--Declares quarterly dividend--
TORONTO, June 2, 2020 /CNW/ - Aecon Group Inc. (TSX: ARE)
("Aecon" or the "Corporation") announced today that the nominees
listed in the Management Information Circular dated May 4, 2020 were elected as directors of Aecon,
to hold office until the close of the next Annual General Meeting
of the Corporation or until their successors are appointed.
Shareholders also adopted all other resolutions submitted for
their approval, including the advisory vote on the Corporation's
approach to executive compensation, as disclosed in the
Management Information Circular dated May 4,
2020, and the appointment of PricewaterhouseCoopers LLP as
the auditors of the Corporation to hold office until the close of
the next Annual General Meeting of the Corporation.
The complete voting results for each item of business are as
follows:
Election of Directors
Name of
Nominee
|
Votes in
Favour
|
% Votes in
Favour
|
Votes
Withheld
|
% Votes
Withheld
|
John M.
Beck
|
34,013,352
|
93.46%
|
2,380,679
|
6.54%
|
John W.
Brace
|
36,302,436
|
99.75%
|
91,595
|
0.25%
|
Joseph A.
Carrabba
|
19,584,872
|
53.81%
|
16,809,159
|
46.19%
|
Anthony P.
Franceschini
|
36,332,519
|
99.83%
|
61,512
|
0.17%
|
J.D. Hole
|
36,314,048
|
99.78%
|
79,983
|
0.22%
|
Susan Wolburgh
Jenah
|
36,113,883
|
99.23%
|
280,148
|
0.77%
|
Eric
Rosenfeld
|
34,290,923
|
94.22%
|
2,103,108
|
5.78%
|
Jean-Louis
Servranckx
|
36,325,627
|
99.81%
|
68,404
|
0.19%
|
Monica
Sloan
|
36,261,179
|
99.63%
|
132,852
|
0.37%
|
Deborah S.
Stein
|
35,895,462
|
98.63%
|
498,569
|
1.37%
|
Appointment and Remuneration of Auditors
Votes in
Favour
|
% Votes in
Favour
|
Votes
Withheld
|
% Votes
Withheld
|
36,367,730
|
99.59%
|
150,000
|
0.41%
|
Corporation's Approach to Executive Compensation
Votes in
Favour
|
% Votes in
Favour
|
Votes
Against
|
% Votes
Against
|
35,862,577
|
98.54%
|
531,054
|
1.46%
|
DIVIDEND
Aecon's quarterly dividend of 16 cents per share will
be paid on July 3, 2020 to shareholders of record on June
23, 2020.
About Aecon
As a Canadian leader in construction and infrastructure
development with global expertise, Aecon Group Inc. (TSX: ARE)
strives to be the number one Canadian infrastructure company. Aecon
safely, profitably and sustainably delivers integrated solutions to
private and public-sector clients through its Construction segment
in the Civil, Urban Transportation, Nuclear, Utility and Industrial
sectors, and provides project development, financing, investment
and management services through its Concessions segment. Join our
online community on Twitter, LinkedIn, Facebook and Instagram
@AeconGroup.
Statement on Forward-Looking Information
The information in this press release includes certain
forward-looking statements. These forward-looking statements are
based on currently available competitive, financial and economic
data and operating plans but are subject to risks and
uncertainties. Forward-looking statements may include,
without limitation, statements regarding the operations, business,
financial condition, expected financial results, performance,
prospects, ongoing objectives, strategies and outlook for
Aecon. Forward-looking statements may in some cases be
identified by words such as "will," "plans," "believes," "expects,"
"anticipates," "estimates," "projects," "intends," "should" or the
negative of these terms, or similar expressions. In addition to
events beyond Aecon's control, there are factors which could cause
actual or future results, performance or achievements to differ
materially from those expressed or inferred herein including, but
not limited to: the timing of projects, unanticipated costs and
expenses, the failure to recognize and adequately respond to
climate change concerns or public and governmental expectations on
climate matters, general market and industry conditions and
operational and reputational risks, including large project risk
and contractual factors and risks relating to the COVID-19
pandemic. Readers are referred to the specific risk factors
relating to and affecting Aecon's business and operations as filed
by Aecon pursuant to applicable securities laws. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and Aecon
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
SOURCE Aecon Group Inc.