VersaBank Announces the Results of Its 2018 Meeting of Shareholders

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Apr 26, 2018 12:26 pm
LONDON, Ontario -- 

VersaBank (TSX:VB) reports the results of its 2018 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 25, 2018.

Each of the director nominees listed in VersaBank’s management information circular dated March 1, 2018 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

           
Director

Number of
Votes Cast

     

Percentage of
Votes Cast

Robbert-Jan Brabander In Favour: 13,416,298 99.65 %
Withheld: 46,854 0.35 %
David A. Bratton In Favour: 13,362,876 99.26 %
Withheld: 100,276 0.74 %
Richard W. Carter In Favour: 13,416,994 99.66 %
Withheld: 46,158 0.34 %
Arnold E. Hillier In Favour: 13,409,938 99.60 %
Withheld: 53,214 0.40 %
The Honourable Thomas A. In Favour: 13,409,840 99.60 %
Hockin Withheld: 53,312 0.40 %
Colin E. Litton In Favour: 13,416,966 99.66 %
Withheld: 46,186 0.34 %
Susan T. McGovern In Favour: 13,412,838 99.63 %
Withheld: 50,314 0.37 %
Paul G. Oliver In Favour: 13,416,846 99.66 %
Withheld: 46,306 0.34 %
Avery Pennarun In Favour: 13,412,807 99.63 %
Withheld: 50,345 0.37 %
David R. Taylor In Favour: 13,409,868 99.60 %
Withheld: 53,284 0.40 %
 

At the meeting the Shareholders also:

  • approved the re-appointment of KPMG LLP as auditors of the Bank;
  • approved an amendment to section 4.1 of By-Law No. 1 of VersaBank decreasing the fixed number of directors to ten; and
  • approved an addition of a new section 3.4 to By-Law No. 1 of VersaBank regarding quorum for meetings of shareholders.

VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About VersaBank

VersaBank is a technology based, digital Canadian Schedule I chartered bank. It operates using an “electronic branchless model” and sources its funding, along with consumer and commercial loan and lease receivables, electronically. VersaBank also makes residential development and commercial mortgages it obtains through a well-established network of brokers and through direct contact with its lending staff. VersaBank’s Common Shares trade on the TSX under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.

Visit our website at: http://www.versabank.com

VersaBank
Investor Relations:
Wade MacBain, 800-244-1509
[email protected]

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