Sprott Power shareholders approve name change
Sprott Power shareholders approve name change
2013-06-26 20:08 ET - News Release
Mr. Jeff Jenner reports
RENEWABLE ENERGY DEVELOPERS ANNOUNCES RESULTS OF 2013 MEETING OF SHAREHOLDERS
Sprott Power Corp. held its annual and special meeting today in Toronto, Ont., at which the shareholders approved the name change to Renewable Energy Developers Inc. On or about July 2, 2013, the common shares and convertible unsecured subordinated debentures of the company will begin trading on the Toronto Stock Exchange under the new symbols RDZ and RDZ.DB.
All other resolutions proposed in the management information circular dated May 30, 2013, for the meeting were approved. The results of the vote for the election of directors were as set out in the attached table.
DIRECTOR NOMINEE VOTING RESULTS
Director Number of votes Percentage of votes
For Withheld For Withheld
John Varghese 19,340,651 2,842,596 87% 13%
Finn Greflund 19,354,702 2,828,545 87% 13%
F. David Rounthwaite 19,330,557 2,852,696 87% 13%
David Kerr 21,398,096 785,151 96% 4%
Uwe Roeper 21,396,496 786,751 97% 3%
The shareholders reappointed Grant Thornton LLP, chartered accountants, as auditor of the company and approved the issuance of that number of common shares of the company as is required for the previously announced buyout of the management services agreement between the company and Sprott Power Consulting Limited Partnership. The formal report on voting results with respect to all matters voted upon at the meeting will be filed on SEDAR.
At the meeting, the chairman of the company also confirmed that the review process is continuing.