The North West Company Inc. Announces Voting Results of its Annual Meeting of Shareholders

WINNIPEG, MB, June 10, 2020 /CNW/ - The North West Company Inc. (TSX: NWC) ("North West") today announced voting results for the election of directors at its annual general meeting of shareholders held today, June 10, 2020, via live audio webcast (the "Meeting"). Each of the nominees listed in the management information circular dated April 27, 2020 was elected as a director of North West at the Meeting.

A total of 19,813,295 variable voting and common shares representing approximately 41% of all of North West's issued and outstanding shares were voted in connection with the Meeting. Shareholders approved all items of business before the Meeting, including the election of directors as follows:

Nominee	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
H. Sanford Riley	19,354,411	97.68	458,874	2.32
Brock Bulbuck	19,267,696	97.25	545,589	2.75
Deepak Chopra	19,504,516	98.44	308,769	1.56
Frank J. Coleman	17,389,557	87.77	2,423,728	12.23
Wendy F. Evans	17,467,270	88.16	2,346,015	11.84
Stewart Glendinning	19,752,027	99.69	61,258	0.31
Edward S. Kennedy	19,765,862	99.76	47,423	0.24
Annalisa King	19,546,060	98.65	267,225	1.35
Violet (Vi) A.M. Konkle	19,548,902	98.67	264,383	1.33
Jennefer Nepinak	19,541,510	98.63	271,775	1.37
Eric L. Stefanson	19,424,830	98.04	388,455	1.96
Victor Tootoo	19,757,093	99.72	56,202	0.28

In addition, North West reports that:

1. an ordinary resolution approving the appointment of PricewaterhouseCoopers LLP as North West's auditors for the 2020 fiscal year was passed by a majority of the votes represented at the Meeting; and
   
   
2. an advisory resolution accepting North West's board's approach to executive compensation was passed by a majority of the votes represented at the Meeting.

Details of the voting results on all matters considered at the Meeting are available in North West's report of voting results, which is available under North West's profile on SEDAR at www.sedar.com.

ABOUT THE NORTH WEST COMPANY INC.

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 250 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.0 billion.

The variable voting and common shares of North West trade on the Toronto Stock Exchange under the symbol "NWC".

 

SOURCE The North West Company Inc.

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