Newfoundland Capital Corporation Limited Announces Director Voting Results of the May 3, 2016 Annual General Meeting of Shareholders

Newfoundland Capital Corporation Limited Announces Director Voting Results of the May 3, 2016 Annual General Meeting of Shareholders

DARTMOUTH, NS, May 4, 2016 /CNW/ - Newfoundland Capital Corporation Limited (the "Company") announced today the voting results of the Company's annual general meeting of shareholders held on May 3, 2016.

Item Voted Upon

Resolution to appoint the directors of the Company. On a show of hands, each of the seven nominees set forth in the Company's 2016 Management Information Circular was elected as a director of the Company. In compliance with TSX rules following are the detailed proxy tabulations for the appointment of directors:




Nominee For % Withhold % Voting Result
------- --- --- -------- --- -------------

Michael C. MacDonald 55,518,386 99.98 9,735 0.02 Passed

Allen F. MacPhee 55,519,386 99.98 8,735 0.02 Passed

David I. Matheson 55,519,046 99.98 9,075 0.02 Passed

Harry R. Steele 55,520,046 99.99 8,075 0.01 Passed

John R. Steele 55,451,046 99.86 77,075 0.14 Passed

Robert G. Steele 55,519,946 99.99 8,175 0.01 Passed

Donald J. Warr 55,450,046 99.86 78,075 0.14 Passed


Item Voted Upon

Resolution for the appointment of Ernst & Young LLP as auditors of the Company and authorization to the directors of the Company to fix their remuneration. On a show of hands, the resolution passed. Following are the detailed proxy tabulations for the appointment of auditors:




For % Withhold % Voting Result
--- --- -------- --- -------------

Appointment of
Auditors 55,522,146 99.99 5,975 0.01 Passed


About Newfoundland Capital Corporation Limited

Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) owns and operates Newcap Radio, one of Canada's leading radio broadcasters with 95 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.



SOURCE Newfoundland Capital Corporation Limited

Newfoundland Capital Corporation Limited

CONTACT: REF: Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 8 Basinview Drive, Dartmouth, Nova Scotia B3B 1G4, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: investorrelations@ncc.ca, Web: www.ncc.ca

Web Site: http://www.ncc.ca


-------
Profile: intent