WINNIPEG, MANITOBA -- (Marketwired) -- 07/27/15 -- FP Newspapers Inc. ("FPI") (TSX: FP) announces that all resolutions presented at the Corporation's annual general meeting held on May 14, 2015 were approved by the shareholders, including the election of the directors nominated by management. The proxy results on the election of directors were as follows:
---------------------------------------------------------------------------- Name of Nominee Votes For Votes Withheld ---------------------------------------------------------------------------- Phil de Montmollin 2,731,070 (98.52%) 40,750 (1.47%) Stephen Dembroski 2,734,933 (98.66%) 36,887 (1.33%) Harvey Secter 2,731,233 (98.53%) 40,587 (1.46%) Robert Silver 2,740,433 (98.86%) 31,387 (1.13%) Phil de Montmollin (as the Corporation's nominee as a director of FPCN General Partner Inc.) 2,728,470 (98.43%) 43,350 (1.56%) Stephen Dembroski (as the Corporation's nominee as a director of FPCN General Partner Inc.) 2,726,333 (99.65%) 45,487 (1.64%) Harvey Secter (as the Corporation's nominee as a director of FPCN General Partner Inc.) 2,722,633 (98.22%) 49,187 (1.77%)
Ronald Stern, who serves as Chairman of the Corporation, was also re-elected as a director of the Corporation by FPCN Media Management Inc. pursuant to its rights as the holder of preferred shares.
Shareholders also passed an ordinary resolution approving the appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year.
About FPI
FPI owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as the Canstar Community News division, the publisher of six community newspapers in the Winnipeg region, The Carillon in Steinbach with its related commercial printing operations and the Carberry News Express weekly publication. The Winnipeg Free Press publishes six days a week for delivery to subscribers and single copy sales, serving Winnipeg and Manitoba with an average Monday through Saturday circulation of approximately 105,000 copies. On Sundays the Winnipeg Free Press publishes a newspaper sold through single-copy retail outlets and vending boxes. The Brandon Sun publishes six days a week, serving the region with an average circulation of approximately 11,050 copies. Canstar Community News publishes weekly with an average circulation of approximately 200,000 copies. The businesses employ approximately 510 full-time equivalent people in Winnipeg, Brandon, Steinbach and Carberry, Manitoba.
Contacts:
FP Newspapers Inc.
Daniel Koshowski
CFO
(204) 697-7425
(204) 632-0281 (FAX)
