Exhibit 99.2
May 30, 2014
Canadian Securities Administrators
Cameco Corporation
Annual Meeting May 28, 2014
Report of Voting Results
Under National Instrument 51-102
In accordance with Section 11.3 of National Instrument 51-102 –Continuous Disclosure Obligations, we advise of the results of the voting on the matters submitted to the annual meeting (the Meeting) of the shareholders (the Shareholders) of Cameco Corporation (the Corporation) held on May 28, 2014. Each of the matters set forth below is described in greater detail in the Notice for the Meeting and Management Proxy Circular mailed to Shareholders prior to the Meeting.
The matters voted upon at the Meeting and the results of the voting were as follows:
Item 1: Election of Directors
The following directors were elected to hold office for the ensuing year or until their successors are elected or appointed:
| | |
Ian Bruce | | Tim Gitzel |
Daniel Camus | | James Gowans |
John Clappison | | Nancy Hopkins |
Joe Colvin | | Anne McLellan |
James Curtiss | | Neil McMillan |
Donald Deranger Catherine Gignac | | Victor Zaleschuk |
May 29, 2014
Page 2
If a ballot vote had been taken, based upon proxy votes by Shareholders received by the Corporation, the voting results for the election of directors, both before and after giving effect to the twenty-five (25%) percent non-resident Shareholder voting restriction, would have been:
Vote Results Before Reduction of Non-resident Vote:
| | | | | | | | | | | | | | | | |
Nominee | | Votes For | | | % Votes For | | | Withheld | | | % Votes Withheld | |
Ian Bruce | | | 221,436,518 | | | | 99.01 | % | | | 2,217,387 | | | | 0.99 | % |
Daniel Camus | | | 207,576,221 | | | | 92.81 | % | | | 16,077,684 | | | | 7.19 | % |
John Clappison | | | 221,763,159 | | | | 99.15 | % | | | 1,890,746 | | | | 0.85 | % |
Joe Colvin | | | 209,156,557 | | | | 93.52 | % | | | 14,497,348 | | | | 6.48 | % |
James Curtiss | | | 209,327,291 | | | | 93.59 | % | | | 14,326,614 | | | | 6.41 | % |
Donald Deranger | | | 219,786,449 | | | | 98.27 | % | | | 3,867,456 | | | | 1.73 | % |
Catherine Gignac | | | 221,544,049 | | | | 99.06 | % | | | 2,109,856 | | | | 0.94 | % |
Tim Gitzel | | | 221,391,117 | | | | 98.99 | % | | | 2,262,788 | | | | 1.01 | % |
James Gowans | | | 221,746,323 | | | | 99.15 | % | | | 1,907,582 | | | | 0.85 | % |
Nancy Hopkins | | | 220,601,989 | | | | 98.64 | % | | | 3,051,916 | | | | 1.36 | % |
Anne McLellan | | | 210,377,002 | | | | 94.06 | % | | | 13,276,903 | | | | 5.94 | % |
Neil McMillan | | | 220,837,352 | | | | 98.74 | % | | | 2,816,553 | | | | 1.26 | % |
Victor Zaleschuk | | | 209,743,193 | | | | 93.78 | % | | | 13,910,712 | | | | 6.22 | % |
Vote Results After Reduction of Non-resident Vote to 25%:
| | | | | | | | | | | | | | | | |
Nominee | | Votes For | | | % Votes For | | | Withheld | | | % Votes Withheld | |
Ian Bruce | | | 187,926,682 | | | | 99.18 | % | | | 1,556,474 | | | | 0.82 | % |
Daniel Camus | | | 174,674,073 | | | | 92.18 | % | | | 14,809,084 | | | | 7.82 | % |
John Clappison | | | 188,267,502 | | | | 99.36 | % | | | 1,215,654 | | | | 0.64 | % |
Joe Colvin | | | 175,949,425 | | | | 92.86 | % | | | 13,533,731 | | | | 7.14 | % |
James Curtiss | | | 176,107,305 | | | | 92.94 | % | | | 13,375,851 | | | | 7.06 | % |
Donald Deranger | | | 186,613,904 | | | | 98.49 | % | | | 2,869,253 | | | | 1.51 | % |
Catherine Gignac | | | 188,054,944 | | | | 99.25 | % | | | 1,428,213 | | | | 0.75 | % |
Tim Gitzel | | | 187,885,698 | | | | 99.16 | % | | | 1,597,458 | | | | 0.84 | % |
James Gowans | | | 188,245,612 | | | | 99.35 | % | | | 1,237,544 | | | | 0.65 | % |
Nancy Hopkins | | | 187,397,413 | | | | 98.90 | % | | | 2,085,744 | | | | 1.10 | % |
Anne McLellan | | | 176,885,130 | | | | 93.35 | % | | | 12,598,026 | | | | 6.65 | % |
Neil McMillan | | | 187,549,502 | | | | 98.98 | % | | | 1,933,654 | | | | 1.02 | % |
Victor Zaleschuk | | | 176,363,914 | | | | 93.08 | % | | | 13,119,243 | | | | 6.92 | % |
Item 2: Appointment of Auditors
By a vote by way of show of hands, KPMG LLP was appointed auditors of the Corporation to hold office until the next annual meeting of Shareholders, or until their successors are appointed.
May 29, 2014
Page 3
If a ballot vote had been taken, based upon proxy votes by Shareholders received by the Corporation, the voting results for appointment of auditors, both before and after giving effect to the twenty-five (25%) percent non-resident Shareholder voting restriction, would have been:
Vote Results Before Reduction of Non-resident Vote:
| | | | | | |
Votes For | | % Votes For | | Votes Withheld | | % Votes Withheld |
251,492,972 | | 97.91% | | 5,363,171 | | 2.09% |
Vote Results After Reduction of Non-resident Vote to 25%:
| | | | | | |
Votes For | | % Votes For | | Votes Withheld | | % Votes Withheld |
193,003,876 | | 97.58% | | 4,779,840 | | 2.42% |
Item 3: Executive Compensation
On a vote by ballot, an advisory resolution was passed accepting the approach to executive compensation disclosed in Cameco’s Management Proxy Circular delivered in advance of this meeting.
The outcome of the ballot vote, both before and after giving effect to the twenty-five (25%) percent non-resident Shareholder voting restriction, was as follows:
Vote Results Before Reduction of Non-resident Vote:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
206,117,259 | | 92.16% | | 17,536,646 | | 7.84% |
Vote Results After Reduction of Non-resident Vote to 25%:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
173,463,077 | | 91.54% | | 16,032,625 | | 8.46% |
Item 4: Amending the Bylaws
On a vote by ballot, a resolution was passed confirming the Amended and Related Bylaw No. 7 approved by the Corporation’s board on February 7, 2014 and disclosed in the Management Proxy Circular delivered in advance of the meeting.
The outcome of the ballot vote, both before and after giving effect to the twenty-five (25%) percent non-resident Shareholder voting restriction, was as follows:
Vote Results Before Reduction of Non-resident Vote:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
171,133,676 | | 76.52% | | 52,518,729 | | 23.48% |
Vote Results After Reduction of Non-resident Vote to 25%:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
145,890,433 | | 76.99% | | 43,604,894 | | 23.01% |
May 29, 2014
Page 4
On a vote by ballot, a resolution was passed confirming the Amended and Restated Bylaw No. 7 as approved by the Corporation’s board on May 16, 2014 and set out in the Corporation’s May 16, 2014 securities filing and described to the Meeting, which deleted the last sentence in section 6.2(c) of the bylaws, which stated that no adjournment or postponement of a meeting of shareholders or the announcement thereof would commence a new time period for the giving of a nominating shareholder’s notice respecting advance notice of director nominations.
The outcome of the ballot vote, both before and after giving effect to the twenty-five (25%) percent non-resident Shareholder voting restriction, was as follows:
Vote Results Before Reduction of Non-resident Vote:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
171,133,676 | | 76.52% | | 52,518,729 | | 23.48% |
Vote Results After Reduction of Non-resident Vote to 25%:
| | | | | | |
Votes For | | % Votes For | | Votes Against | | % Votes Against |
145,890,433 | | 76.99% | | 43,604,894 | | 23.01% |
Cameco Corporation
| | |
By: | | “Sean A. Quinn” |
| | Sean A. Quinn |
| | Senior Vice-President, Chief Legal Officer and Corporate Secretary |