TORONTO--(BUSINESS WIRE)--Acasta Enterprises Inc. (TSX: AEF and AEF.WT) (“Acasta”) is pleased to announce that it has received shareholder approval for all resolutions voted upon at its annual and special meeting of shareholders held on June 19, 2017 (the “Meeting”).
In particular, all nominees of Acasta* were elected as directors of the Company as follows:
| Votes For | % Votes For | Votes Withheld | % Votes Withheld | ||||||
| Anthony Melman | 47,813,362 | 87.65% | 6,736,733 | 12.35% | |||||
| Geoff Beattie | 43,829,491 | 80.35% | 10,720,604 | 19.65% | |||||
| Belinda Stronach | 43,794,101 | 80.28% | 10,755,994 | 19.72% | |||||
| Robert Schwartz | 54,192,950 | 99.35% | 357,145 | 0.65% | |||||
| Jay Swartz | 54,473,850 | 99.86% | 76,245 | 0.14% | |||||
| Michael Young | 54,322,350 | 99.58% | 227,745 | 0.42% |
* Johan Eliasch decided not to stand for re-election and therefore was removed from the ballot for the Meeting.
In addition, the appointment of KPMG LLP as Acasta’s auditors and a resolution to approve Acasta’s Deferred Share Unit Incentive Plan were each approved by the affirmative vote of a majority of the votes represented at the Meeting.
Acasta is also pleased to announce that Geoff Beattie has been appointed Chairman of its Board of Directors.
About Acasta Enterprises Inc.
Acasta Enterprises Inc. is a
leading Canadian public company that acquires businesses with
exceptional potential for value creation through strategic and
transformational initiatives. As a proactive private equity manager,
Acasta partners with the senior management teams of its acquired
businesses, empowering them to pursue value creating trajectories.
