Vecima Networks Inc.
TSX : VCM

Vecima Networks Inc.

November 13, 2014 19:00 ET

Vecima Announces Voting Results for Annual and Special Meeting

VICTORIA, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2014) - Vecima Networks Inc. ("Vecima" or "the Company") (TSX:VCM), a leading designer and manufacturer in the broadband cable and wireless network infrastructure market, today announced the voting results of the company's annual and special meeting of shareholders held on November 13, 2014.

Election of Directors

The number of directors was set at five and the five nominees of management were elected as directors at the meeting.

The election of directors was conducted by show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:



Nominee
Votes Represented at the Meeting
Votes Withheld by Proxy

% Withheld
by Proxy
Surinder Kumar 17,854,983 50 0.00 %
Barry Baptie 17,843,833 11,150 0.06 %
Vincent Gallant 17,843,833 11,150 0.06 %
R. Dean Rockwell 17,843,833 11,150 0.06 %
Hugh Wood 17,854,983 50 0.00 %

Appointment of Auditors

At the meeting, Deloitte LLP was appointed as auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration.

Continuation of Stock Option Plan

Shareholders approved the continuance of the Company's stock option plan and all unallocated options thereunder at the meeting. The rules of the Toronto Stock Exchange require that all unallocated options under an option plan of an issuer must be re-approved by a majority of its shareholders every three years if the plan does not have a fixed maximum number of shares issuable thereunder.

About Vecima Networks

Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile", by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at two principal markets: Converged Wired Solutions and Broadband Wireless. The Company has also developed and continues to focus on developing products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video. More information is available at our website at www.vecima.com.

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