an annual meeting) of
Shareholders called for the purpose of electing directors (whether
or not called for other purposes), not later than the close of
business on the 15th day following the day on which the first
public announcement of the date of the special meeting of
shareholders was made.
Each of the matters voted at the Meeting is discussed in detail
in the Company's Management Information Circular dated March 28, 2019. These can be found on SEDAR at
www.sedar.com under the Company's profile for public filings. Final
voting results on all matters voted at the Meeting will be filed on
SEDAR at www.sedar.com under the Company's profile for public
filings.
The Board of Directors re-elected Mr. Stanley Ma, as Chairman of the Board and
President of the Company, Mr. Eric
Lefebvre as CEO of the Company, Ms. Claude St-Pierre as Secretary of the Company and
Mrs. Renée St-Onge as CFO of the Company. Mr. Dickie Orr, Mr.
David Wong, Mr. Murat Armutlu and Mr. Gary O'Connor were re-elected as members of the
Company's Audit Committee. Mr. Gary
O'Connor was elected as Chairman of the Audit Committee.
Certain information in this News Release may constitute
"forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors which
may cause the actual results, performance or achievements of the
Company or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. When used in this News Release,
this information may include words such as "anticipate",
"estimate", "may", "will", "expect", "believe", "plan" and other
terminology. This information reflects current expectations
regarding future events and operating performance and speaks only
as of the date of this News Release. Except as required by law, we
assume no obligation to update or revise forward-looking
information to reflect new events or circumstances. Additional
information is available in the Company's Management Discussion and
Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food
Group Inc.
_____________________________________
Eric Lefebvre, CEO
SOURCE MTY Food Group Inc.