Vecima Announces Voting Results from AGM


VICTORIA, BC--(Marketwired - December 16, 2016) - Vecima Networks Inc. (TSX: VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today announced the voting results of the company's annual general meeting of shareholders held on December 16, 2016.

Election of Directors

The number of directors was set at five and the five nominees of management were elected as directors at the meeting. The election of directors was conducted by show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:

          
 

Nominee
VotesRepresented at the Meeting  
Votes Withheld byProxy
 
% Withheld
byProxy
 Surinder Kumar 17,727,317  616  0.00
 Scott Edmonds 17,727,417  516  0.00
 T. Kent Elliott 17,727,417  516  0.00
 Sumit Kumar 17,726,734  1,199  0.01
 Danial Faizullabhoy 17,727,417  516  0.00
       

Appointment of Auditors

At the meeting, Deloitte LLP was re-appointed as auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration.

About Vecima Networks

Vecima Networks Inc. (TSX: VCM) is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Vecima products for the cable industry allow service providers a cost-effective Last Mile Solution® for both video and broadband access, especially in the demanding business services market segment. Vecima also provides fleet managers the key information and analytics they require to optimally manage their business under the Contigo, Nero Global Tracking, and FleetLynx brands. More information is available at our website at www.vecima.com.

Contact Information:

Vecima Networks
Investor Relations
250-881-1982
invest@vecima.com