Temple Hotels Inc. Announces Voting Results from the 2019 Annual Meeting of Shareholders

07/05/2019 06:21

MISSISSAUGA, ON, May 7, 2019 /CNW/ - Temple Hotels Inc. ("Temple") (TSX: TPH) today announced the results of matters voted on at its annual shareholders' meeting held on May 3, 2019 (the "Meeting"), which included the election of directors of Temple, all of the nominees listed in its management information circular dated March 14, 2019. The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 17,133,956 representing 68.47% of Temple's outstanding common shares.

1. Election of Directors

The six (6) nominees proposed by management were elected as directors of Temple to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of Temple's by-laws. Proxies were received on this matter as follows:

Name	Votes For	%	Votes Withheld	%
Brent McLean	17,019,713	99.34	112,742	0.66
David J. Nunn	16,952,991	98.95	179,464	1.05
Chris J. Cahill	17,003,412	99.25	129,043	0.75
K. Rai Sahi	16,985,162	99.14	147,293	0.86
Donald W. Turple	17,001,579	99.24	130,876	0.76
Jonathan A. Carnella	16,999,913	99.23	132,542	0.77

2. Appointment of Auditors

The firm of Scarrow & Donald LLP was appointed as auditor of Temple to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor. Proxies were received on this matter as follows:

Votes For	%	Votes Withheld	%
17,023,735	99.36	110,221	0.64

Temple is a hotel investment company with properties located across Canada. Temple is listed on the Toronto Stock Exchange under the symbol TPH (common shares). The primary long‑term investment objectives of the Company are to yield stable and growing cash flows and to maximize the long‑term share value of the Company through the active management of its assets, accretive acquisitions, and the performance of value‑added capital improvement programs on selected properties, as deemed appropriate. For further information on Temple, please visit our website at www.templehotels.ca.

This press release contains certain statements regarding the assignment of the asset management which may constitute forward-looking information. The forward-looking information is subject to certain risks and uncertainties, which could result in actual events or results differing materially from the forward-looking statements.