MONTREAL, QUEBEC and SARASOTA, FLORIDA–(Marketwired – June 9, 2016) – Intertape Polymer Group Inc. (TSX:ITP) (the “Company”) is pleased to announce that all nine nominees listed in its management information circular dated April 26, 2016 were elected as Directors of the Company at its annual and special meeting of shareholders (the “Meeting”) held today in Toronto.
At the Meeting, a ballot was held for the election of Directors. Based on proxies received prior to the Meeting and ballots cast, the nine Directors were elected with the following results:
| Nominees | Votes For | Votes Withheld | ||||
| Robert M. Beil | 45,191,766 | 99.97 | % | 12,616 | 0.03 | % |
| George J. Bunze | 44,990,534 | 99.53 | % | 213,848 | 0.47 | % |
| Frank Di Tomaso | 44,237,833 | 97.86 | % | 966,549 | 2.14 | % |
| Robert J. Foster | 44,690,756 | 98.86 | % | 513,626 | 1.14 | % |
| James Pantelidis | 44,871,221 | 99.26 | % | 333,161 | 0.74 | % |
| Jorge N. Quintas | 45,004,439 | 99.56 | % | 199,943 | 0.44 | % |
| Mary Pat Salomone | 45,188,389 | 99.96 | % | 15,993 | 0.04 | % |
| Gregory A. C. Yull | 45,188,136 | 99.96 | % | 16,246 | 0.04 | % |
| Melbourne F. Yull | 45,191,806 | 99.97 | % | 12,576 | 0.03 | % |
The biographies of Directors and further details about the Company’s corporate governance practices are available at www.itape.com.
At the Meeting, Raymond Chabot Grant Thornton LLP was re-appointed as auditor of the Company.
The Company held a “say on pay” vote at the Meeting. The Company’s approach to executive compensation disclosed under “Compensation Discussion and Analysis” in the Company’s management information circular was supported, with 92.5% of the shares represented at the Meeting voting in favour.
At the Meeting, shareholders adopted a resolution confirming By-Law 2015-1 of the Company, entitled “A by-law relating to the nomination of persons for election to the board of directors of Intertape Polymer Group Inc.”, with 99.5% of the shares represented at the Meeting voting in favour. Shareholders also adopted a resolution ratifying and approving the Shareholder Rights Plan of the Company, with 91.4% of the shares represented at the Meeting voting in favour.
About Intertape Polymer Group Inc.
Intertape Polymer Group Inc. is a recognized leader in the development, manufacture and sale of a variety of paper and film based pressure sensitive and water-activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota, Florida, the Company employs approximately 2,000 employees with operations in 17 locations, including 12 manufacturing facilities in North America and one in Europe.
For information about the Company, visit www.itape.com
Pierre Boucher
514-731-0000
