AlarmForce Industries Inc.
TSX : AF

AlarmForce Industries Inc.

April 27, 2016 07:26 ET

AlarmForce Announces AGM Results

TORONTO, ONTARIO--(Marketwired - April 27, 2016) - AlarmForce Industries Inc. ("AlarmForce") (TSX:AF) (the "Company") announced the results of the election of directors at its annual meeting of shareholders held on April 26, 2016 (the "Meeting"). The voting in relation to the election of directors was conducted by way of ballot at the Meeting and following is the results of such ballot:

Nominee Shares Voted For Shares Withheld
Pavel Begun 7,633,859 (79.6%) 1,953,730 (20.4%)
Tobias Behrenwaldt 7,652,909 (79.8%) 1,934,680 (20.2%)
Alain Cote 9,288,867 (96.9%) 298,722 (3.1%)
Richard Peddie 9,266,417 (96.7%) 321,172 (3.3%)
Michael A. Brennan 7,632,859 (79.6%) 1,954,730 (20.4%)
George Christopoulos 3,403,538 (35.5%) 6,184,051 (64.5%)
Graham Badun 9,582,789 (99.9%) 2,050 (0.1%)

Pursuant to the Company's majority voting policy (the "Majority Voting Policy") if at the Meeting a director nominee has more votes withheld than are voted in favour of him, the nominee will be considered by the board of directors of the Company (the "Board") not to have received the support of the Company's shareholders. As a result, and pursuant to the rules of the Toronto Stock Exchange (the "TSX"), such a nominee is required forthwith to submit his resignation to the Board, effective upon acceptance by the Board. At the Meeting, George Christopoulos received more votes withheld than votes in favour and therefore, in accordance with the Majority Voting Policy and the rules of the TSX, Mr. Christopoulos is required to submit his resignation to the Board for its consideration.

In addition, the Company reports that the shareholders voted by show of hands to appoint PricewaterhouseCoopers LLP, Chartered Accountants, as the auditors of the Company.

About AlarmForce

AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and in the United States. More information about the Company's products and services can be found at www.alarmforce.com.

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