VANCOUVER, BC–(Marketwired – May 11, 2016) –
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Premium Brands Holdings Corporation (“Premium Brands” or the “Company”) (TSX: PBH) announced the voting results from its 2016 annual general meeting of shareholders held today. A total of 11,115,656 Common Shares or 40.64% of our issued and outstanding Common Shares were voted in connection with the annual general meeting. Shareholders voted by a show of hands in favour of each item of business. Based on proxies received prior to the meeting and votes tallied at the meeting, each director nominee was elected by a substantial majority as follows:
| Johnny Ciampi | 99.92% | |
| Bruce Hodge | 92.86% | |
| Kathleen Keller-Hobson | 99.55% | |
| Hugh McKinnon | 93.83% | |
| George Paleologou | 99.94% | |
| John Zaplatynsky | 99.95% |
Additionally, the Company’s advisory “say on pay” vote received 87.45% support based on proxies received prior to the meeting and votes tallied at the meeting. Full results of the votes are included as Appendix “A” to this press release.
About Premium Brands
Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State. The Company services a diverse base of customers located across North America and its family of brands and businesses includes Grimm’s, Harvest, McSweeney’s, Bread Garden Go, Hygaard, Hempler’s, Isernio’s, Quality Fast Foods, Direct Plus, Harlan Fairbanks, Creekside Bakehouse, Stuyver’s Bakestudio, Centennial Foodservice, B&C Food Distributors, Shahir, Wescadia, Duso’s, Maximum Seafood, Ocean Miracle, SK Food Group, OvenPride, Hub City Fisheries, Audrey’s, Deli Chef, Piller’s, Freybe, Expresco, C&C Packing and Premier Meats.
| APPENDIX “A” | |||||||||
| Voting Results – Annual General Meeting of Shareholders of Premium Brands Holdings Corporation (the “Issuer”) | |||||||||
| May 11, 2016 | |||||||||
| Report of Voting Results | |||||||||
| National Instrument 51-102 – Continuous Disclosure Obligations Section 11.3 | |||||||||
| Matters Voted Upon | |||||||||
| 1. | To fix the number of Directors to be elected at the Meeting at not more than six (6). | ||||||||
| 11,110,373 | (99.95%) | 5,283 | (0.05%) | ||||||
| For | Against | ||||||||
| 2. | (a) | To elect Johnny Ciampi as a Director of the Corporation. | |||||||
| 11,107,593 | (99.92%) | 8,063 | (0.08%) | ||||||
| For | Withheld | ||||||||
| (b) | To elect Bruce Hodge as a Director of the Corporation. | ||||||||
| 10,321,585 | (92.86%) | 794,071 | (7.14%) | ||||||
| For | Withheld | ||||||||
| (c) | To elect Kathleen Keller-Hobson as a Director of the Corporation. | ||||||||
| 11,066,165 | (99.55%) | 49,491 | (0.45%) | ||||||
| For | Withheld | ||||||||
| (d) | To elect Hugh McKinnon as a Director of the Corporation. | ||||||||
| 10,430,263 | (93.83%) | 685,393 | (6.17%) | ||||||
| For | Withheld | ||||||||
| (e) | To elect George Paleologou as a Director of the Corporation. | ||||||||
| 11,108,532 | (99.94%) | 7,124 | (0.06%) | ||||||
| For | Withheld | ||||||||
| (f) | To elect John Zaplatynsky as a Director of the Corporation. | ||||||||
| 11,110,506 | (99.95%) | 5,150 | (0.05%) | ||||||
| For | Withheld | ||||||||
| 3. | To approve the appointment of PricewaterhouseCoopers LLP as Auditors of the Corporation for the ensuing year, and to authorize the Directors of the Corporation to fix the remuneration of such Auditors. | ||||||||
| 11,068,236 | (99.57%) | 47,420 | (0.43%) | ||||||
| For | Withheld | ||||||||
| 4. | To approve the Corporation’s approach to executive compensation. | ||||||||
| 9,720,499 | (87.45%) | 1,395,157 | (12.55%) | ||||||
| For | Against | ||||||||
| Notes: | ||
| 1. | Based on proxies received prior to the meeting and votes tallied at the meeting. | |
| 2. | 10,971,227 Common Shares (98.7%) were voted by proxy. 144,429 Common Shares (1.3%) were voted in person at the Meeting. | |
For further information, please contact
George Paleologou
President and CEO
or
Will Kalutycz
CFO
(604) 656-3100
www.premiumbrandsholdings.com