Till Capital Announces Results of Annual and Special Meeting
October 19 2015 - 4:30PM
Till Capital
Ltd. (Nasdaq:TIL) (TSX.V:TIL) (the
"
Company" or "
Till"), reports the
results of its Annual General and Special Meeting ("AGM") held on
October 15, 2015, in Las Vegas, NV. All of the proposed candidates,
Alan S. Danson, William A. Lupien, Wayne Kauth, Roger M. Loeb and
John T. Rickard were duly elected as directors for the ensuing
year.
Detailed results of the vote for the election of directors are
set out below.
|
|
|
|
|
Nominee |
Votes for |
Votes withheld |
Percent for |
Percent withheld |
Alan S. Danson |
624,469 |
554 |
99.91% |
0.09% |
William A. Lupien |
624,483 |
540 |
99.91% |
0.09% |
Wayne Kauth |
618,610 |
6,413 |
98.97% |
1.03% |
Roger M. Loeb |
624,469 |
554 |
99.91% |
0.09% |
John T. Rickard |
618,666 |
6,357 |
98.98% |
1.02% |
|
|
|
|
|
Shareholders also voted in favor of all proposed resolutions,
including fixing the number of directors at no less than five,
re-appointing KPMG Audit Limited as the Company's auditors,
approving a Majority Voting Policy for the board, approving two
amendments to the Company's By-Laws and approving Till's stock
option plan as required annually by the policies of the TSX Venture
Exchange.
A total of 1,137,378 shares were voted representing 33.13% of
the issued and outstanding shares of the Company.
Reported by: John T. Rickard
Director (208) 635-5415
Till Capital Ltd.
Till Capital Ltd. is a Bermuda-domiciled company with two
wholly-owned subsidiaries, Omega Insurance Holdings Inc. and
Resource Re Ltd. Omega Insurance Holdings Inc. owns Omega
General Insurance Company, a Canadian insurance company offering
innovative and customized insurance industry solutions, including
fronting and run-off services for insurers/reinsurers, within the
Canadian marketplace. Omega Insurance Holdings Inc. also
operates Focus Group Inc., a consulting and project management
company servicing the local and international needs of its Property
Casualty Insurance clients. Resource Re Ltd. is a Bermuda-domiciled
reinsurance company regulated by the Bermuda Monetary Authority
with a Class 3A insurance license directed to underwrite
reinsurance policies within a long term investment strategy.
Through its regulated subsidiaries, the Company has been structured
to produce underwriting profits as well as above average returns on
assets under management.
For additional information:
Till Capital Ltd. Monique
Hayes (208) 699-6097 info@tillcap.com
www.tillcap.com
Cautionary Note
At this time, the Company has no current plans to provide
earnings guidance due to the volatility of investment returns.
The Till Capital shares are restricted voting shares, whereby no
single shareholder of Till Capital is able to exercise voting
rights for more than 9.9% of the voting rights of the total issued
and outstanding Till Capital shares (the "9.9%
Restriction"). However, if any one shareholder of Till
Capital beneficially owns, or exercises control or direction over,
more than 50% of the issued and outstanding Till Capital shares,
the 9.9% Restriction will cease to apply to the Till Capital
shares.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities of Till Capital or
any other securities, and shall not constitute an offer,
solicitation or sale in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful. Trading in the
securities of Till Capital should be considered speculative.
Neither the TSX Venture Exchange nor its Regulatory Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the Bermuda Monetary Authority accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward Looking
Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities laws. These forward-looking statements are
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995, and
generally can be identified by phrases such as "plan", "except",
"project", "intend", "believe", "anticipate", "estimate", "will",
"could" and other similar words, or statements that certain events
or conditions "may" occur. Such forward-looking
statements are subject to risks and uncertainties that may cause
actual results, performance or developments to differ materially
from those contained in the statements. These and all subsequent
written and oral forward-looking information are based on estimates
and opinions of management on the dates they are made and are
expressly qualified in their entirety by this notice. Except as
required by law, Till Capital assumes no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change.
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