SASKATOON, SASKATCHEWAN–(Marketwired – May 12, 2016) – The following matters were voted upon at the Annual and Special Meeting of Shareholders (“Annual and Special Meeting”) for International Road Dynamics Inc. (the “Corporation”) (TSX:IRD) held on May 11, 2016 in Saskatoon, SK. Each of the matters voted upon at the Annual and Special Meeting is discussed in detail in the Corporation’s management Proxy and Information Circular dated March 14, 2016.
The voting results for each matter presented at the annual meeting are provided below:
| 1. | Election of Directors. The seven director nominees proposed by management were elected as directors. The results are as follows: |
| Nominee | Votes For | Percent | Votes Withheld | Percent |
| Dr. A.T. Bergan | 4,455,220 | 95.48% | 210,900 | 4.52% |
| Terry Bergan | 4,636,120 | 99.36% | 30,000 | 0.64% |
| Sharon Parker | 4,418,220 | 94.69% | 247,900 | 5.31% |
| Ray Harris | 3,244,013 | 69.52% | 1,422,107 | 30.48% |
| Harvey Alton | 4,564,620 | 97.82% | 101,500 | 2.18% |
| Dr. C. Michael Walton | 4,564,620 | 97.82% | 101,500 | 2.18% |
| Ray Kolla | 4,564,620 | 97.82% | 101,500 | 2.18% |
| 2. | Appointment of Auditors. KPMG LLP, Chartered Accountants, was appointed to serve as the auditors of the Corporation for the ensuing year. |
| 3. | Approval of Stock Option Plan. The shareholders approved the Corporation’s amended and restated Stock Option Plan. |
IRD is a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems (ITS) industry. IRD is a North American company based in Saskatoon, Saskatchewan with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use IRD’s products and advanced systems to manage and protect their highway infrastructures.
The Company’s shares trade on the Toronto Stock Exchange under the symbol IRD.
IRD is listed on the TSX – trading symbol – IRD
Terry Bergan
President & CEO
(306) 653-6600
(306) 653-1454 (FAX)
International Road Dynamics Inc.
Francine Senecal-Lepage
Investor Relations
(306) 653-6603
(306) 653-1454 (FAX)
Email: [email protected]
Website: www.irdinc.com
