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CST: 21/10/2019 17:31:53   

Trilogy International Partners Inc. Announces Results of Annual General Shareholders’ Meeting

164 Days ago

BELLEVUE, Wash., May 10, 2019 (GLOBE NEWSWIRE) -- Trilogy International Partners Inc. (TSX:TRL) (the “Corporation” or “TIP Inc.”),  an international wireless and fixed broadband telecommunications operator, is pleased to announce the results from its Annual General Meeting of Shareholders (the “Meeting”) held on May 10, 2019.

By resolution passed by ballot vote, all of the seven nominees proposed by management for election to the Board of Directors at the Meeting and listed in the Corporation’s Management Information Circular dated March 28, 2019, were elected. The Directors will remain in office until the next annual meeting of shareholders, or until their successors are elected or appointed.

The results of the vote on the election of the Board of Directors are as follows:

     
Board of Directors Votes in Favour
Votes Withheld  
     
  Number of Votes Percentage (%) Number of Votes Percentage (%)
John W. Stanton 51,935,462 87.92% 7,137,023 12.08%
Bradley J. Horwitz 51,939,362 87.92% 7,133,123 12.08%
Theresa E. Gillespie 51,939,362 87.92% 7,133,123 12.08%
Mark Kroloff 54,939,380 93.00% 4,133,105 7.00%
Alan D. Horn 55,339,080 93.68% 3,733,405 6.32%
Nadir Mohamed 55,342,980 93.69% 3,729,505 6.31%
Reza Satchu 51,939,362 87.92% 7,133,123 12.08%

The other items of business at the Meeting were to (i) reauthorize the unallocated restricted share units (“RSUs”) for issuance under the Corporation’s restricted share unit plan (the “RSU Plan”); (ii) reauthorize the unallocated deferred share units (“DSUs”) for issuance under the Corporation’s deferred share unit plan (the “DSU Plan”) and amended the DSU Plan to allow for grants of DSUs to non-independent non-management directors; and (iii) appoint Grant Thornton LLP, Chartered Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors.

By resolution passed by ballot vote, the shareholders reauthorized the unallocated RSUs for issuance under the RSU Plan. Votes by securityholders and proxyholders received with respect to the reauthorization of RSUs under the RSU Plan, were voted as follows:

  Votes For
  Votes Against
 
  Number of Votes Percentage (%)   Number of Votes Percentage (%)  
  51,478,782 87.14%   7,593,703 12.85%  

By resolution passed by ballot vote, the shareholders approved the (i) reauthorization of the unallocated DSUs for issuance under the DSU Plan, and (ii) the amendment to the DSU Plan, allowing for non-independent, non-management directors to participate in the DSU Plan. Votes by securityholders and proxyholders received with respect to the reauthorization of DSUs under the DSU Plan and the amendment to the DSU Plan, were voted as follows:

  Votes For
  Votes Against
 
  Number of Votes Percentage (%)   Number of Votes Percentage (%)  
  55,285,900 93.59%   3,786,585 6.41%  

By resolution passed by ballot vote, Grant Thornton LLP, Chartered Accountants, were appointed as auditors of the Company for the ensuing year.  Votes by securityholders and proxyholders received with respect to the reappointment of Grant Thornton LLP, Chartered Accountants, were voted as follows:

  Votes For
  Votes Withheld
 
  Number of Votes Percentage (%)   Number of Votes Percentage (%)  
  60,079,858 100.00%   1700 0.00%  

In accordance with the terms of the Company’s dividend reinvestment plan (the “DRIP”), the Company also announces that it has amended the DRIP to provide the Company with flexibility to extend enrollment deadlines.

About Trilogy International Partners Inc.

Trilogy International Partners Inc. is the parent company of Trilogy International Partners LLC (“Trilogy LLC”), a wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy LLC’s founders have an exceptional track record of successfully buying, building, launching and operating communications businesses in 15 international markets and the United States.

Trilogy LLC currently provides wireless communications services through its operating subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004.

For more information, visit www.trilogy-international.com.

Contact
Ann Saxton
425-458-5900
Ann.Saxton@trilogy-international.com
Vice President, Investor Relations & Corporate Development

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