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Vecima Announces Voting Results from AGM

VICTORIA, British Columbia, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today announced the voting results of the company’s special and annual general meeting of shareholders held on November 27, 2017. All the shareholders’ resolutions were approved. 

Election of Directors
The number of directors was set at five and the five nominees of management were elected as directors at the meeting. The election of directors was conducted by show of hands.  In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:



Nominee
Votes Represented
at the Meeting

Votes Withheld
by Proxy

%
Withheld
by Proxy
Surinder Kumar17,490,4754,3000.02
T. Kent Elliott17,488,1754,0000.02
Sumit Kumar17,488,1754,0000.02
Danial Faizullabhoy17,488,1754,0000.02
Ben Colabrese17,488,1754,0000.02

Continuation of Stock Option Plan
At the meeting the amendment and the continuation of the stock option plan was approved with 17,174,850 shares for and 317,626 shares against representing 98.18% and 1.82% of the respective votes cast.

Appointment of Auditors
At the meeting, Deloitte LLP was re-appointed as auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration.

About Vecima Networks
Vecima Networks Inc. (TSX:VCM) is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Vecima products for the cable industry allow service providers a cost-effective Last Mile Solution® for both video and broadband access, especially in the demanding business services market segment. Vecima also provides fleet managers the key information and analytics they require to optimally manage their business under the Contigo, Nero Global Tracking, and FleetLynx brands. For more information, please visit our website at www.vecima.com.

Vecima Networks
Investor Relations - 250-881-1982
[email protected]

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