Five new directors nominated to nine-member
board
TORONTO, May 31, 2017 /CNW/ - Home Capital Group Inc.
("The Company" TSX: HCG) today announced it has filed on SEDAR
meeting materials for its Annual Meeting of Shareholders, which
will be held on June 29 in
Toronto.
Among the items being considered at the meeting, shareholders
will be asked to support the election of nine directors, five of
whom are new to the Board this year.
- Brenda J. Eprile (Joined Board
in 2016 and named Chair in 2017)
- Jacqueline E. Beaurivage (Joined
Board in 2014)
- Robert J. Blowes (Joined Board
in 2015)
- Paul G. Haggis (Joined Board in
2017)
- Alan R. Hibben (Joined Board in
2017)
- Claude R. Lamoureux (Joined
Board in 2017)
- James H. Lisson (Joined Board in
2017)
- Sharon H. Sallows (Joined Board in 2017)
- Bonita J. Then (Joined Board in
2008)
Brenda J. Eprile, Chair of the
Home Capital Board, addressed the significant governance renewal
process underway at the Company in her message to shareholders,
part of which follows:
As you know we have been experiencing an extremely challenging
period for Home Capital. The Company and its Board are doing
everything possible to recover from the crisis in confidence Home
Capital has faced. It is our firm commitment that Home Capital will
do all it can to emerge from this period strong and continue to
play a vital role in the Canadian mortgage market.
At the Annual Meeting we will discuss and answer your questions
regarding the events of the past few months and the outlook for our
future. We understand that recent events affecting the Company have
caused significant concern for our shareholders and other
stakeholders. We know open and frank communication with our
shareholders is extremely important and the upcoming Annual Meeting
is a key forum in which to do this.
The director nominees for this Annual General Meeting reflect
the significant governance renewal process the Company has
undertaken as we seek to rebuild confidence in Home Capital. We
have added five tremendously qualified directors in recent weeks,
each of whom brings important expertise that will prove vital in
our process of renewal. Already, these new directors have made
important contributions, and I am confident that they will continue
to do so.
The result of these changes is that the Company is moving
forward with a Board that is substantially renewed and is well
equipped for the work of dealing with the Company's challenges and
opportunities.
The meeting is scheduled for June
29 at 10:00 am at One King
West, Grand Banking Hall, Toronto.
Shareholders can exercise their right to vote by either attending
in person or by completing and submitting a proxy. The Management
Information Circular, which includes all information about the
business of the meeting and instructions on how to complete and
submit a proxy, can be found on the Company's website
(www.Homecapital.com) or on SEDAR.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within
the meaning of applicable Canadian securities legislation. Please
refer to the Home Capital's 2016 Annual Report, available on Home
Capital's website at www.homecapital.com, and on the Canadian
Securities Administrators' website at www.sedar.com, for Home
Capital's Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto
Stock Exchange (HCG), operating through its principal subsidiary,
Home Trust Company. Home Trust is a federally regulated trust
company offering residential and non-residential mortgage lending,
securitization of insured residential mortgage products, consumer
lending and credit card services. In addition, Home Trust offers
deposits via brokers and financial planners, and through its direct
to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.