TORONTO, ON–(Marketwired – May 25, 2016) – Northland Power Inc. (“Northland“) (TSX: NPI) (TSX: NPI.PR.A) (TSX: NPI.PR.B) (TSX: NPI.PR.C) (TSX: NPI.DB.B) (TSX: NPI.DB.C) today announced the results of the election of directors at its Annual General Meeting (“the Meeting”) held on May 25, 2016 in Toronto, Ontario.
The total number of voting shares represented by shareholders present in person and by proxy at the Meeting was 117,051,411, representing 68.31% of Northland’s outstanding voting shares.
The six 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. | 97,562,220 | 83.54% | 19,225,791 | 16.46% | ||||
| The Right Honourable John N. Turner, Q.C. | 115,348,617 | 98.77% | 1,439,394 | 1.23% | ||||
| Dr. Marie Bountrogianni | 115,217,777 | 98.66% | 1,570,234 | 1.34% | ||||
| Linda L. Bertoldi | 97,493,904 | 83.48% | 19,294,107 | 16.52% | ||||
| Barry Gilmour | 115,497,819 | 98.90% | 1,290,192 | 1.10% | ||||
| Russell Goodman | 115,182,142 | 98.62% | 1,605,868 | 1.38% | ||||
The Appointment of Ernst & Young LLP to serve as the independent auditors of Northland until the next annual meeting was approved by a show of hands. Proxies were received as follows:
| Votes For | Percent | Withheld | Percent | |||
| 115,607,735 | 98.77% | 1,443,676 | 1.23% | |||
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 1,388 MW of operating generating capacity and 932 MW (642 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600 MW offshore wind project, and an 85% equity stake in Nordsee One, a 332 MW offshore wind project, both located in the North Sea.
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
Adam Beaumont
Director of Finance
647-288-1929
Fax: (416) 962-6266
E-mail: [email protected]
Website: www.northlandpower.ca
