CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF)
(“CIBT Group”) reports the voting results of the election of
directors at its annual general meeting held today pertaining to the
fiscal year ended August 31, 2013, as required by Toronto Stock
Exchange. All of the director nominees, as listed in the management
information circular dated November 29, 2013, were elected. Voting as to
each of the director nominees was as follows:
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Votes in Favour
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Votes Withheld
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Toby Chu
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88.88%
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11.12%
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Tony David
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100%
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0%
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Derek Feng
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100%
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0%
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David Hsu
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100%
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0%
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Troy Rice
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100%
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0%
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Shane Weir
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88.9%
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11.10%
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The results of the other matters voted upon by shareholders are reported
in the Report of Voting Results filed today on SEDAR.
CIBT Group also reports that shareholders approved the alteration of its
articles to include advance notice provisions relating to the nomination
of individuals for election of directors. These provisions are designed
to (i) facilitate orderly and efficient shareholder meetings at which
directors are to be elected; (ii) ensure that all shareholders,
including those participating in a shareholders’ meeting by proxy rather
than in person, receive adequate notice of all director nominations and
sufficient information with respect to all nominees; and (iii) allow
shareholders to register an informed vote.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on
the global education market since 1994. Listed in Canada on the Toronto
Stock Exchange and in the U.S. on the OTCQX International, CIBT Group
owns and operates a network of business, technical and language colleges
in North America and Asia. CIBT Group offers cooperative joint
programmes in 12 countries with campuses, recruitment offices and
training centers enrolling over 5,000 students annually. Its education
business is operated through Sprott Shaw College (established in 1903),
Acsenda School of Management, CIBT School of Business China, and A‐Plus
Education Centers in China. Through these subsidiaries, CIBT Group
offers Western and Chinese accredited business and management degrees,
programmes in college preparation, healthcare, hotel management and
tourism, English language training, English Teacher Certifications,
junior and high school preparation programmes for overseas study, and
other career/vocational training. CIBT Group also owns Irix Design
Group, a leading design and advertising company based in Vancouver,
Canada, Global Career Center (“GCC”), Global Education Alliance (“GEA”)
and Global Education City Holdings Inc (“GEC”). GCC is a job placement
call center located in the Philippines dedicated to providing employment
services to CIBT Group graduates for free throughout their careers. GEA
recruits international students for many elite kindergarten, primary,
secondary schools and universities in North America. GEC is an
investment holding and management company with a special focus on
education related real estate projects in Canada. Visit us online at www.cibt.net.
ON BEHALF OF THE BOARD OF DIRECTORS
“Toby Chu”
Toby Chu
Vice-Chairman, President & CEO
Investor Relations Contact: N. America Toll Free: 1-888-865-0901 Email: info@cibt.net
Copyright Business Wire 2014