Each item of business voted upon at the meeting is described in detail in the Company's Management Information Circular dated
Set the Number of Directors at Nine
The setting of the number of directors at nine was approved, and the outcome of the valid proxies received was as follows:
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
75,117,161 | 619,273 | 99.18% | 0.82% |
Election of Directors
Each of the nine nominees in the Circular were re-elected as directors of the Company for the ensuing year, and the outcome of the valid proxies received was as follows:
Director Nominee | Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Withheld | For | Withheld | |
75,143,611 | 592,823 | 99.22% | 0.78% | |
75,735,629 | 805 | 100.00% | 0.00% | |
72,926,657 | 2,809,777 | 96.29% | 3.71% | |
75,246,220 | 490,214 | 99.35% | 0.65% | |
Dr. | 75,141,497 | 594,937 | 99.21% | 0.79% |
74,417,015 | 1,319,419 | 98.26% | 1.74% | |
75,711,632 | 24,802 | 99.97% | 0.03% | |
75,373,813 | 362,621 | 99.52% | 0.48% | |
74,926,225 | 810,209 | 98.93% | 1.07% |
Appointment of Auditor
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Withheld | For | Withheld |
75,740,505 | 617,261 | 99.19% | 0.81% |
Incentive Option Grants under the Stock Option Plan to New Directors
The granting of 8,086 incentive stock options on
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
74,294,664 | 1,441,770 | 98.10% | 1.90% |
Certain Matters Relating to the Stock Option Plan
The Company’s Stock Option Plan, including amendments thereto, and the unallocated options issuable thereunder was authorized and approved, and the outcome of the valid proxies received was as follows:
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
74,079,017 | 1,657,417 | 97.81% | 2.19% |
Certain Matters Relating to the Share Unit Plan
The Company’s Share Unit Plan, including amendments thereto, and the unallocated units issuable thereunder was authorized and approved, and the outcome of the valid proxies received was as follows:
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
74,270,259 | 1,466,175 | 98.06% | 1.94% |
Amendments to the Articles of the Company
The amendments to the Articles of the Company to (i) increase the quorum requirement for the Company’s shareholder meetings to two persons who are, or who represent by proxy, shareholders who, in the aggregate, hold at least 25% of the issued shares entitled to be voted at the meeting; and (ii) increase the quorum requirement for the transaction of the business of the directors to be set at a majority of the directors were authorized and approved, and the outcome of the valid proxies received was as follows:
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
75,117,132 | 619,302 | 99.18% | 0.82% |
Advisory Vote on Executive Compensation
The non-binding advisory “say on pay” resolution accepting the Company’s approach to executive compensation as described in the Circular was approved, and the outcome of the valid proxies received was as follows:
Number of Common Shares Voted | Percentage of Votes Cast | ||
For | Against | For | Against |
70,844,985 | 4,891,449 | 93.54% | 6.46% |
ABOUT
Signed: “David Strang” | For further information contact: |
Makko DeFilippo, Vice President, Corporate Development | |
(604) 429-9244 | |
info@erocopper.com |
Source:
2020 GlobeNewswire, Inc., source