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Tue, 10 Apr 2018 20:45 GMT
MONTREAL, April 10, 2018 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX:LB) announces that the candidates nominated for a position of Director of Laurentian Bank of Canada (the “Bank”), as identified in the Management Proxy Circular dated February 27, 2018, were all elected. The election took place earlier today in Montreal, during the Annual Meeting of holders of common shares of the Bank. The detailed results of the vote are set out below.
The 11 candidates proposed by management and whose name is indicated below were elected as Directors of the Bank:
|Candidate||Votes For||Votes Withheld|
|Michael T. Boychuk||20,578,554||95.55||%||958,663||4.45||%|
|A. Michel Lavigne||21,446,074||99.58||%||91,143||0.42||%|
|Michelle R. Savoy||21,453,472||99.61||%||83,745||0.39||%|
|Susan Wolburgh Jenah||21,450,757||99.60||%||86,460||0.40||%|
Voting results on all matters voted on at the Annual Meeting of the holders of common shares of the Bank will be published shortly on www.laurentianbank.ca, and filed with Canadian securities regulators.
About Laurentian Bank
Laurentian Bank of Canada is a financial institution whose activities extend mainly across Canada. Founded in 1846, its mission is to help customers improve their financial health and it is guided by values of proximity, simplicity and honesty.
The Bank serves one and a half million clients throughout the country and employs more than 3,700 individuals, which makes it a major player in numerous market segments. The Bank caters to the needs of retail clients via its branch network based in Quebec. The Bank also stands out for its know-how among small and medium-sized enterprises and real estate developers owing to its specialized teams across Canada. Its subsidiary B2B Bank is, for its part, one of the major Canadian leaders in providing banking products and services and investment accounts through financial advisors and brokers. Laurentian Bank Securities offers integrated brokerage services to a clientele of institutional and retail investors.
The Bank has $47 billion in balance sheet assets and $31 billion in assets under administration.
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