EDMONTON, ALBERTA–(Marketwired – May 11, 2016) – Liquor Stores N.A. Ltd. (the “Company” or “Liquor Stores”) (TSX:LIQ) held its Annual Meeting of Shareholders on May 10, 2016, in Edmonton. A total of 3,470,721 shares, representing approximately 12.58% of common shares, were represented in person or by proxy at the meeting.
During the regular business proceedings at the meeting, shareholders approved the resolutions below:
1. Fixing Number of Directors
The number of directors was fixed at nine (9). Liquor Stores’ shareholders present in person or represented by proxy at the meeting voted as follows:
| Motion | Votes For | % of Votes Cast For (rounded) |
Against | % of Votes Cast Against (rounded) |
| The number of directors to be elected to the Board of Directors of Liquor Stores N.A. Ltd. be fixed at nine. | 3,271,995 | 94.27 | 198,726 | 5.73 |
2. Election of Directors
The nine nominees set forth in the Liquor Stores’ management information circular (the “Circular”) dated April 6, 2016 were elected as directors of Liquor Stores by a majority vote cast by ballot. Liquor Stores’ shareholders present in person or represented by proxy at the meeting voted as follows:
| Nominee | Votes For | % of Votes Cast For (rounded) |
Withheld | % of Votes Withheld (rounded) |
| Stephen Bebis | 3,020,248 | 94.77 | 166,551 | 5.23 |
| Henry Bereznicki | 3,026,583 | 94.97 | 160,216 | 5.03 |
| Gary Collins | 3,028,761 | 95.04 | 158,038 | 4.96 |
| Jim Dinning | 3,022,749 | 94.85 | 164,050 | 5.15 |
| Susan Doniz | 2,996,475 | 94.03 | 190,324 | 5.97 |
| Robert S. Green | 3,029,242 | 95.06 | 157,557 | 4.94 |
| Peter L. Lynch | 3,025,228 | 94.93 | 161,571 | 5.07 |
| Henry (Harry) P. Taylor | 3,026,318 | 94.96 | 160,481 | 5.04 |
| David Margolus | 2,905,610 | 91.18 | 281,189 | 8.82 |
3. Appointment of Auditors
This resolution appointing PricewaterhouseCoopers LLP, Chartered Accountants, to serve as auditors of Liquor Stores until the next annual meeting or until their successor is appointed, at a remuneration to be fixed by the Board of Directors was approved by a show of hands.
ABOUT LIQUOR STORES N.A. LTD.
The Company operates 253 retail liquor stores in Alberta, British Columbia, Alaska, Kentucky and New Jersey. Liquor Stores’ retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (179 stores); Liquor Depot and Liquor Barn in British Columbia (35 stores); Brown Jug in Alaska (22 stores); Liquor Barn “The Ultimate Party Source” and Liquor Barn Express in Kentucky (15 stores), and Joe Canals Discount Outlet in New Jersey (2 stores). The Company’s common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols “LIQ” and “LIQ.DB.A”, respectively.
Additional information about Liquor Stores N.A. Ltd. is available at www.sedar.com and the Company’s website at www.liquorstoresna.com.
Senior Vice President and Chief Financial Officer
Liquor Stores N.A. Ltd.
(780) 497-3262