Newport Announces Election of Directors
Trading Symbol: NWX (TSX-V)
VANCOUVER, BC, Dec. 9, 2020 /CNW/ - Newport Exploration Ltd ("Newport" or "the Company") is pleased to announce that the nominees listed in the management Information Circular for the 2020 Annual General Meeting ("AGM") of Shareholders were re-elected as directors of Newport. A total of 61,829,897 common shares or 58.56 per cent of Newport's issued and outstanding common shares were voted in connection with the AGM. The detailed results are set out in the table.
Nominee | Votes For | % For | Votes Withheld | % Withheld |
Ian Rozier | 57,455,537 | 92.93 | 4,374,360 | 7.07 |
Barbara Dunfield | 57,455,537 | 92.93 | 4,374,360 | 7.07 |
Merfyn Roberts | 60,339,537 | 97.59 | 1,490,360 | 2.41 |
James Robertson | 61,773,537 | 99.91 | 56,360 | 0.09 |
These AGM results indicate strong support for the management and Board of Directors of the Company and for the current management strategy of allocating capital to shareholders through quarterly dividends, as announced on December 12, 2019.
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SOURCE Newport Exploration Ltd.
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