SOURCE: EnerCare Inc.

Enercare Inc.

April 28, 2016 15:59 ET

Enercare Announces Results of 2016 Annual General Meeting

TORONTO, ON--(Marketwired - April 28, 2016) -  Enercare Inc. ("Enercare") (TSX: ECI) announced the results from its Annual General Meeting of shareholders held earlier today.

The board of directors of Enercare was pleased to receive the support of shareholders for the re-election of all of management's director nominees and the re-appointment of PricewaterhouseCoopers LLP as Enercare's external auditor for the ensuing year. 

A total of 47,002,108 of Enercare's common shares ("Shares") (representing approximately 53.43% of the issued and outstanding Shares as of the record date for the meeting) were represented in person or by proxy at the meeting. 

Enercare's existing nine directors were re-elected at the meeting by a resolution passed by a majority of the shareholders present or represented by proxy at the meeting, to hold office until the close of the next annual meeting of shareholders. The results of the vote are detailed below1:

Nominee   Votes For   Votes Withheld
    Number   Percent (%)   Number   Percent (%)
Scott F. Boose   42,683,529   97.32   1,176,651   2.68
Lisa de Wilde   41,806,413   95.32   2,053,767   4.68
John A. Macdonald   42,347,226   96.55   1,512,954   3.45
Grace M. Palombo   41,994,722   95.75   1,865,458   4.25
Jim Pantelidis   41,543,833   94.72   2,316,347   5.28
Jerry Patava   41,853,180   95.42   2,007,000   4.58
Roy J. Pearce   42,026,273   95.82   1,833,907   4.18
Michael Rousseau   42,184,497   96.18   1,675,683   3.82
William M. Wells   41,935,681   95.61   1,924,499   4.39
                 

PricewaterhouseCoopers LLP was reappointed as auditor of Enercare and the directors were authorized to fix their remuneration by a resolution passed by a majority of the shareholders present or represented by proxy at the meeting. The results of the vote are detailed below1:

Votes For   Votes Withheld
Number   Percent (%)   Number   Percent (%)
43,995,066   93.67   2,970,986   6.33

About Enercare

Enercare is headquartered in Toronto, Ontario and publicly traded on the Toronto Stock Exchange (TSX: ECI). As one of Canada's largest home and commercial services and energy solutions companies with approximately 1,000 employees, Enercare provides water heaters, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services to more than 1.2 million customers. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada, and through its Triacta division, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.

Additional information regarding Enercare is available on SEDAR at www.sedar.com or through Enercare's investor relations website at www.enercareinc.com or www.enercare.ca

1 The results of the vote do not reflect the 36,056 Shares (representing approximately 0.04% of the issued and outstanding Shares as of the record date for the meeting) represented in person at the meeting.

Source: Enercare Inc.

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