CARIBBEAN
UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR
TRADING IN UNITED STATES FUNDS ON
THE TORONTO STOCK EXCHANGE.
/NOT FOR DISTRIBUTION TO US NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
GRAND CAYMAN, Cayman Islands, May 11,
2017 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U)
("CUC" or "the Company") announced that the nominees listed in the
Company's Notice to Shareholders and Management Information
Circular dated March 13, 2017 were
elected as Directors of Caribbean Utilities Company, Ltd at the
Company's Annual Meeting of Shareholders held on May 11, 2017 in Grand
Cayman, Cayman Islands.
Election of Directors
The following nominees were elected to serve as directors of CUC
until the next annual meeting of the Company or until their
successors are elected or appointed. Notwithstanding that the
motions were passed by a show of hands vote at the meeting, the
votes recorded by proxy in advance of the meeting were as
follows:
Nominees
|
Votes
For
|
Votes
Withheld
|
Mr. J. Bryan
Bothwell
|
20,111,539
|
98.30%
|
348,334
|
1.70%
|
Mrs. Jennifer P.
Dilbert
|
20,111,262
|
98.30%
|
348,611
|
1.70%
|
Mrs. Sheree
Ebanks
|
20,111,539
|
98.30%
|
348,334
|
1.70%
|
Mr. Woodrow
Foster
|
20,111,439
|
98.30%
|
348,434
|
1.70%
|
Mr. J.F. Richard
Hew
|
20,111,538
|
98.30%
|
348,335
|
1.70%
|
Mr. Earl. A.
Ludlow
|
19,993,594
|
97.72%
|
466,279
|
2.28%
|
Mr. Eddinton M.
Powell
|
19,992,595
|
97.72%
|
467,278
|
2.28%
|
Mr. David E.
Ritch
|
20,111,539
|
98.30%
|
348,335
|
1.70%
|
Mr. Gary
Smith
|
20,111,438
|
98.30%
|
348,435
|
1.70%
|
Mr. Peter A.
Thomson
|
20,110,539
|
98.29%
|
349,334
|
1.71%
|
Mr. Lynn R.
Young
|
20,111,439
|
98.30%
|
348,434
|
1.70%
|
Change of Auditors
Shareholders of the Company approved the appointment of Deloitte
LLP. as auditors of CUC until the next annual meeting of the
Company, and the Board of Directors was authorized to fix the
auditors' remuneration.
Notwithstanding that the resolutions were passed by a show of
hands vote at the meeting, the votes recorded by proxy in advance
of the meeting were as follows:
Votes
For
|
Votes
Withheld
|
22,798,771
|
99.88%
|
28,405
|
0.12%
|
CUC provides electricity to Grand
Cayman, Cayman Islands,
under a non-exclusive Electricity Generation Licence expiring in
2039 and an exclusive Electricity Transmission and Distribution
Licence expiring in 2028. Further information is available at
www.cuc-cayman.com.
Caribbean Utilities Company, Ltd. ("CUC" or "the Company"), on
occasion, includes forward-looking statements in its media
releases, Canadian securities regulatory authorities filings,
shareholder reports and other communications. Forward-looking
statements include statements that are predictive in nature, depend
upon future events or conditions, or include words such as
"expects", "anticipates", "plan", "believes", "estimates",
"intends", "targets", "projects", "forecasts", "schedule", or
negative versions thereof and other similar expressions, or future
or conditional verbs such as "may", "will", "should", "would" and
"could". Forward-looking statements are based on underlying
assumptions and management's beliefs, estimates and opinions, and
are subject to certain risks and uncertainties surrounding future
expectations generally that may cause actual results to vary from
plans, targets and estimates. Such risks and uncertainties include
but are not limited to operational, general economic, market and
business conditions, regulatory developments and weather
conditions. CUC cautions readers that actual results may vary
significantly from those expected should certain risks or
uncertainties materialize or should underlying assumptions prove
incorrect. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise except as
required by law.
SOURCE Caribbean Utilities Company, Ltd.