EDMONTON, ALBERTA--(Marketwired - May 14, 2014) - Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (TSX:LIQ) held its Annual and Special Meeting of Shareholders on May 13, 2014, in Edmonton. A total of 4,267,983 shares, representing approximately 18.43% of common shares, were represented in person or by proxy at the meeting.
During the regular business proceedings at the meeting, shareholders approved the resolutions below:
1. Fixing Number of Directors
The number of directors was fixed at seven (7) by a show of hands.
2. Election of Directors
The seven nominees set forth in the Liquor Stores' management information circular (the "Circular") dated April 10, 2014 were elected as directors of Liquor Stores by a majority vote cast by ballot. Liquor Stores' shareholders present in person or represented by proxy at the meeting voted as follows:
| Nominee | Votes For | % of Votes Cast For (rounded) | Withheld | % of Votes Cast Against (rounded) | ||||
| Henry Bereznicki | 3,897,203 | 95.06% | 202,497 | 4.94% | ||||
| Stephen Bebis | 3,888,177 | 94.84% | 211,523 | 5.16% | ||||
| Gary Collins | 3,890,785 | 94.90% | 208,915 | 5.10% | ||||
| Jim Dinning | 3,889,825 | 94.88% | 209,875 | 5.12% | ||||
| Robert S. Green | 3,895,049 | 95.01% | 204,651 | 4.99% | ||||
| Peter Lynch | 3,958,744 | 96.56% | 140,956 | 3.44% | ||||
| David Margolus | 3,832,388 | 93.48% | 267,312 | 6.52% |
3. Appointment of Auditors
This resolution appointing PricewaterhouseCoopers LLP, Chartered Accountants, to serve as auditors of Liquor Stores until the next annual meeting or until their successor is appointed, at a remuneration to be fixed by the Board of Directors was approved by a show of hands.
4. Approval of the Amended and Restate Incentive Award Plan
This resolution approving the Company's amended and restated incentive award plan was approved by a vote, conducted by ballot as follows:
| Votes For | % of Votes Cast For (rounded) | Votes Against | % of Votes Cast Against (rounded) | |
| 3,094,418 | 75.48 | 1,005,282 | 24.52 |
ABOUT LIQUOR STORES N.A. LTD.
The Company operates 242 retail liquor stores in Alberta, British Columbia, Alaska and Kentucky. Liquor Stores' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (173 stores); Liquor Depot and Liquor Barn in British Columbia (35 stores); Brown Jug in Alaska (22 stores); and Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (12 stores). The Company's common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "LIQ" and "LIQ.DB.A", respectively.
Additional information about Liquor Stores N.A. Ltd. is available at www.sedar.com and the Company's website at www.liquorstoresna.com.
Contact Information:
David Gordey, CA
Senior Vice President and Chief Financial Officer
(780) 497-3262
www.liquorstoresna.com