TORONTO, May 23, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the
“Company”) (TSX:NPI) today announced the results of the election of Directors at its Annual General Meeting (“the
Meeting”) held on May 23, 2018 in Toronto, Ontario.
The total number of voting shares represented by shareholders present in person and by proxy at the Meeting was
127,123,880, representing 72.2% of Northland’s outstanding voting shares.
The seven nominees proposed by Management for election as Directors were elected by a show of hands. Proxies
were received as follows:
|
Nominee |
Votes For |
Percent |
Withheld |
Percent |
| James
C. Temerty, C.M. |
113,943,003 |
89.70 |
% |
13,086,095 |
10.30 |
% |
| The Right
Honourable John N. Turner, Q.C. |
124,906,898 |
98.33 |
% |
2,122,200 |
1.67 |
% |
| Dr.
Marie Bountrogianni |
118,135,709 |
93.00 |
% |
8,893,389 |
7.00 |
% |
| John
W. Brace |
124,249,024 |
97.81 |
% |
2,780,074 |
2.19 |
% |
| Linda
L. Bertoldi |
102,557,214 |
80.74 |
% |
24,471,884 |
19.26 |
% |
| Barry
Gilmour |
125,942,245 |
99.14 |
% |
1,086,853 |
0.86 |
% |
|
Russell Goodman |
125,368,064 |
98.69 |
% |
1,661,034 |
1.31 |
% |
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 by a show of hands. Proxies were received as follows:
|
Votes For |
Percent |
Withheld |
Percent |
|
125,347,129 |
98.60% |
1,776,751 |
1.40% |
Northland’s approach to executive compensation was accepted by a show of hands. Proxies were received as
follows:
|
Votes For |
Percent |
Against |
Percent |
|
125,676,579 |
98.94% |
1,351,819 |
1.06% |
ABOUT NORTHLAND
Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland
develops, builds, owns and operates facilities that produce ‘clean’ (natural gas) and ‘green’ (wind, solar, and hydro) energy,
providing sustainable long-term value to shareholders, stakeholders, and host communities.
The Company owns or has a net economic interest in 2,029 MW of operating generating capacity and 252 MW of
generating capacity under construction, representing the Deutsche Bucht offshore wind project, in addition to the 300 MW (net 180
MW) of grid capacity allocated to the Hai Long 2 offshore wind project. Northland’s cash flows are diversified over four
geographically separate regions and regulatory jurisdictions in Canada and Europe.
Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares and Series B and Series C
convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, NPI.DB.B, and
NPI.DB.C, respectively.
For further information contact:
Barb Bokla, Manager, Investor Relations, 647-288-1438
investorrelations@northlandpower.com
www.northlandpower.com
