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 /CNW/ - 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 Huskilson 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% Compensation Adoption of the Performance and 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 billion portfolio of regulated and non-regulated utilities in North 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 at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities. SOURCE Algonquin Power & Utilities Corp. Kelly Castledine, Algonquin Power & Utilities Corp., 2845 Bristol Circle, Oakville, Ontario, L6H 7H7, Telephone: (905) 465-4500, Website: www.AlgonquinPowerandUtilities.com, Twitter: AQN_Utilities To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2014/19/c2051.html CO: Algonquin Power & Utilities Corp. ST: Ontario NI: OIL 2575 WNEWS -0- Jun/19/2014 18:16 GMT
Algonquin Power & Utilities Corp. Announces Election of Board of Directors and Expands Board with the Nomination and Election o
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