Altius Renewable Royalties Reports Voting Results from June 2, 2022 Annual & Special Meeting

Rhea-AI Summary

Altius Renewable Royalties Corp. (OTCQX: ATRWF) reports that all resolutions at its June 2, 2022 Annual and Special Meeting of Shareholders were approved, with 23,169,877 shares, or 87.4%, voting. Key resolutions included the appointment of Deloitte LLP as auditors (99.97% approval) and election of directors, such as Earl Ludlow and Karen Clarke-Whistler, receiving over 99% approval. The advisory vote on executive compensation and amendments to legacy option agreements were also approved overwhelmingly (99.67% and 99.66% respectively). ARR focuses on providing capital to renewable energy developers.

Positive

• Shareholder engagement was high, with 87.4% participation.
• Deloitte LLP was approved as auditors with 99.97% support.
• Election of directors received over 99% approval, indicating strong confidence from shareholders.
• Say on Pay advisory vote and legacy option amendments also received high approval rates (99.67% and 99.66%).

Negative

• None.

ST. JOHN’S, Newfoundland--(BUSINESS WIRE)-- Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR” or the “Company”), is today reporting that all resolutions presented at its June 2, 2022 Annual and Special Meeting of Shareholders were approved by shareholders. A total of 23,169,877 shares were voted, representing 87.4% of the total common shares issued and outstanding. ARR thanks its shareholders for the high voting participation rate. Detailed results of the election of directors and meeting resolutions are as follows:

ANNUAL AND SPECIAL MEETING JUNE 2, 2022 - REPORT OF VOTING RESULTS
RESOLUTION	FOR	WITHHELD/AGAINST	RESULT
Appointment of Deloitte LLP, Canada as Auditors of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration	23,163,548	6,327	Approved (99.97%)
Election of the following directors:
Earl Ludlow	23,080,588	5,217	Elected (99.98%)
Karen Clarke-Whistler	23,080,556	5,249	Elected (99.98%)
David Bronicheski	23,081,068	4,737	Elected (99.98%)
Anna El Erian	22,544,301	541,504	Elected (97.65%)
André Gaumond	23,080,539	5,266	Elected (99.98%)

Approval of Say on Pay Advisory Vote

23,008,524

77,281

Approved (99.67%)

Legacy Option Agreement Amendments

23,006,980

78,825

Approved (99.66%)

About ARR

ARR is a renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 16 renewable energy royalties representing 3,510 MW of renewable power, diversified by wind, solar, stage of development or operations and regional power pool in the U.S. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220603005277/en/

Flora Wood

Email: Flora@arr.energy

Tel: 1.877.576.2209

Direct: 1.416.346.9020

Ben Lewis

Email: Ben@arr.energy

Tel: 1.877.576.2209

Source: Altius Renewable Royalties Corp.

FAQ

What resolutions were approved at the Altius Renewable Royalties Corp. Annual Meeting on June 2, 2022?

All resolutions presented at the June 2, 2022 Annual Meeting were approved, including auditor appointment and director elections.

What was the participation rate of shareholders at the Altius Renewable Royalties Corp. meeting?

The participation rate was 87.4%, with 23,169,877 shares voted.

Who were elected as directors at the Altius Renewable Royalties Corp. meeting?

Directors elected included Earl Ludlow, Karen Clarke-Whistler, David Bronicheski, Anna El Erian, and André Gaumond.

What percentage of shareholders approved the appointment of Deloitte LLP as auditors?

The appointment of Deloitte LLP as auditors was approved with 99.97% support.

What was the outcome of the advisory vote on executive compensation at Altius Renewable Royalties Corp.?

The advisory vote on executive compensation received 99.67% approval.