TRADING SYMBOL: The Toronto Stock Exchange:
Village Farms International, Inc. – VFF
VANCOUVER, June 25, 2015 /CNW/ - Village Farms International, Inc. (the "Company") (TSX: VFF) announced the outcome of the shareholder votes at the Annual and Special Meeting of Shareholders of the Company (the "Meeting") held in Delta, British Columbia on June 24, 2015. The detailed results are as follows.
At the Meeting, there were shareholders present in person or by proxy holding 19,385,176 common shares, representing 50.1% of the Company's issued and outstanding common shares. The following is a summary of the votes cast by the common shareholders of the Company represented by proxy at the Meeting.
1. Appointment of Auditor
PricewaterhouseCoopers LLP was appointed auditor of the Company to hold office until the next Annual Meeting of Shareholders and the directors were authorized to fix the auditor's remuneration.
|
Proxy Votes For
|
Proxy % For
|
Proxy Votes Withheld
|
Proxy % Withheld
|
|
19,055,212
|
98.30%
|
329,964
|
1.70%
|
2. Election of Directors
The following persons were elected as directors of the Company to hold office until the next Annual Meeting of Shareholders or until his successor is elected or appointed.
|
Nominee
|
Proxy Votes For
|
Proxy %
For
|
Proxy Votes
Withheld
|
Proxy %
Withheld
|
|
John R. McLernon
|
13,622,576
|
92.78%
|
1,060,635
|
7.22%
|
|
Christopher C. Woodward
|
13,436,876
|
91.51%
|
1,246,335
|
8.49%
|
|
John P. Henry
|
12,985,976
|
88.44%
|
1,697,235
|
11.56%
|
|
David Holewinski
|
13,260,076
|
90.31%
|
1,423,135
|
9.69%
|
|
Michael A. DeGiglio
|
13,628,076
|
92.81%
|
1,055,135
|
7.19%
|
|
Stephen C. Ruffini
|
13,628,076
|
92.81%
|
1,055,135
|
7.19%
|
3. Confirmation of By-Law No. 3
The Company's By-Law No. 3 was approved and confirmed by shareholders.
|
Proxy Votes For
|
Proxy % For
|
Proxy Votes Against
|
Proxy % Against
|
|
11,378,198
|
77.49%
|
3,305,013
|
22.51%
|
4. Approval of Compensation Plan
The renewal of the Company's Equity Compensation Plan was approved by shareholders.
|
Proxy Votes For
|
Proxy % For
|
Proxy Votes Against
|
Proxy % Against
|
|
12,273,863
|
83.59%
|
2,409,348
|
16.41%
|
About Village Farms
Village Farms is one of the largest producers, marketers, and distributors of premium-quality, greenhouse-grown fruits and vegetables in North America. The food our farmers grow, along with other greenhouse farmers under exclusive arrangements are all grown in environmentally friendly, soil-less, glass greenhouses. The Village Farms® brand of fruits and vegetables is marketed and distributed primarily to local retail grocers and dedicated fresh food distributors throughout the United States and Canada. Since its inception, Village Farms has been guided by sustainability principles that enable us to grow food 365 days a year that not only feeds the growing population but is healthier for people and the planet. Natural resource efficiencies such as water conservation and renewable energy optimizing cogeneration are all part of our clean technology model of farming. Village Farms is Good for the Earth® and good for you.
SOURCE Village Farms International, Inc.
Stephen C. Ruffini, Executive Vice President and Chief Financial Officer, Village Farms International, Inc., (407) 936-1190 ext 340Copyright CNW Group 2015