Newfoundland Capital Corporation Limited announces annual general meeting voting results

HALIFAX, May 3, 2013 /CNW/ - At the annual meeting of shareholders of Newfoundland Capital Corporation Limited held on May 1, 2013, voting was conducted by a show of hands because less than 0.03% of the votes represented at the meeting by proxy had instructions not to vote in favour of the proposed resolutions if a ballot was held.  The proposed resolutions appointing directors and auditors were passed on a show of hands.

Approximately 98.5% of the votes represented at the meeting were represented by proxy.  Those proxies were directed to vote as follows if a ballot was held at the meeting:

Item			Voting Instructions
			For	Withheld
1.	Resolution to appoint the directors of the  Company, being:
		1.Harry R. Steele	99.97%	0.03%
		2.Robert G. Steele	99.98%	0.02%
		3.David I. Matheson	99.99%	0.01%
		4.Michael C. MacDonald	99.99%	0.01%
		5.Allen F. MacPhee	99.99%	0.01%
		6.Donald J. Warr	99.98%	0.02%
2.	Resolution for the appointment of Ernst & Young LLP, chartered accountants as auditors of the Company and authorization to the directors of the Company to fix their remuneration.		99.99%	0.01%

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 86 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

REF: Robert G. Steele, President and Chief Executive Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: [phone], Fax: [phone], e-mail: [email protected], Web: www.ncc.ca