MDA announces election of Directors and Continuance
Media Release: May 11, 2016
Richmond, BC-MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company")(TSX: MDA), a global communications and information company, in accordance with Toronto Stock Exchange requirements, announced the voting results from its annual shareholder meeting held on May 4, 2016 in Richmond, British Columbia.
A total of 30,715,224 Common Shares representing approximately 84% of the Company’s issued and outstanding Common Shares were voted in connection with the meeting. Shareholders voted in favor of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors, approving the 2016 long-term incentive plan and the reservation of shares thereunder and the election of all director nominees as follows:
In addition, shareholders approved the continuance of the Company to the Business Corporations Act (British Columbia) and the Company is proceeding with the continuance.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company's common shares trade on the Toronto Stock Exchange under the symbol "MDA."