March 21, 2016 - Financial releases
Montréal, March 22, 2016 – Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) is pleased to announce that the two resolutions proposed, i.e. the resolution for the election of directors and the resolution for the appointment of KPMG LLP, have all been adopted at its Annual Meeting of Shareholders that was held today.
Election of directors
Each of the four nominees listed in the Management Proxy Circular dated February 12, 2016 were elected as directors of Valener. The results of the votes cast are as follows:
|Name||Votes for||%||Votes Withheld||%|
Valener is a widely held public company that serves as the investment vehicle in Gaz Métro. Through its investment in Gaz Métro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Quebec and Vermont. As a strategic partner, Valener, on the one hand, contributes to Gaz Métro’s growth, and on the other, invests in wind power production in Quebec alongside Gaz Métro. Valener favours energy sources and uses that are innovative, clean, competitive and profitable. Valener’s common and preferred shares are listed on the Toronto Stock Exchange under the “VNR” symbol for common shares and under the “VNR.PR.A” symbol for Series A preferred shares.
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