Press release from Marketwire
EnerCare Shareholders Confirm New By-laws and Re-elect Management's Director Nominees
Monday, June 03, 2013
EnerCare Shareholders Confirm New By-laws and Re-elect Management's Director Nominees14:39 EDT Monday, June 03, 2013
TORONTO, ONTARIO--(Marketwired - June 3, 2013) - EnerCare Inc. ("EnerCare") (TSX:ECI) today announced the results from its Annual and Special Meeting of Shareholders that was held earlier today.
Shareholders confirmed EnerCare's new by-laws, which increase quorum at meetings of shareholders to two persons holding 25% of the eligible votes and require advance notice of director nominations by shareholders. The Board of Directors of EnerCare was also pleased to receive the support of shareholders for the re-election of all of management's director nominees.
A total of 20,692,416 common shares ("Shares") (representing approximately 35.62% of the issued and outstanding Shares as of the record date for the meeting) were represented in person or by proxy at the meeting. Shareholders confirmed the new by-laws by a poll vote of 14,980,579 Shares (or approximately 79.25% of the votes cast) for the confirmation and 3,921,933 Shares (or approximately 20.75% of the votes cast) against the confirmation.
EnerCare's existing eight directors, namely Lisa de Wilde (88.58% proxy votes in favour), John A. Macdonald (95.19% proxy votes in favour), Grace M. Palombo (89.48% proxy votes in favour), Jim Pantelidis (68.59% proxy votes in favour), Jerry Patava (89.11% proxy votes in favour), Roy J. Pearce (89.60% proxy votes in favour), Michael Rousseau (89.18% proxy votes in favour) and William M. Wells (89.01% proxy votes in favour) were re-elected at the meeting by a resolution passed by a majority of the shareholders by way of a show of hands, to hold office until the close of the next annual meeting of shareholders.
PricewaterhouseCoopers LLP was reappointed as auditor of EnerCare and the directors were authorized to fix their remuneration by a resolution passed by a majority of the shareholders by way of a show of hands (96.08% proxy votes in favour).
About EnerCare Inc.
EnerCare owns a portfolio of approximately 1.2 million installed water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.
Additional information regarding EnerCare is available on SEDAR at www.sedar.com or through EnerCare's website at http://investors.enercare.ca. Information on the sub-metering business is also available at www.enercare.ca.
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