VersaBank Announces the Results of Its 2017 Meeting of Shareholders

LONDON, Ontario--()--VersaBank (TSX: VB) reports the results of its 2017 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 26, 2017.

Each of the director nominees listed in VersaBank’s management information circular dated March 2, 2017 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

             
Director

Number of
Votes Cast

     

Percentage of
Votes Cast

The Honourable Maurizio Bevilacqua In Favour:
Withheld:
11,543,077

150,157

98.72

1.28

%
%
Robbert-Jan Brabander In Favour:
Withheld:
11,581,028

112,206

99.04

0.96

%
%
David A. Bratton In Favour:
Withheld:
11,487,656

205,578

98.24

1.76

%
%
Richard W. Carter In Favour:
Withheld:
11,561,075

132,159

98.87

1.13

%
%
Arnold E. Hillier In Favour:
Withheld:
11,589,496

103,738

99.11

0.89

%
%
The Honourable Thomas A. Hockin In Favour:
Withheld:
11,549,995

143,239

98.78

1.22

%
%
Colin E. Litton In Favour:
Withheld:
11,590,243

102,991

99.12

0.88

%
%
Susan T. McGovern In Favour:
Withheld:
11,585,075

108,159

99.08

0.92

%
%
Paul G. Oliver In Favour:
Withheld:
11,556,896

136,338

98.83

1.17

%
%
Avery Pennarun In Favour:
Withheld:
11,557,958

135,276

98.84

1.16

%
%
David R. Taylor In Favour:
Withheld:
11,558,308

134,926

98.85

1.15

%
%
 

At the meeting the Shareholders also:

  • approved the re-appointment of KPMG LLP as auditors of the Bank;
  • approved an amendment to section 4.1 of By-Law No. 1 of VersaBank increasing the fixed number of directors to eleven; and
  • approved an amendment to section 9.6 of By-Law No. 1 of VersaBank relating to director remuneration.

VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About VersaBank

VersaBank, a technology based and digital Canadian Schedule I chartered bank, operates using an "electronic branchless model". It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.

Contacts

VersaBank
Investor Relations:
Wade MacBain, 800-244-1509
wadem@versabank.com
http://www.versabank.com

Contacts

VersaBank
Investor Relations:
Wade MacBain, 800-244-1509
wadem@versabank.com
http://www.versabank.com