BOUCHERVILLE, QUEBEC–(Marketwired – June 1, 2017) – Colabor Group Inc. (TSX:GCL) (“Colabor” or the “Corporation”) held its Annual and Special Meeting of shareholders (the “Meeting”) on May 31, 2017. A total of 59,565,288 common shares representing 58.33% of the issued and outstanding shares of the Corporation were represented in person and by proxy at the Meeting.
At this Meeting, the following resolutions were approved:
- Election of Directors
The seven candidates nominated as Directors were duly elected to the Board of Directors of Colabor by majority vote, as follows:
| Name | In favour | Withheld | ||
| Number | % | Number | % | |
| Marc Baillargeon | 57,178,941 | 99.20% | 460,058 | 0.80% |
| Robert J. Briscoe | 55,745,873 | 96.72% | 1,893,126 | 3.28% |
| Robert Cloutier | 55,838,673 | 96.88% | 1,800,326 | 3.12% |
| Stéphane Gonthier | 57,352,955 | 99.50% | 286,044 | 0.50% |
| J. Michael Horgan | 57,374,445 | 99.54% | 264,554 | 0.46% |
| Robert B. Johnston | 57,398,220 | 99.58% | 240,779 | 0.42% |
| Élaine Zakaïb | 57,297,764 | 99.41% | 341,235 | 0.59% |
- Appointment of Auditor
The resolution appointing PricewaterhouseCoopers LLP, to act as auditor of the Corporation until the next Annual Meeting of shareholders or until the appointment of its successor, and authorizing the Board of Directors of the Corporation to fix its remuneration, was approved in a proportion of 96.96%.
- Approval of Unallocated Options Under the Corporation’s Stock Option Plan
Shareholders present or represented by proxy at the Meeting also voted 96.43% in favour of an ordinary resolution concerning the approval of unallocated options under the Corporation’s Stock Option Plan.
ABOUT COLABOR
Colabor is a distributor and wholesaler of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Québec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results and events may differ. The Corporation assumes no obligation beyond what is required under law to update forward-looking statements pursuant to changes in the beliefs, estimates and opinions of management or to other factors.
Colabor Group Inc.
Jean-Francois Neault, CPA, CMA, MBA
Vice-President and Chief Financial Officer
450-449-0026 ext. 1308 / Fax: 450-449-6180
[email protected]
Media:
MaisonBrison Inc.
Martin Goulet, CFA
Senior Vice-President, Investor Relations
514-731-0000 ext. 229 / Fax: 514-731-4525
[email protected]
