Telesat Announces Results of 2022 Annual Meeting of Shareholders

Rhea-AI Summary

Telesat (NASDAQ and TSX: TSAT) held its annual shareholder meeting virtually on June 1, 2022, where all proposed items were approved. Key outcomes included the election of directors with significant votes. Melanie Bernier received 52,631,218 votes for her election. The company’s continued focus on innovation, especially through its Telesat Lightspeed LEO network, aims to provide high-capacity links with fiber-like speeds to enhance global connectivity. Final results will be available on SEDAR and EDGAR.

Positive

• All proposed items, including director elections, were approved by shareholders.
• Telesat Lightspeed aims to redefine global satellite connectivity with high-capacity links.

Negative

• None.

OTTAWA, June 02, 2022 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast.

Shareholders of Telesat voted in favour of all items of business, including the election of each of the director nominees as follows:

	Votes For	Votes Withheld
The election of the following Directors:
(a)  Melanie Bernier	52,631,218	552,126
(b)  Michael Boychuk	52,578,439	604,905
(c)  Jason A. Caloras	52,616,002	567,342
(d)  Jane Craighead	51,653,498	1,529,846
(e)  Richard Fadden	52,370,991	812,353
(f)  Daniel S. Goldberg	52,566,356	616,988
(g)  Henry(Hank) Intven	52,335,893	847,451
(h)  Dr. Mark H. Rachesky	51,682,715	1,500,629
(i)  Guthrie Stewart	51,405,015	1,778,329
(j)  Michael B. Targoff	52,450,025	733,319

Final voting results on all matters voted on at the meeting will be filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its international priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us on Twitter, LinkedIn, or visit www.telesat.com.                             

Contacts:

Investor Relations

Hugh Harley		Michael Bolitho
+1 613 748 8424		+1 613 748 8828
ir@telesat.com		ir@telesat.com

FAQ

What decisions were made at Telesat's annual shareholder meeting on June 1, 2022?

At Telesat's annual shareholder meeting, all proposed items, including the election of directors, were approved by shareholders.

Who were the elected directors at Telesat's annual meeting?

Directors elected included Melanie Bernier, Michael Boychuk, Jason A. Caloras, and others, with significant votes in favor.

What is Telesat Lightspeed and its significance?

Telesat Lightspeed is a Low Earth Orbit satellite network designed to deliver high-capacity, fiber-like connectivity across the globe.

Where can I find the final voting results of Telesat's shareholder meeting?

Final voting results will be available on SEDAR and EDGAR.