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Northland Power Reports on the 2018 Annual General Meeting

May 23, 2018

TORONTO, May 23, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX:NPI) today announced the results of the election of Directors at its Annual General Meeting (“the Meeting”) held on May 23, 2018 in Toronto, Ontario.

The total number of voting shares represented by shareholders present in person and by proxy at the Meeting was 127,123,880, representing 72.2% of Northland’s outstanding voting shares.

The seven nominees proposed by Management for election as Directors were elected by a show of hands. Proxies were received as follows:

NomineeVotes ForPercentWithheldPercent
James C. Temerty, C.M.113,943,00389.70%13,086,09510.30%
The Right Honourable John N. Turner, Q.C.124,906,89898.33%  2,122,2001.67%
Dr. Marie Bountrogianni118,135,70993.00%  8,893,3897.00%
John W. Brace124,249,02497.81%  2,780,0742.19%
Linda L. Bertoldi102,557,21480.74%24,471,88419.26%
Barry Gilmour125,942,24599.14%  1,086,8530.86%
Russell Goodman125,368,06498.69%  1,661,0341.31%

The Appointment of Ernst & Young LLP to serve as the independent auditors of Northland, and setting of their remuneration, until the next annual meeting was approved by a show of hands.  Proxies were received as follows:

Votes ForPercentWithheldPercent
125,347,12998.60%1,776,7511.40%

Northland’s approach to executive compensation was accepted by a show of hands. Proxies were received as follows:

Votes ForPercentAgainstPercent
125,676,57998.94%1,351,8191.06%

ABOUT NORTHLAND

Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce ‘clean’ (natural gas) and ‘green’ (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities.

The Company owns or has a net economic interest in 2,029 MW of operating generating capacity and 252 MW of generating capacity under construction, representing the Deutsche Bucht offshore wind project, in addition to the 300 MW (net 180 MW) of grid capacity allocated to the Hai Long 2 offshore wind project. Northland’s cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.

For further information contact:
Barb Bokla, Manager, Investor Relations, 647-288-1438
investorrelations@northlandpower.com
www.northlandpower.com

 

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