Algonquin Power & Utilities Corp. Announces Election of Board of Directors and
Expands Board with the Nomination and Election of Masheed Saidi
OAKVILLE, ON, June 19, 2014
OAKVILLE, ON, June 19, 2014 /PRNewswire/ -Algonquin Power & Utilities Corp.
("APUC") (TSX: AQN) announced that all the nominees listed in its Management
Information Circular dated May 14, 2014 were elected as directors of APUC
until the next annual meeting of shareholders. The detailed voting results are
set out below.
The APUC board of directors (the "Board") is very pleased to welcome Masheed
Saidi to the Board who is a registered professional engineer with 30 years of
operational and business leadership experience in the regulated utility
industry. Ms. Saidi is an executive consultant of Energy Initiatives Group, a
specialized group that provides technical, commercial and business consulting
services to utilities, independent system operators, government agencies and
others in the energy industry. Until 2010, Ms. Saidi was the Chief Operating
Officer and Executive Vice President of U.S. Transmission for National Grid
USA. Ms. Saidi brings valuable utility experience and a U.S. presence to the
board, strategically aligning with APUC's growing U.S. footprint.
On a vote by ballot, each of the following seven nominees proposed by
management was elected as a director of APUC:
Nominee Votes For % For Votes Withheld % Withheld
Christopher Ball 117,265,641 98.68% 1,563,166 1.32%
Christopher 89,438,198 75.27% 29,390,609 24.73%
Christopher Jarratt 105,191,739 88.52% 13,637,068 11.48%
Kenneth Moore 117,781,619 99.12% 1,047,188 0.88%
Ian Robertson 105,227,618 88.55% 13,601,189 11.45%
Masheed Saidi 118,612,950 99.82% 215,857 0.18%
George Steeves 117,781,865 99.12% 1,046,942 0.88%
Additionally, the following votes were cast at the meeting:
Resolution Votes For % For Votes Against % Against
Advisory Resolution on
Approach to Executive 117,488,107 98.87% 1,340,700 1.13%
Adoption of the
Restricted 99,553,617 83.78% 19,275,190 16.22%
Share Unit Plan
About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities owns and operates a diversified$3.7
billionportfolio of regulated and non-regulated utilities inNorth America.
The regulated utility business provides water, electricity and natural gas
utility services to over 480,000 customers through a portfolio of regulated
generation, transmission and distribution utility systems. The non-regulated
electric generation subsidiary owns or has interests in renewable energy and
thermal energy facilities representing more than 1,100 MW of installed
capacity. Algonquin Power & Utilities delivers continuing growth through an
expanding pipeline of renewable power and clean energy projects, organic
growth within its regulated utilities and the pursuit of accretive acquisition
opportunities. Common shares and preferred shares are traded on the Toronto
Stock Exchange under the symbols AQN, AQN.PR.A and AQN.PR.D. Visit Algonquin
Power & Utilities atwww.AlgonquinPowerandUtilities.comand follow us on
SOURCE Algonquin Power & Utilities Corp.
Contact: Kelly Castledine, Algonquin Power & Utilities Corp., 2845 Bristol
Circle, Oakville, Ontario, L6H 7H7, Telephone: (905) 465-4500, Website:
www.AlgonquinPowerandUtilities.com, Twitter: AQN_Utilities
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