Newfoundland Capital Corporation Limited Announces Voting Results of the May 15, 2018 Annual General Meeting

DARTMOUTH, NS, May 16, 2018 /CNW/ - Newfoundland Capital Corporation Limited (the "Company") announced today the voting results of the Company's annual general meeting of shareholders on May 15, 2018.

Item Voted Upon

Resolution to appoint the directors of the Company. On a show of hands, each of the six nominees set forth in the Company's 2018 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	53,592,631	99.99	5,889	0.01	Passed
Allen F. MacPhee	53,592,631	99.99	5,889	0.01	Passed
David I. Matheson	53,581,931	99.97	16,589	0,03	Passed
John R. Steele	53,175,931	99.21	422,589	0.79	Passed
Robert G. Steele	53,580,931	99.97	17,589	0.03	Passed
Donald J. Warr	53,176,931	99.21	421,589	0.79	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	53,581,931	99.97	16,589	0.03	Passed

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 101 broadcast licences (72 radio stations and 29 repeating signals) 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, Chairman, President and Chief Executive Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 8 Basinview Drive, Dartmouth, Nova Scotia B3B 1G4, Tel: [phone], Fax: [phone], e-mail: [email protected], Web: www.ncc.ca

Related Links

http://www.ncc.ca