Northland Power Reports on the 2023 Annual Meeting
May 18 2023 - 4:15PM
Northland Power Inc. (“
Northland” or the
“
Company”) (TSX: NPI) today announced the results
of the election of Directors at its Annual Meeting (“the Meeting”)
held on May 18, 2023, in a virtual-only meeting format.
The total number of voting shares represented by
shareholders present electronically and by proxy at the Meeting was
162,537,272, representing 64.51% of Northland’s outstanding voting
shares.
The nine nominees proposed by Management for
election as Directors were elected. Information on each of the
Director Nominees is contained in Northland’s Management
Information Circular dated April 10, 2023, which is available on
the company’s website at northlandpower.com
The votes received were as follows:
Nominee |
Votes For |
Percent |
Withheld |
Percent |
John W. Brace |
155,959,763 |
96.45% |
5,735,227 |
3.55% |
Linda L. Bertoldi |
160,960,170 |
99.55% |
734,820 |
0.45% |
Lisa Colnett |
155,010,377 |
95.87% |
6,684,613 |
4.13% |
Kevin Glass |
155,153,311 |
95.95% |
6,541,679 |
4.05% |
Russell Goodman |
159,031,490 |
98.35% |
2,663,500 |
1.65% |
Keith Halbert |
159,079,349 |
98.38% |
2,615,641 |
1.62% |
Helen Mallovy Hicks |
157,615,564 |
97.48% |
4,079,426 |
2.52% |
Ian Pearce |
141,525,062 |
87.53% |
20,169,928 |
12.47% |
Eckhardt Ruemmler |
156,963,864 |
97.07% |
4,731,126 |
2.93% |
The Board of Directors accordingly fixed the
number of Directors to be elected at nine and the election
proceeded on that basis.
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. Votes received were as follows:
Votes For |
Percent |
Withheld |
Percent |
124,573,674 |
76.64% |
37,963,598 |
23.36% |
Northland’s approach to executive compensation
was accepted. Votes received were as follows:
Votes For |
Percent |
Against |
Percent |
153,769,199 |
95.10% |
7,925,190 |
4.90% |
ABOUT NORTHLAND POWER
Northland Power is a global power producer
dedicated to helping the clean energy transition by producing
electricity from clean renewable resources. Founded in 1987,
Northland has a long history of developing, building, owning and
operating clean and green power infrastructure assets and is a
global leader in offshore wind. In addition, Northland owns and
manages a diversified generation mix including onshore renewables,
efficient natural gas energy, as well as supplying energy through a
regulated utility.
Headquartered in Toronto, Canada, with global
offices in eight countries, Northland owns or has an economic
interest in 3.0 GW (net 2.6 GW) of operating capacity. The Company
also has a significant inventory of projects in construction and in
various stages of development encompassing over 20 GW of potential
capacity.
Publicly traded since 1997, Northland's common shares, Series 1
and Series 2 preferred shares trade on the Toronto Stock Exchange
under the symbols NPI, NPI.PR.A and NPI.PR.B, respectively.
For further information, please
contact:
Mr. Wassem Khalil, Senior Director, Investor
Relations647-288-1019investorrelations@northlandpower.comnorthlandpower.com
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