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Swiss Water shareholders elect six directors

2019-06-19 19:22 ET - News Release

Mr. Iain Carswell reports

SWISS WATER DECAFFEINATED COFFEE INC. REPORTS VOTING RESULTS FROM ANNUAL GENERAL MEETING

The director nominees listed in the information circular for Swiss Water Decaffeinated Coffee Inc.'s annual general meeting of shareholders held yesterday were elected as directors of Swiss Water. Voting results for individual directors elected were as shown in the attached table.

                             Votes for       Votes withheld  
Nominee             Number  Percentage   Number  Percentage 

Frank Dennis     1,985,941       99.40%  11,991        0.60% 
Diane Fulton     1,984,241       99.31%  13,691        0.69% 
Richard Mahler   1,983,541       99.28%  14,391        0.72% 
David Rowntree   1,974,138       98.81%  23,794        1.19% 
Roland Veit      1,954,266       97.81%  43,666        2.19% 
Anne Saunders    1,987,441       99.47%  10,491        0.53% 

PricewaterhouseCoopers LLP was appointed as auditor with 99.35-per-cent voting support.

In addition, subject to Toronto Stock Exchange approval, shareholders authorized any director or officer to take all necessary steps and proceedings to execute and file any documents and other instruments that may be necessary to give effect to the approved amendments to the 2011 restricted share unit plan. With 88.35 per cent of voting support, the shareholders approved: (a) proposed amendments to the RSU plan described under the heading "approval of amendments to the 2011 restricted share unit plan" and substantially in the form attached as appendix A to the company's management information circular dated May 9, 2019; and (b) that the 24,492 overgranted RSUs are ratified.

Company profile

Swiss Water Decaffeinated Coffee is a leading specialty coffee company and a premium green coffee decaffeinator, which employs the proprietary Swiss Water process to decaffeinate green coffee without the use of chemicals. It also owns Seaforth Supply Chain Solutions, a green coffee handling and storage business. Both businesses are located in the cities of Delta and Burnaby, B.C.

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