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Power Corporation Announces Election of Directors

T.POW

MONTRÉAL, May 16, 2023 /CNW/ - In accordance with the Toronto Stock Exchange Company Manual, Power Corporation of Canada (TSX: POW) is issuing this news release to disclose that the nominees listed in its Management Proxy Circular dated March 17, 2023 were elected as its Directors. The detailed results of the vote at its virtual Annual Meeting of Shareholders held earlier today are set forth below.

On a vote by ballot, each of the following nominees proposed by management was elected as a Director:

Nominee




Votes For


% For


Votes Against


% Against

Pierre Beaudoin


Total


903,584,625


99.27 %


6,640,306


0.73 %



Subordinate Voting Shares


356,194,595


98.18 %


6,600,306


1.82 %



Participating Preferred Shares


547,390,030


99.99 %


40,000


0.01 %

Marcel R. Coutu


Total


900,565,771


98.94 %


9,659,584


1.06 %



Subordinate Voting Shares


353,170,741


97.35 %


9,624,584


2.65 %



Participating Preferred Shares


547,395,030


99.99 %


35,000


0.01 %

André Desmarais


Total


790,699,689


86.87 %


119,525,665


13.13 %



Subordinate Voting Shares


243,308,659


67.06 %


119,486,665


32.94 %



Participating Preferred Shares


547,391,030


99.99 %


39,000


0.01 %

Paul Desmarais, Jr.


Total


747,383,837


82.13 %


162,607,141


17.87 %



Subordinate Voting Shares


199,992,807


55.16 %


162,568,141


44.84 %



Participating Preferred Shares


547,391,030


99.99 %


39,000


0.01 %

Gary A. Doer


Total


906,903,891


99.64 %


3,320,464


0.36 %



Subordinate Voting Shares


359,492,861


99.09 %


3,301,464


0.91 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Anthony R. Graham


Total


824,061,586


90.56 %


85,929,817


9.44 %

Subordinate Voting Shares


276,650,556


76.30 %


85,910,817


23.70 %

Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Sharon MacLeod


Total


907,081,099


99.65 %


3,144,256


0.35 %



Subordinate Voting Shares


359,670,069


99.14 %


3,125,256


0.86 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Paula B. Madoff


Total


900,324,942


98.91 %


9,899,888


1.09 %



Subordinate Voting Shares


352,913,912


97.28 %


9,880,888


2.72 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Isabelle Marcoux


Total


855,966,238


94.04 %


54,259,117


5.96 %



Subordinate Voting Shares


308,555,208


85.05 %


54,240,117


14.95 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Christian Noyer


Total


861,363,062


94.63 %


48,861,869


5.37 %



Subordinate Voting Shares


313,952,032


86.54 %


48,842,869


13.46 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

R. Jeffrey Orr


Total


892,243,269


98.02 %


17,982,086


1.98 %



Subordinate Voting Shares


344,832,239


95.05 %


17,963,086


4.95 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

T. Timothy Ryan, Jr.


Total


908,150,573


99.77 %


2,074,782


0.23 %



Subordinate Voting Shares


360,739,543


99.43 %


2,055,782


0.57 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

Siim A. Vanaselja


Total


900,834,640


98.97 %


9,390,715


1.03 %



Subordinate Voting Shares


353,443,610


97.42 %


9,351,715


2.58 %



Participating Preferred Shares


547,391,030


99.99 %


39,000


0.01 %

Elizabeth D. Wilson


Total


908,597,267


99.82 %


1,628,088


0.18 %



Subordinate Voting Shares


361,186,237


99.56 %


1,609,088


0.44 %



Participating Preferred Shares


547,411,030


100.00 %


19,000


0.00 %

About Power Corporation

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. To learn more, visit www.PowerCorporation.com.

SOURCE Power Corporation of Canada

Cision View original content: http://www.newswire.ca/en/releases/archive/May2023/16/c5730.html