Power of Canada : Corporation Announces Election of Directors
May 15, 2020 at 05:15 pm EDT
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MONTRÉAL, May 15, 2020 /CNW Telbec/ - 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 18, 2020 were elected as its Directors. The detailed results of the vote at its virtual Annual Meeting of Shareholders held earlier today in Montréal, Québec 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 Withheld
% Withheld
Pierre Beaudoin
Total
903,579,977
98.89%
10,135,941
1.11%
Subordinate Voting Shares
356,591,157
97.24%
10,114,241
2.76%
Participating Preferred Shares
546,988,820
100.00%
21,700
0.00%
Marcel R. Coutu
Total
882,021,813
96.53%
31,694,105
3.47%
Subordinate Voting Shares
335,031,293
91.36%
31,674,105
8.64%
Participating Preferred Shares
546,990,520
100.00%
20,000
0.00%
André Desmarais
Total
758,347,271
83.00%
155,368,647
17.00%
Subordinate Voting Shares
211,356,751
57.64%
155,348,647
42.36%
Participating Preferred Shares
546,990,520
100.00%
20,000
0.00%
Paul Desmarais, Jr.
Total
744,980,375
81.53%
168,735,543
18.47%
Subordinate Voting Shares
197,989,855
53.99%
168,715,543
46.01%
Participating Preferred Shares
546,990,520
100.00%
20,000
0.00%
Gary A. Doer
Total
906,947,814
99.26%
6,768,104
0.74%
Subordinate Voting Shares
359,937,294
98.15%
6,768,104
1.85%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
Anthony R. Graham
Total
862,243,475
94.37%
51,472,443
5.63%
Subordinate Voting Shares
315,232,955
85.96%
51,472,443
14.04%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
J. David A. Jackson
Total
904,295,146
98.97%
9,420,772
1.03%
Subordinate Voting Shares
357,284,626
97.43%
9,420,772
2.57%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
Paula B. Madoff
Total
911,355,021
99.74%
2,360,897
0.26%
Subordinate Voting Shares
364,344,501
99.36%
2,360,897
0.64%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
Isabelle Marcoux
Total
901,661,078
98.68%
12,054,840
1.32%
Subordinate Voting Shares
354,650,558
96.71%
12,054,840
3.29%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
Christian Noyer
Total
877,528,924
96.04%
36,186,994
3.96%
Subordinate Voting Shares
330,518,404
90.13%
36,186,994
9.87%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
R. Jeffrey Orr
Total
899,653,972
98.46%
14,061,946
1.54%
Subordinate Voting Shares
352,643,452
96.17%
14,061,946
3.83%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
T. Timothy Ryan, Jr.
Total
908,148,215
99.39%
5,567,703
0.61%
Subordinate Voting Shares
361,137,695
98.48%
5,567,703
1.52%
Participating Preferred Shares
547,010,520
100.00%
0
0.00%
Siim A. Vanaselja
Total
892,092,516
97.63%
21,623,402
2.37%
Subordinate Voting Shares
345,081,996
94.10%
21,623,402
5.90%
Participating Preferred Shares
547,010,520
100.00%
0
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.
Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.