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

 

WINNIPEG, MB, June 8, 2022 /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 8, 2022, via live audio webcast (the "Meeting"). Each of the nominees listed in the management information circular dated April 13, 2022 was elected as a director of North West at the Meeting.

A total of 21,997,021 variable voting and common voting shares representing 45.81% 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
Brock Bulbuck	21,578,809	98.19%	398,212	1.81%
Deepak Chopra	21,179,609	96.37%	797,412	3.63%
Frank Coleman	19,814,216	90.16%	2,162,805	9.84%
Stewart Glendinning	21,498,425	97.82%	478,596	2.18%
Annalisa King	21,105,968	96.04%	871,053	3.96%
Violet Konkle	21,775,904	99.08%	201,117	0.92%
Steven Kroft	21,864,593	99.49%	112,428	0.51%
Daniel McConnell	21,885,119	99.58%	91,902	0.42%
Jennefer Nepinak	21,776,663	99.09%	200,358	0.91%
Victor Tootoo	21,528,531	97.96%	448,490	2.04%

In addition, North West reports that:

1. an ordinary resolution approving the appointment of PricewaterhouseCoopers LLP as North West's auditors for the 2022 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 216 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 voting shares of North West trade on the Toronto Stock Exchange under the symbol "NWC".

SOURCE The North West Company Inc.

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