All Sherritt Director Nominees Re-elected with over 95% Shareholder Support
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All Sherritt Director Nominees Re-elected with over 95% Shareholder Support
TORONTO, May 12, 2015 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) is pleased to announce the voting results of the Annual Meeting of Shareholders held earlier today. Total shares represented in person or by proxy were 159,520,553 or 54.3% of shares issued and outstanding. All motions requiring a vote were affirmed by a large majority. The non-binding advisory resolution addressing the Corporation’s approach to Executive Compensation, more commonly known as “Say on Pay”, received a 93.7% favourable vote, and voting for the eight individual members of the Board of Directors was as follows:
| Nominee | Total Votes For | % for | Total Votes Withheld | % withheld |
|---|---|---|---|---|
| Harold (Hap) Stephen | 149,464,656 | 95.47 | 7,087,044 | 4.53 |
| Timothy Baker | 151,091,700 | 96.51 | 5,460,000 | 3.49 |
| R. Peter Gillin | 149,023,151 | 95.19 | 7,528,549 | 4.81 |
| Sir Richard Lapthorne | 150,184,122 | 95.93 | 6,367,578 | 4.07 |
| Adrian Loader | 150,087,967 | 95.87 | 6,463,733 | 4.13 |
| Edythe A. (Dee) Marcoux | 149,173,333 | 95.29 | 7,378,367 | 4.71 |
| Lisa Pankratz | 149,185,971 | 95.30 | 7,365,729 | 4.70 |
| David V. Pathe | 149,924,326 | 95.77 | 6,627,374 | 4.23 |
The full Report of Voting Results has been filed on SEDAR at www.sedar.com.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
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For further information, please contact:
Investor Relations Telephone: 416-935-2451 Toll-Free: 1-800-704-6698 Email: [email protected] www.sherritt.com