Turquoise Hill Announces Results of Voting for Directors
On May 12, 2021, Turquoise Hill Resources Ltd. (TSX:TRQ, NYSE:TRQ) announced the election results of its management proxy circular dated March 26, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
On May 12, 2021, Turquoise Hill Resources Ltd. (TSX:TRQ, NYSE:TRQ) announced the election results of its management proxy circular dated March 26, 2021. All seven management nominees were elected as directors during the annual shareholders meeting. Notable voting results included George Burns with 88.96% votes for and R. Peter Gillin with 80.71%. The full voting results will be filed on SEDAR. Turquoise Hill is primarily engaged in the operation and development of the Oyu Tolgoi copper-gold mine in Mongolia, where it holds a 66% interest.
Positive
- All seven management nominees were elected as directors, indicating strong support from shareholders.
- High percentage of votes for key nominees, such as George Burns (88.96%) and Steve Thibeault (89.69%), reflects confidence in leadership.
Negative
- R. Peter Gillin received only 80.71% of votes, suggesting some shareholder dissent.
Details
News Market Reaction – TRQ
The recorded move for TRQ in the trading session of this news was -18.08%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, May 12, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSE:TRQ) ("Turquoise Hill" or the "Company") today announced that the nominees set forth in its management proxy circular dated March 26, 2021 were elected as directors of Turquoise Hill. The detailed results of the vote for the election of directors held at the annual meeting of shareholders, which took place on May 12, 2021, are set out below.
Election of Directors
According to votes received, each of the following seven management nominees was elected as a director of Turquoise Hill to hold office until the Company's next annual meeting of shareholders or until the director's successor is elected or appointed, with the following results:
Name of Nominee | Votes For | % For | Votes Withheld | % Withheld |
George Burns | 143,281,680 | 17,775,025 | ||
R. Peter Gillin | 129,988,745 | 31,067,960 | ||
Alfred P. Grigg | 133,864,450 | 27,192,255 | ||
Stephen Jones | 135,542,923 | 25,513,782 | ||
Russel C. Robertson | 133,868,003 | 27,188,702 | ||
Maryse Saint-Laurent | 134,154,570 | 26,902,135 | ||
Steve Thibeault | 144,452,375 | 16,604,330 |
Final results on all matters voted on at the annual meeting of shareholders will be filed on SEDAR.
About Turquoise Hill Resources
Turquoise Hill is an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, which is the Company's principal and only material mineral resource property. Turquoise Hill's ownership of the Oyu Tolgoi mine is held through a
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SOURCE TURQUOISE HILL RESOURCES LTD
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