TORONTO, ONTARIO–(Marketwired – June 23, 2016) – TeraGo Inc. (“TeraGo” or the “Company“) (TSX:TGO) (www.terago.ca), announces that the nominees listed in the management information circular for the Company’s 2016 Annual General Meeting of Shareholders (the “Meeting“) were each elected as directors of TeraGo to hold such office until the close of the next annual meeting of shareholders or until their successors are elected or appointed. Detailed results of the votes by proxy for the election of directors held on June 23, 2016, as well as the other matters voted at the Meeting are as follows:
| Brief Description of Matter Voted Upon | Outcome of Vote(1) |
For | Against | ||
| 1) In respect of the fixing of the number of directors of the Company at ten (10); | Approved | 10,906,587 (100.00%) |
– (0.00%) |
||
| 2) In respect of the election of directors to hold office until the close of the next annual meeting of Shareholders or until their successors are elected or appointed: | For | Withheld | |||
| Stewart Lyons | Approved | 10,644,786 (100.00%) |
– (0.00%) |
||
| Hon. Jerry Grafstein, Q.C. | Approved | 10,616,161 (99.73%) |
28,625 (0.27%) |
||
| Michael Martin | Approved | 10,644,786 (100.00%) |
– (0.00%) |
||
| Jim Nikopoulos | Approved | 10,513,902 (98.77%) |
130,884 (1.23%) |
||
| Nicole German | Approved | 10,644,786 (100.00%) |
– (0.00%) |
||
| Antonio (Tony) Ciciretto | Approved | 10,644,786 (100.00%) |
– (0.00%) |
||
| Matthew Gerber | Approved | 10,644,786 (100.00%) |
– (0.00%) |
||
| Gary Sherlock | Approved | 10,616,161 (99.73%) |
– (0.27%) |
||
| 3) In respect of the re-appointment of KPMG LLP, Chartered Accountants as auditors of the Company to hold office until the next annual meeting of Shareholders and authorizing the directors to fix their remuneration. | Approved | 10,906,587 (100.00%) |
– (0.00%) |
||
- Vote conducted at Meeting by show of hands. The number of votes and percentages shown are based upon the votes cast by proxy only.
A report of voting results for each resolution presented at the Meeting prepared in accordance with National Instrument 51-102 – Continuous Disclosure Obligations has been filed on www.sedar.com.
About TeraGo
TeraGo provides businesses across Canada and globally with network and voice services, data center services and enterprise infrastructure cloud services. TeraGo manages over 3,000 cloud workloads, seven data centers in the Greater Toronto Area, the Greater Vancouver Area, Ottawa, Kelowna and Winnipeg and owns and manages its own IP network. The Company serves approximately 4,000 business customers in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and was selected as one of Canada’s Top Small and Medium Employers for 2015 and is recognized as a Canadian Telecommunications Employer of Choice for 2016. TeraGo Networks was also recognized by IDC as a Major Player in MarketScape Cloud Vendor Assessment.
For more information about TeraGo, please visit www.terago.ca.
1-877-982-3688
ir@terago.ca