Webtech Wireless Inc.
TSX : WEW

Webtech Wireless Inc.

May 09, 2014 19:00 ET

Webtech Wireless Inc. Announces Voting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Webtech Wireless Inc. (TSX:WEW) (the "Company"), in accordance with the requirements of the Toronto Stock Exchange, is pleased to announce the results of voting at its 2014 Annual General and Special Meeting of Shareholders held earlier today.

A total of 39,401,565 common shares were voted in connection with the meeting, representing approximately 37.32% of the issued and outstanding common shares of the Company. Shareholders voted as follows:

  1. Appointment of Auditor

By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed auditor of the Company for the ensuing year.

  1. Election of Directors

By resolution passed by ballot vote, the following five nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:

Nominee Votes For % Votes For Votes Withheld % Votes Withheld
Scott Edmonds 37,978,252 99.41% 224,775 0.59%
John Gildner 37,875,352 99.14% 327,675 0.86%
Andrew Gutman 37,879,052 99.15% 323,975 0.85%
Robert Kittel 37,942,852 99.32% 260,175 0.68%
Leonard Metcalfe 37,167,052 97.29% 1,035,975 2.71%
  1. Renewal of Stock Option Plan

By resolution passed by show of hands, the Company's Stock Option Plan was ratified, confirmed and re-approved, all unallocated options under the Stock Option Plan were approved, and the Company was granted the ability to continue granting options under the Stock Option Plan until May 10, 2017.

  1. Renewal of Shareholder Rights Plan

By resolution passed by show of hands, the Company's shareholder rights plan, with certain amendments thereto, was ratified, confirmed and re-approved.

  1. Adoption of Advance Notice Provision and Other Amendments to Articles

By resolution passed by show of hands, the Company's articles were amended to incorporate an advance notice policy regarding nomination of directors previously adopted by the Board of Directors of the Company, and make certain other amendments to align the Company's articles with current corporate governance best practices and the requirements of certain institutional shareholders, all as outlined in the Company's management information circular regarding the meeting.

  1. Approval of Share Consolidation

By resolution passed by show of hands, an alteration to the capital of the Company was approved to authorize the Board of Directors of the Company to effect a consolidation of the authorized common shares of the Company on the basis of up to every five common shares being consolidated into one common share without par value.

About Webtech Wireless®

Webtech Wireless (TSX:WEW) is a leader in providing fleet management telematics, GPS and automatic vehicle location (AVL) solutions that improve efficiency, accountability and reduce costs. Our end-to-end solutions automate record keeping and regulatory compliance, reduce fuel burn and idling, mitigate risk, and keep drivers safe. Managers trust us to ensure people are accountable and vehicles are visible. Through the cloud, in the office, or straight to mobile devices, we deliver Fleet Intelligence Anywhere™. Our products are InterFleet®, for government winter maintenance, public works and waste management fleets; and Quadrant®, for commercial fleet operations and compliance (HOS, EOBR).

All amounts in Canadian dollars (CAD$) unless otherwise noted. ·The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. ·Trademarks are the property of their owners.

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