Home Capital Group Inc. Announces Annual and Special Meeting Voting Results and Appointment of Paul Derksen as Chair of the Board of Directors

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Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today announced voting results from its Annual and Special Meeting of Shareholders (AGM) held on Wednesday, May 16, 2018 in Toronto, Ontario.

The total number of shares represented by shareholders present in person and by proxy was 54,848,907 representing 68.35% of Home Capital’s issued and outstanding Common Shares. Shareholders voted in favour of all items of business put forth at the meeting as follows:

Election of Directors

Each of the director nominees listed in the Management Information Circular for the 2018 AGM was elected as a director of Home Capital to serve until the next annual meeting of shareholders of the Company or until his or her successor is elected or appointed:

Nominee   Votes For   Votes Withheld
Yousry Bissada 54,087,769   99.67% 177,565   0.33%
Robert J. Blowes 53,890,285 99.31% 375,049 0.69%
Paul W. Derksen 54,090,444 99.68% 174,890 0.32%
Paul G. Haggis 54,108,295 99.71% 157,039 0.29%
Alan R. Hibben 54,105,266 99.71% 160,068 0.29%
Claude R. Lamoureux 51,475,595 94.86% 2,789,739 5.14%
James H. Lisson 54,094,789 99.69% 170,545 0.31%
Lisa L. Ritchie 54,103,579 99.70% 161,755 0.30%
Sharon H. Sallows 54,090,231 99.68% 175,103 0.32%
 

Appointment of Chair of the Board

Following his election to the Board at the AGM, Paul W. Derksen was appointed Chair of the Board. Mr. Derksen has extensive financial services experience, having previously served as the Chief Financial Officer for Sun Life Financial and CT Financial Services. Mr. Derksen currently is the Lead Director of CI Financial and has served on the boards of a number of private and charitable organizations. He holds a CPA, CA designation.

Shareholder Advisory Resolution on Approach to Executive Compensation

The advisory resolution on the Company’s approach to executive compensation was approved:

Votes For   Votes Against
47,205,023   86.97% 7,070,761   13.03%
 

Shareholder Rights Plan

The Shareholder Rights Plan Resolution, respecting the continuance, amendment and restatement of the Company’s Shareholder Rights Plan, was approved:

Votes For   Votes Against
47,491,523   87.50% 6,784,261   12.50%
 

Appointment of Auditor

Ernst & Young LLP was appointed as auditor of the Company until the next annual meeting of shareholders and the directors were authorized to fix the remuneration of the auditors:

Votes For   Votes Withheld
54,418,237   99.22% 425,896   0.78%
 

Detailed voting results for the meeting are available under Home Capital’s profile on SEDAR at www.sedar.com.

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.

More news and information about Home Capital Group Inc.

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Business Wire: 16:24 GMT Friday 18th May 2018

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