SOURCE: Extendicare Inc.

Extendicare Inc.

June 19, 2015 19:11 ET

Extendicare Announces Voting Results From the 2015 Annual and Special Meeting of Shareholders

MARKHAM, ON--(Marketwired - June 19, 2015) - Extendicare Inc. ("Extendicare" or the "Company") (TSX: EXE) today announced the results of matters voted on at its annual and special shareholders' meeting held on June 18, 2015 (the "Meeting"), which included the election as directors of the Company, all of the nominees listed in its management information and proxy circular dated May 7, 2015 (the "Information Circular"). The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 35,197,599, representing 40.21% of the Company's outstanding common shares.

1. Election of Directors

On a vote by a show of hands, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. Proxies were received on this matter as follows:

             
Nominee  Votes For  %  Votes Withheld  %
Benjamin J. Hutzel  28,430,955  92.53  2,293,848  7.47
John F. Angus  29,259,368  95.23  1,465,435  4.77
Margery O. Cunningham  29,217,579  95.09  1,507,224  4.91
Governor Howard Dean, MD  28,305,725  92.13  2,419,078  7.87
Dr. Seth B. Goldsmith  29,137,346  94.83  1,587,457  5.17
Sandra L. Hanington  29,182,895  94.98  1,541,908  5.02
Alvin G. Libin  27,426,256  89.26  3,298,547  10.74
J. Thomas MacQuarrie  28,304,608  92.12  2,420,195  7.88
Timothy L. Lukenda  29,211,440  95.07  1,513,363  4.93
         

2. Appointment of Auditors

On a vote by a show of hands, the appointment of KPMG LLP as the auditors of the Company until the next annual meeting of the Company to be held in the year 2016 was approved. Proxies were received on this matter as follows:

          
Votes For  %  Votes Withheld  %
33,570,103  95.56  1,560,195  4.44
       

3. Renewal of the Shareholder Rights Plan

On a vote by a show of hands, the ordinary resolution for the renewal of the Company's shareholder rights plan was approved. Proxies were received on this matter as follows:

          
Votes For  %  Votes Against  %
29,412,806  95.73  1,311,996  4.27
       

4. Advance Notice By-Law No. 3

On a vote conducted by ballot, the ordinary resolution to confirm the Company's Advance Notice By-Law No. 3 was approved. The results of the vote were as follows:

          
Votes For  %  Votes Against  %
18,393,989  59.74  12,397,533  40.26
       

5. Approach to Executive Compensation

On a vote conducted by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote were as follows:

          
Votes For  %  Votes Against  %
28,022,135  91.01  2,768,370  8.99
       

ABOUT US
Extendicare is a leading provider of care and services for seniors in Canada. Through our network of 112 operated senior care centres (58 owned/54 managed), as well as our home health care operations, we are committed to delivering care throughout the health care continuum to meet the needs of a growing seniors' population in Canada. Our qualified and highly trained workforce of 22,400 individuals is dedicated to helping people live better through a commitment to quality service and a passion for what we do. As previously reported, our U.S. senior care operations have been classified as discontinued, with sale transactions expected to close by the end of June 2015.

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