May 01, 2018

Capital Power reports voting results from the 2018 annual meeting of shareholders


New casino games – The annual meeting of shareholders (annual meeting) for Capital Power Corporation (TSX: CPX) (Capital Power or the Company) was held on April 27, 2018 in Edmonton, Alberta. Each of the matters voted upon at the annual meeting is discussed in detail in the Company’s Management Proxy Circular dated March 1, 2018 and available on the Company’s website at:  www.capitalpower.com/AGM.

The total number of shares represented by shareholders present in person and by proxy at the annual meeting was 60,589,569 representing 58.32% of the Company’s Common Shares that were issued and outstanding as of the record date of the annual meeting.

New casino sitesThe voting results for each matter presented at the annual meeting are provided below:

1.   Election of Directors:
Each of the 9 director nominees put forward by management were elected by a vote conducted by way of ballot as follows:

Director Votes in Favour % In Favour Votes Withheld % Withheld
Donald Lowry 56,336,646 94.33% 3,387,574 5.67%
Albrecht Bellstedt 59,643,448 99.86% 80,772 0.14%
Doyle Beneby 59,630,411 99.84% 93,809 0.16%
Jill Gardiner 59,638,267 99.86% 85,953 0.14%
Kelly Huntington 59,061,880 98.89% 662,340 1.11%
Philip Lachambre 59,584,270 99.77% 139,950 0.23%
Brian Vaasjo 59,643,146 99.86% 81,074 0.14%
Katharine Stevenson 59,038,480 98.85% 685,740 1.15%
Keith Trent 59,610,192 99.81% 114,028 0.19%

 

2.   Appointment of Auditors:
The appointment of KPMG LLP, Chartered Accountants, to serve as the auditors New casino gamesof the Corporation until the close of the next Annual Meeting of the Shareholders of the Corporation, at remuneration to be fixed by the Directors on the recommendation of the Audit Committee, was approved by a show of hands.  Proxies representing 60,472,743 (99.83%) votes for and 100,539 (0.17%) votes withheld were received.

 

3.   Approach to executive compensation:
On an advisory basis and not to diminish the role and responsibility of the board of directors, the approach to executive compensation disclosed in the Corporation’s Management Proxy Circular was approved by a show of hands.  Proxies representing 54,426,654 (90.96%) votes for and 5,407,529 (9.04%) votes against were received.

 

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, New casino sitesAlberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 4,500 megawatts (MW) of power generation capacity at 24 facilities across North America. Approximately 1,000 MW of owned generation capacity is in advanced development in Alberta, North Dakota, and Illinois.