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The North West Company Inc. Announces Voting Results of its Annual Meeting of Shareholders

CNW Group - Wed Jun 10, 5:36PM CDT

The North West Company Inc. (TSX:NWC.TO) ("North West") today announced voting results for the election of directors at its annual general meeting of shareholders held today, June 10, 2020, via live audio webcast (the "Meeting"). Each of the nominees listed in the management information circular dated April 27, 2020 was elected as a director of North West at the Meeting.

A total of 19,813,295 variable voting and common shares representing approximately 41% of all of North West's issued and outstanding shares were voted in connection with the Meeting. Shareholders approved all items of business before the Meeting, including the election of directors as follows:

Nominee

     Votes For

         % of Votes

             Votes

              % of Votes
                                                           For               Withheld               Withheld

    ---


       H. Sanford Riley                    19,354,411               97.68              458,874                       2.32

    ---


       Brock Bulbuck                       19,267,696               97.25              545,589                       2.75

    ---


       Deepak Chopra                       19,504,516               98.44              308,769                       1.56

    ---


       Frank J. Coleman                    17,389,557               87.77            2,423,728                      12.23

    ---


       Wendy F. Evans                      17,467,270               88.16            2,346,015                      11.84

    ---


       Stewart Glendinning                 19,752,027               99.69               61,258                       0.31

    ---


       Edward S. Kennedy                   19,765,862               99.76               47,423                       0.24

    ---


       Annalisa King                       19,546,060               98.65              267,225                       1.35

    ---


       Violet (Vi) A.M. Konkle             19,548,902               98.67              264,383                       1.33

    ---


       Jennefer Nepinak                    19,541,510               98.63              271,775                       1.37

    ---


       Eric L. Stefanson                   19,424,830               98.04              388,455                       1.96

    ---


       Victor Tootoo                       19,757,093               99.72               56,202                       0.28

    ---

In addition, North West reports that:

1. an ordinary resolution approving the appointment of
     PricewaterhouseCoopers LLP as North West's auditors for the 2020
     fiscal year was passed by a majority of the votes represented at
     the Meeting; and

  2. an advisory resolution accepting North West's board's approach to
     executive compensation was passed by a majority of the votes
     represented at the Meeting.

Details of the voting results on all matters considered at the Meeting are available in North West's report of voting results, which is available under North West's profile on SEDAR at www.sedar.com.

ABOUT THE NORTH WEST COMPANY INC.

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 250 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.0 billion.

The variable voting and common shares of North West trade on the Toronto Stock Exchange under the symbol "NWC".

SOURCE The North West Company Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2020/10/c5324.html

SOURCE: The North West Company Inc.

Edward Kennedy, President and Chief Executive Officer, The North West Company Inc.,
Phone 204-934-1482; fax 204-934-1317; email ekennedy@northwest.ca; John King,
Executive Vice President and Chief Financial Officer, The North West Company Inc.,
Phone 204-934-1397; fax 204-934-1317; email: jking@northwest.ca; Amanda Sutton, Vice
President, Legal and Corporate Secretary, The North West Company Inc., Phone
204-934-1756; fax 204-934-1317; email: asutton@northwest.ca; or visit on-line at
www.northwest.ca

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