23:17:51 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Chorus Aviation Inc
Symbol CHR
Shares Issued 194,787,079
Close 2023-05-09 C$ 3.05
Market Cap C$ 594,100,591
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Chorus shareholders elect 10 directors at AGM

2023-05-09 17:04 ET - News Release

Mr. Colin Copp reports

CHORUS AVIATION INC. ANNOUNCES ELECTION OF DIRECTORS

Chorus Aviation Inc. has released the results of the vote on the election of directors at its virtual annual meeting of shareholders held on May 9, 2023.

The total number of shares represented by shareholders present virtually and by proxy at the meeting was 69,774,028 and represented 35.32 per cent of Chorus's issued and outstanding shares with voting rights. Holders of the requisite number of shares voted in favour of all items of business. Chorus's proxy circular provided for 10 nominees to the board of directors. Detailed results of the vote for election of directors are set out herein.

              VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee               Number of   % votes       Number of   % votes 
                      votes for       for   votes against   against
 
Colin Copp           69,139,738     99.09%        634,290      0.91%          
Karen Cramm          69,067,778     98.99%        706,250      1.01%          
Gail Hamilton        69,072,741     98.99%        701,287      1.01%          
R. Stephen Hannahs   68,912,695     98.77%        861,333      1.23%          
Alan Jenkins         69,029,240     98.93%        744,788      1.07%          
Amos Kazzaz          69,165,432     99.13%        608,596      0.87%          
David Levenson       69,155,112     99.11%        618,866      0.89%          
Marie-Lucie Morin    66,226,323     94.92%      3,547,705      5.08%          
Paul Rivett          69,285,896     99.30%        488,132      0.70%          
Frank Yu             68,953,027     98.82%        821,001      1.18%          

About Chorus Aviation Inc.

Chorus is a leading, global aviation solution provider and asset manager, focused on regional aviation. Its principal subsidiaries are: Falko Regional Aircraft, the leading pure play regional aircraft asset manager and lessor, managing investments on behalf of third party fund investors; Jazz Aviation, the largest regional operator in Canada and the sole provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry-leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus's subsidiaries provide services that encompass every stage of a regional aircraft's life cycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.

Chorus Class A variable voting shares and Class B voting shares trade on the Toronto Stock Exchange under the trading symbol CHR. Chorus's 5.75 per cent senior unsecured debentures due Dec. 31, 2024, 6.00 per cent convertible senior unsecured debentures due June 30, 2026, and 5.75 per cent senior unsecured debentures due June 30, 2027, trade on the Toronto Stock Exchange under the trading symbols CHR.DB.A, CHR.DB.B and CHR.DB.C, respectively.

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