Altius Renewable Royalties Reports Voting Results from May 22 2024 Annual and Special Meeting

Rhea-AI Summary

Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) announced that all resolutions presented at its May 22, 2024 Annual and Special Meeting of Shareholders were approved. A record high of 89.7% of total common shares, equating to 27,606,034 shares, were voted.

Key resolutions included the appointment of Deloitte LLP as auditors with 99.997% approval and the election of directors Earl Ludlow, Karen Clarke-Whistler, David Bronicheski, Anna El-Erian, and André Gaumond, all receiving over 99% approval. Other resolutions such as Say on Pay and unallocated entitlements under LTIP were also passed with over 99% approval.

Positive

• 27,606,034 shares were voted, representing a high 89.7% voting participation rate.
• Appointment of Deloitte LLP as auditors was approved with 99.997% of votes.
• All director candidates received over 99% approval.
• Say on Pay resolution passed with 99.90% approval.
• Unallocated entitlements under LTIP approved with 99.92% votes.

Negative

• Anna El-Erian received the lowest director approval rate at 99.57%, indicating slightly less shareholder confidence.

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 May 22, 2024 Annual and Special Meeting of Shareholders were approved by shareholders. A total of 27,606,034 shares were voted, representing 89.7% of the total common shares issued and outstanding. ARR thanks its shareholders for the record high voting participation rate. Detailed results of the election of directors and meeting resolutions are as follows:

ANNUAL AND SPECIAL MEETING MAY 22, 2024 - 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		27,604,920		914		Approved (99.997%)
Election of the following directors:
Earl Ludlow		27,547,656		4,217		Approved (99.99%)
Karen Clarke-Whistler		27,548,296		3,577		Approved (99.99%)
David Bronicheski		27,547,356		4,517		Approved (99.98%)
Anna El-Erian		27,434,440		117,433		Approved (99.57%)
André Gaumond		27,547,656		4,217		Approved (99.99%)
Approval of Say On Pay		27,523,140		28,733		Approved (99.90%)
Approval of Unallocated Entitlements under LTIP		27,529,281		22,592		Approved (99.92%)

About ARR

ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 35 renewable energy royalties representing approximately 2.4 GW of renewable power on operating projects and an additional approximate 5.8 GW on projects in construction and development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from GBR's investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy, which increase the total development project pipeline to approximately 18.6 GW. 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/20240522744894/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 May 22, 2024 meeting?

All resolutions presented at the meeting were approved, including the appointment of Deloitte LLP as auditors and the election of five directors.

How many shares were voted in the Altius Renewable Royalties May 22, 2024 meeting?

A total of 27,606,034 shares were voted, representing 89.7% of the total common shares issued and outstanding.

What was the approval rate for the appointment of Deloitte LLP as auditors for Altius Renewable Royalties?

The appointment of Deloitte LLP as auditors was approved with 99.997% of the votes.

What was the shareholder approval rate for the Say on Pay resolution at Altius Renewable Royalties' 2024 meeting?

The Say on Pay resolution was approved with 99.90% of votes.

Who were the directors elected at the Altius Renewable Royalties May 22, 2024 meeting?

The elected directors were Earl Ludlow, Karen Clarke-Whistler, David Bronicheski, Anna El-Erian, and André Gaumond.