TORONTO, May 24, 2023
/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 April 19, 2023 (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
|
84.23 %
|
15.77 %
|
Robert Bruce
|
84.23 %
|
15.77 %
|
Joan Dea
|
84.42 %
|
15.58 %
|
Janice
Fukakusa
|
84.45 %
|
15.55 %
|
Donna Hayes
|
84.44 %
|
15.56 %
|
Ellis Jacob
|
84.42 %
|
15.58 %
|
Sarabjit
Marwah
|
84.36 %
|
15.64 %
|
Nadir
Mohamed
|
84.29 %
|
15.71 %
|
Phyllis
Yaffe
|
84.41 %
|
15.59 %
|
Appointment of Auditors:
The appointment of
PricewaterhouseCoopers LLP as auditors of the Company was approved.
Votes were received as follows:
Votes For:
77.69%
Votes Withheld:
22.31%
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:
76.13%
Votes Against:
23.87%
Reconfirm the Shareholder's Rights Plan:
The
resolution as set forth in the Management Information Circular to
reconfirm the shareholders rights plan agreement. Votes were
received as follows:
Votes For:
76.32%
Votes
Against:
23.68%
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. Cineplex offers a unique
escape from the everyday to millions of guests through its circuit
of over 170 movie theatres and location-based entertainment venues.
In addition to being Canada's
largest and most innovative film exhibitor, the company operates
Canada's favourite destination for
'Eats & Entertainment' (The Rec Room), complexes specially
designed for teens and families (Playdium), and a newly launched
entertainment concept that brings movies, amusement gaming, dining,
and live performances together under one roof (Cineplex Junxion).
It also operates successful businesses in digital commerce
(CineplexStore.com), alternative programming (Cineplex Events),
motion picture distribution (Cineplex Pictures), cinema media
(Cineplex Media), digital place-based media (Cineplex Digital
Media) and amusement solutions (Player One Amusement Group).
Providing even more value for its guests, Cineplex is a partner in
Scene+, Canada's largest
entertainment and lifestyle loyalty program.
Proudly recognized as having one of the country's Most Admired
Corporate Cultures, Cineplex employs over 10,000 people in its
offices and venues across Canada
and the United States. To learn
more, visit Cineplex.com.
SOURCE Cineplex