Press Releases
May 15, 2020

Power Corporation Announces Election of Directors

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MONTRÉAL, May 15, 2020 /CNW Telbec/ - In accordance with the Toronto Stock Exchange Company Manual, Power Corporation of Canada (TSX: POW) is issuing this news release to disclose that the nominees listed in its Management Proxy Circular dated March 18, 2020 were elected as its Directors. The detailed results of the vote at its virtual Annual Meeting of Shareholders held earlier today in Montréal, Québec are set forth below.

On a vote by ballot, each of the following nominees proposed by management was elected as a Director:

Nominee  


Votes For

% For

Votes Withheld

% Withheld 

Pierre Beaudoin

Total

903,579,977

98.89%

10,135,941

1.11%


Subordinate Voting Shares

356,591,157

97.24%

10,114,241

2.76%


Participating Preferred Shares

546,988,820

100.00%

21,700

0.00%

Marcel R. Coutu

Total

882,021,813

96.53%

31,694,105

3.47%


Subordinate Voting Shares

335,031,293

91.36%

31,674,105

8.64%


Participating Preferred Shares

546,990,520

100.00%

20,000

0.00%

André Desmarais

Total

758,347,271

83.00%

155,368,647

17.00%


Subordinate Voting Shares

211,356,751

57.64%

155,348,647

42.36%


Participating Preferred Shares

546,990,520

100.00%

20,000

0.00%

Paul Desmarais, Jr.

Total

744,980,375

81.53%

168,735,543

18.47%


Subordinate Voting Shares

197,989,855

53.99%

168,715,543

46.01%


Participating Preferred Shares

546,990,520

100.00%

20,000

0.00%

Gary A. Doer

Total

906,947,814

99.26%

6,768,104

0.74%


Subordinate Voting Shares

359,937,294

98.15%

6,768,104

1.85%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

Anthony R. Graham

Total

862,243,475

94.37%

51,472,443

5.63%


Subordinate Voting Shares

315,232,955

85.96%

51,472,443

14.04%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

J. David A. Jackson

Total

904,295,146

98.97%

9,420,772

1.03%


Subordinate Voting Shares

357,284,626

97.43%

9,420,772

2.57%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

Paula B. Madoff

Total

911,355,021

99.74%

2,360,897

0.26%


Subordinate Voting Shares

364,344,501

99.36%

2,360,897

0.64%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

Isabelle Marcoux

Total

901,661,078

98.68%

12,054,840

1.32%


Subordinate Voting Shares

354,650,558

96.71%

12,054,840

3.29%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

Christian Noyer

Total

877,528,924

96.04%

36,186,994

3.96%


Subordinate Voting Shares

330,518,404

90.13%

36,186,994

9.87%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

R. Jeffrey Orr

Total

899,653,972

98.46%

14,061,946

1.54%


Subordinate Voting Shares

352,643,452

96.17%

14,061,946

3.83%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

T. Timothy Ryan, Jr.

Total

908,148,215

99.39%

5,567,703

0.61%


Subordinate Voting Shares

361,137,695

98.48%

5,567,703

1.52%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

Siim A. Vanaselja

Total

892,092,516

97.63%

21,623,402

2.37%


Subordinate Voting Shares

345,081,996

94.10%

21,623,402

5.90%


Participating Preferred Shares

547,010,520

100.00%

0

0.00%

About Power Corporation

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. To learn more, visit www.PowerCorporation.com.

SOURCE Power Corporation of Canada

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