MONTREAL, QUEBEC--(Marketwired - Jul 14, 2017) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 22, 2017 was elected as Director of the Corporation during the Annual of the Shareholders held on July 13, 2017 in Montréal, Québec.
The details of the election are as follows:
DIRECTOR NOMINEE
OUTCOME
VOTES FOR
% FOR
VOTES WITHHELD
% WITHHELD
Tom Velan
elected
80,495,042
99.85%
119,520
0.15%
William Sheffield
elected
80,291,962
99.60%
322,600
0.40%
Kenneth MacKinnon
elected
80,291,962
99.60%
322,600
0.40%
Peter Velan
elected
80,462,542
99.81%
152,020
0.19%
Cheryl Hooper
elected
80,613,562
99.99%
1,000
0.01%
Jacques Latendresse
elected
80,292,262
99.60%
322,300
0.40%
Robert Velan
elected
80,495,042
99.85%
119,520
0.15%
Yves Leduc
elected
80,495,042
99.85%
119,520
0.15%
The results of the final votes regarding all matters subject to a vote during the annual meeting will be made available under the Corporation's profile on SEDAR (www.sedar.com).
Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Companyâs operations also include a sales operation in Germany.