VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 6, 2016) – Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) announced that all matters put forward for consideration at its 2016 Annual General Meeting of Shareholders (the “Meeting”) received requisite shareholder approval. Results of the voting for the director elections at the Meeting are described below, and additional information regarding the full results of all matters voted on at the Meeting may be found in the Company’s filing on SEDAR.
Board of Directors
All nominees listed in the management proxy circular for the Meeting were elected as directors of Tree Island. The seven director nominees proposed by management were elected by a show of hands. Detailed results of the votes received by proxy for the election of directors held at the Meeting are set out below:
| Nominee | Votes For | % | Votes Withheld | % | ||||
| Amar S. Doman | 16,214,989 | 95.3% | 797,796 | 4.7% | ||||
| Sam Fleiser | 16,765,585 | 98.5% | 247,200 | 1.5% | ||||
| Michael Fitch | 16,815,385 | 98.8% | 197,400 | 1.2% | ||||
| Theodore A. Leja | 16,214,189 | 95.3% | 798,596 | 4.7% | ||||
| Harry Rosenfeld | 16,165,189 | 95.0% | 847,596 | 5.0% | ||||
| Peter Bull | 16,921,585 | 99.5% | 91,200 | 0.5% | ||||
| Dale R. MacLean | 16,320,989 | 95.9% | 691,796 | 4.1% |
The sum of individual percentages may not equal 100% due to rounding.
About Tree Island Steel
Headquartered in Richmond, British Columbia, since 1964, Tree Island Steel, through its five operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction, agricultural, and specialty applications. Its products include bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island, Halsteel, K-Lath, Industrial Alloys, TI Wire, True Spec and Tough Strand brand names. Tree Island Steel also owns and operates a China-based company that assists the international sourcing of products.
Ali Mahdavi
Investor Relations
amahdavi@treeisland.com
www.treeisland.com