Kensington Court Ventures Inc. Adopts Advance Notice Policy for Nominating Directors
Suite 1220 – 1066 West Hastings Street Vancouver, BC V6E 3X1 Tel: +1 604.806.0916 Fax: +1 604.806.0956
FOR IMMEDIATE RELEASE Symbol: KCT: TSX–V
Kensington Court Ventures Inc. Adopts Advance Notice Policy for Nominating Directors
Vancouver, British Columbia: Kensington Court Ventures Inc. (TSXV: KCT) (“Kensington” or the “Company”) announces that the Board of Directors of the Company (the “Board”) has approved the adoption of an advance notice policy (the “Policy”) to provide shareholders, directors and management of Kensington with a clear framework for nominating directors. The Policy is meant to: (i) facilitate an orderly and efficient annual general and/or special meeting process; (ii) ensure all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote, having been afforded reasonable time for appropriate deliberation.
The Policy contains a provision that requires advance notice to Kensington in circumstances where nominations of persons for election to the Board are made by shareholders of Kensington. The Policy fixes deadlines by which shareholders of record of Kensington must submit director nominations to Kensington prior to any annual or special meeting of shareholders, and sets forth the information a shareholder must include in the notice to Kensington for an effective nomination to occur. No person will be eligible for election as a director of Kensington unless nominated in accordance with the provisions of the Policy.
In the case of an annual meeting of shareholders, the deadline for notice to Kensington pursuant to the Policy is not less than 30 days, or more than 65 days, prior to the date of the annual meeting of shareholders; provided, however, that in the event an annual meeting of shareholders is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of such annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting (which is not also an annual meeting) of shareholders called for the purpose of electing directors (whether or not called for any other purposes), the deadline for notice to Kensington pursuant to the Policy is no later than the close of business on the 15th day following the day on which the first public announcement of the date of such special meeting was first made.
At the next annual general meeting of shareholders, the Company will ask shareholders to ratify and confirm the adoption of the Policy. The Board has adopted the Policy and it will be effective and in full force and effect as of October 18, 2013.
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The full text of the Policy is available upon request by contacting Kensington Court Ventures Inc. at (604) 806-0916, or by email at [email protected].
On behalf of the Board of
KENSINGTON COURT VENTURES INC.
“C. Geoffrey Hampson”
C. Geoffrey Hampson President, CEO, Corporate Secretary and Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
AC/2508277.1