Mount Logan Capital Inc. Reports Results of Election of Directors
June 07 2024 - 2:03PM
Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan,” “our,”
“we,” or the “Company”) announced that at the annual and special
meeting of shareholders held on June 7, 2024 (the “Meeting”), each
of the six nominees listed in the management information circular
dated May 8, 2024 (the “Circular”) were elected as directors of the
Company. A total of 36,570,692 common shares or 70.88% of Mount
Logan’s issued and outstanding common shares were voted in
connection with the Meeting. The detailed results of the vote for
each of the six elected directors are set out below.
Nominee |
Votes For |
Percentage of VotesFor |
Votes Withheld |
Percentage of VotesWithheld |
Edward Goldthorpe |
34,218,844 |
97.67% |
817,652 |
2.33% |
Perry Dellelce |
34,218,844 |
97.67% |
817,652 |
2.33% |
Sabrina Liak |
34,218,844 |
97.67% |
817,652 |
2.33% |
Rudolph Reinfrank |
34,978,284 |
99.83% |
58,212 |
0.17% |
David Allen |
32,656,294 |
93.21% |
2,380,202 |
6.79% |
Buckley Ratchford |
34,978,284 |
99.83% |
58,212 |
0.17% |
Furthermore, shareholders approved all other
resolutions put before the Meeting as described in the Circular,
being: (i) the re-appointment of Deloitte & Touche LLP as
auditor; (ii) approval of the amendments to stock option plan of
the Company, including all unallocated options, rights and other
entitlements thereunder; and (iii) approval of the amendments to
the performance and restricted share unit plan of the Company,
including all unallocated awards, rights and other entitlements
thereunder.
Ted Goldthorpe, CEO and Chairman of Mount Logan,
noted, “We are pleased with the engagement of our shareholders and
their support of our board members and strategic plan. We will
continue to seek an active and constructive dialogue with existing
and prospective shareholders.”
About Mount Logan Capital
Inc.Mount Logan Capital Inc. is an alternative asset
management and insurance solutions company that is focused on
public and private debt securities in the North American market and
the reinsurance of annuity products, primarily through its
wholly-owned subsidiaries Mount Logan Management LLC and Ability
Insurance Company (“Ability”), respectively. The
Company also actively sources, evaluates, underwrites, manages,
monitors and primarily invests in loans, debt securities, and other
credit-oriented instruments that present attractive risk-adjusted
returns and present low risk of principal impairment through the
credit cycle.
Ability is a Nebraska domiciled insurer and
reinsurer of long-term care policies acquired by Mount Logan in the
fourth quarter of fiscal year 2021. Ability is unique in the
insurance industry in that its long-term care portfolio’s morbidity
risk has been largely re-insured to third parties, and Ability is
no longer insuring or re-insuring new long-term care risk.
This press release is not, and should not be
construed as, an offer to sell or acquire any securities in any
jurisdiction.
For additional information, please contact:
Nikita KlassenChief Financial
OfficerNikita.Klassen@mountlogancapital.ca
Mount Logan Capital Inc. 365 Bay Street, Suite 800Toronto, ON
M5H 2V1
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