MONTRÉAL, March 24, 2015 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR) is pleased to announce that the two resolutions proposed, i.e. the resolution for the election of directors and the resolution for the appointment of KPMG LLP, have all been adopted at its Annual Meeting of Shareholders that was held today.
Election of directors
Each of the five nominees listed in the Management Proxy Circular dated February 12, 2015 were elected as directors of Valener. The results of the votes cast are as follows:
Name | Votes For | % | Votes Withheld | % |
Mary-Ann Bell | 7,063,081 | 98.27 | 124,329 | 1.73 |
Nicolle Forget | 7,086,462 | 98.60 | 100,948 | 1.40 |
François Gervais | 7,085,182 | 98.58 | 102,228 | 1.42 |
Pierre Monahan | 7,064,040 | 98.28 | 123,370 | 1.72 |
Réal Sureau | 7,082,863 | 98.55 | 104,547 | 1.45 |
The Board of Directors of Valener has re-appointed Mr. Pierre Monahan as Chairman of the Board. The Board of Directors also re-appointed the five directors as members of the Audit Committee and Mr. Réal Sureau has been re-confirmed as Chairman of the Committee.
About Valener
Valener is a public company that is 100% owned by the public investor and serves as the investment vehicle in Gaz Métro. Through its investment in Gaz Métro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Quebec and Vermont. As a strategic partner, Valener, on one hand, contributes to Gaz Métro's growth, and on the other hand invests in wind power production in Quebec together with Gaz Métro. Valener favours energy sources and uses that are innovative, clean, competitive and profitable. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com
SOURCE Valener Inc.
