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| | | | CAMECO CORPORATION Corporate Office 2121 – 11th Street West Saskatoon, Saskatchewan Canada S7M 1J3 Tel 306.956.6200 Fax 306.956.6201 www.cameco.com |
May 16, 2018
Canadian Securities Administrators
Cameco Corporation
Annual Meeting May 16, 2018
Report of Voting Results
Under National Instrument51-102
In accordance with Section 11.3 of National Instrument51-102 –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 16, 2018. 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:
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Ian Bruce | | Tim Gitzel |
Daniel Camus | | Jim Gowans |
John Clappison | | Kathryn Jackson |
Donald Deranger | | Don Kayne |
Catherine Gignac | | Anne McLellan |
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Canadian Securities Administrators
May 16, 2018
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%) percentnon-resident Shareholder voting restriction, would have been:
Vote Results Before Reduction ofNon-resident Vote:
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Nominee | | Votes For | | | % Votes For | | | Withheld | | | % Votes Withheld | |
Ian Bruce | | | 215,149,070 | | | | 97.49 | % | | | 5,542,410 | | | | 2.51 | % |
Daniel Camus | | | 215,078,950 | | | | 97.46 | % | | | 5,612,530 | | | | 2.54 | % |
John Clappison | | | 217,781,045 | | | | 98.68 | % | | | 2,910,435 | | | | 1.32 | % |
Donald Deranger | | | 219,142,108 | | | | 99.30 | % | | | 1,549,372 | | | | 0.70 | % |
Catherine Gignac | | | 218,859,735 | | | | 99.17 | % | | | 1,831,745 | | | | 0.83 | % |
Tim Gitzel | | | 219,215,414 | | | | 99.33 | % | | | 1,476,066 | | | | 0.67 | % |
Jim Gowans | | | 219,072,557 | | | | 99.27 | % | | | 1,618,923 | | | | 0.73 | % |
Kathryn Jackson | | | 215,509,597 | | | | 97.65 | % | | | 5,181,883 | | | | 2.35 | % |
Don Kayne | | | 208,664,831 | | | | 94.55 | % | | | 12,026,649 | | | | 5.45 | % |
Anne McLellan | | | 213,614,899 | | | | 96.79 | % | | | 7,076,581 | | | | 3.21 | % |
Vote Results After Reduction ofNon-resident Vote to 25%:
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Nominee | | Votes For | | | % Votes For | | | Withheld | | | % Votes Withheld | |
Ian Bruce | | | 117,893,795 | | | | 96.34 | % | | | 4,475,873 | | | | 3.66 | % |
Daniel Camus | | | 117,873,480 | | | | 96.33 | % | | | 4,496,188 | | | | 3.67 | % |
John Clappison | | | 120,565,491 | | | | 98.53 | % | | | 1,804,177 | | | | 1.47 | % |
Donald Deranger | | | 121,640,676 | | | | 99.40 | % | | | 728,992 | | | | 0.60 | % |
Catherine Gignac | | | 121,584,529 | | | | 99.36 | % | | | 785,139 | | | | 0.64 | % |
Tim Gitzel | | | 121,666,938 | | | | 99.43 | % | | | 702,730 | | | | 0.57 | % |
Jim Gowans | | | 121,519,837 | | | | 99.31 | % | | | 849,831 | | | | 0.69 | % |
Kathryn Jackson | | | 117,970,738 | | | | 96.41 | % | | | 4,398,930 | | | | 3.59 | % |
Don Kayne | | | 114,645,004 | | | | 93.69 | % | | | 7,724,664 | | | | 6.31 | % |
Anne McLellan | | | 117,366,458 | | | | 95.91 | % | | | 5,003,210 | | | | 4.09 | % |
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.
Canadian Securities Administrators
May 16, 2018
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%) percentnon-resident Shareholder voting restriction, would have been:
Vote Results Before Reduction ofNon-resident Vote:
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Votes For | | % Votes For | | Votes Withheld | | % Votes Withheld | |
248,458,425 | | 98.05% | | 4,952,703 | | | 1.95 | % |
Vote Results After Reduction ofNon-resident Vote to 25%:
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Votes For | | % Votes For | | Votes Withheld | | % Votes Withheld | |
119,509,828 | | 97.66% | | 2,859,707 | | | 2.34 | % |
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%) percentnon-resident Shareholder voting restriction, was as follows:
Vote Results Before Reduction ofNon-resident Vote:
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Votes For | | % Votes For | | Votes Against | | % Votes Against | |
201,067,072 | | 91.11% | | 19,624,408 | | | 8.89 | % |
Vote Results After Reduction ofNon-resident Vote to 25%:
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Votes For | | % Votes For | | Votes Against | | % Votes Against | |
113,977,521 | | 93.13% | | 8,401,709 | | | 6.87 | % |
Cameco Corporation
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By: | | “Sean A. Quinn” |
| | Sean A. Quinn |
| | Senior Vice-President, Chief Legal Officer and Corporate Secretary |