EDMONTON, ALBERTA--(Marketwired - May 8, 2015) - Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (TSX:LIQ) held its Annual Meeting of Shareholders on May 8, 2015, in Edmonton. A total of 8,478,735 shares, representing approximately 31.08% of common shares, were represented in person or by proxy at the meeting.
During the regular business proceedings at the meeting, shareholders approved the resolutions below:
1. Fixing Number of Directors
The number of directors was fixed at nine (9) by a show of hands.
2. Election of Directors
The nine nominees set forth in Liquor Stores' information circular (the "Circular") dated April 6, 2015 were elected as directors of Liquor Stores by a majority of votes cast by ballot. Liquor Stores' shareholders present in person or represented by proxy at the meeting voted as follows:
| Nominee |
|
Votes For |
% of Votes Cast For (rounded) |
Withheld |
% of Votes Cast Against (rounded) |
| Stephen Bebis |
|
8,099,474 |
98.76 |
101,944 |
1.24 |
| Henry Bereznicki |
|
7,467,003 |
91.05 |
734,415 |
8.95 |
| Gary Collins |
|
7,915,358 |
96.51 |
286,060 |
3.49 |
| Jim Dinning |
|
8,098,819 |
98.75 |
102,599 |
1.25 |
| Susan Doniz |
|
7,989,985 |
97.42 |
211,433 |
2.58 |
| Robert S. Green |
|
8,051,989 |
98.18 |
149,429 |
1.82 |
| Peter L. Lynch |
|
7,922,376 |
96.60 |
279,042 |
3.40 |
| David Margolus |
|
7,303,987 |
89.06 |
897,431 |
10.94 |
| Henry (Harry) P. Taylor |
|
7,917,941 |
96.54 |
283,477 |
3.46 |
3. Appointment of Auditors
This resolution appointing PricewaterhouseCoopers LLP, Chartered Accountants, to serve as auditors of Liquor Stores until the next annual meeting or until their successor is appointed, at a remuneration to be fixed by the Board of Directors was approved by a show of hands.
4. Approval of the 5 Year Term of the Performance Awards Granted to Certain Executives
This resolution approving the 5 year term of the performance awards granted to certain executives was approved by a vote, conducted by ballot as follows:
| Votes For |
% of Votes Cast For (rounded) |
|
Votes Against |
% of Votes Cast Against (rounded) |
| 7,991,439 |
97.44 |
|
209,979 |
2.56 |
5. Confirmation of the Advanced Notice By-law.
This resolution confirming the Advanced Notice By-law of Liquor Stores was approved by a vote, conducted by ballot as follows:
| Votes For |
% of Votes Cast For (rounded) |
|
Votes Against |
% of Votes Cast Against (rounded) |
| 4,896,990 |
59.71 |
|
3,304,428 |
40.29 |
ABOUT LIQUOR STORES N.A. LTD.
The Company operates 246 retail liquor stores in Alberta, British Columbia, Alaska and Kentucky. Liquor Stores' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (175 stores); Liquor Depot and Liquor Barn in British Columbia (35 stores); Brown Jug in Alaska (23 stores); and Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (13 stores). The Company's common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "LIQ" and "LIQ.DB.A", respectively.
Additional information about Liquor Stores N.A. Ltd. is available at www.sedar.com and the Company's website at www.liquorstoresna.com.