TORONTO, Oct. 13, 2020 /CNW/ - (TSX: CGX) - Cineplex Inc.
("Cineplex" or the "Company") is pleased to announce that, at its
annual and special meeting of shareholders held today, each of the
items of business referred to in its management information
circular dated August 28, 2020 (the
"Management Information Circular") was passed by a vote held by
ballot. The voting results for each item of business are as
follows:
Election of Directors:
Each of the nominee directors
listed in the Management Information Circular was elected as a
director of the Company. Cineplex received the following proxies
with regard to voting on the nine directors nominated for
election:
Name of
Nominee
|
% Votes
For
|
% Votes
Withheld
|
Jordan
Banks
|
99.34%
|
0.66%
|
Robert
Bruce
|
98.80%
|
1.20%
|
Joan Dea
|
99.22%
|
0.78%
|
Janice
Fukakusa
|
99.15%
|
0.85%
|
Donna
Hayes
|
99.29%
|
0.71%
|
Ellis
Jacob
|
99.32%
|
0.68%
|
Sarabjit
Marwah
|
99.21%
|
0.79%
|
Nadir
Mohamed
|
59.53%
|
40.47%
|
Phyllis
Yaffe
|
99.21%
|
0.79%
|
Appointment of Auditors:
The appointment of
PricewaterhouseCoopers LLP as auditors of the Company was approved.
Votes were received as follows:
Votes
For: 99.53%
Votes
Withheld: 0.47%
Advisory Vote on Say-on-Pay:
The non-binding
say-on-pay advisory resolution as set forth in the Management
Information Circular on the Company's approach to executive
compensation was approved. Votes were received as follows:
Votes
For: 97.31%
Votes Against: 2.69%
Ratification and Approval of Shareholder Rights
Plan:
The resolution to adopt the Company's shareholder
rights plan as set forth in the Management Information Circular was
approved. Votes were received as follows:
Votes
For:
89.61%
Votes Against: 10.39%
Ratification and Approval of Omnibus Equity Incentive
Plan:
The resolution approving and ratifying the Company's
omnibus equity incentive plan as set forth in the Management
Information Circular was approved. Votes were received as
follows:
Votes
For:
96.44%
Votes
Against: 3.56%
About Cineplex
Cineplex (TSX: CGX) is a top-tier
Canadian brand that operates in the film entertainment and content,
amusement and leisure, and media sectors. As a leading
entertainment and media company, Cineplex welcomes millions of
guests annually through its circuit of theatres and location-based
entertainment ("LBE") venues across the country. In addition to
being Canada's largest and most
innovative film exhibitor, Cineplex also operates successful
businesses in digital commerce (CineplexStore.com), food service,
alternative programming (Cineplex Events), cinema media (Cineplex
Media), digital place-based media (Cineplex Digital Media "CDM")
and amusement solutions (Player One Amusement Group "P1AG").
Additionally, Cineplex operates an LBE business through
Canada's newest destinations for
'Eats & Entertainment' (The Rec Room), and entertainment
complexes specifically designed for teens and families (Playdium).
Cineplex is a joint venture partner in SCENE, Canada's largest entertainment loyalty
program.
Proudly recognized as having one of the country's Most Admired
Corporate Cultures, Cineplex employs approximately 13,000
people in its offices across Canada and the United States. To learn
more visit Cineplex.com or download the Cineplex App.
SOURCE Cineplex