British Columbia Securities Commission
Ontario Securities Commission
Toronto Stock Exchange
May 10, 2013
Dear Sirs / Mesdames:
Re: Norsat International Inc. Report of Voting Results
Pursuant to section 11.3 of National Instrument 51-102, the following matters were put to vote at the annual general and special meeting of shareholders of Norsat International Inc. (the “Company”) held on May 8, 2013. The report on the voting results is as follows:
1. | Setting Number of Directors |
The number of directors was set at five.
2. | Election of Directors |
The following individuals were elected as directors of the Company until the next annual general meeting of shareholders:
Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
Fabio Doninelli | 23,181,503 | 99.80 | 45,828 | 0.20 |
Joseph Caprio | 23,198,003 | 99.87 | 29,328 | 0.13 |
Amiee Chan | 22,730,650 | 97.86 | 496,681 | 2.14 |
James Topham | 23,002,850 | 99.03 | 224,481 | 0.97 |
Andrew Harries | 23,002,850 | 99.03 | 224,481 | 0.97 |
3. Appointment of Auditors
Grant Thornton LLP, Chartered Accountants, were appointed as auditors of the Company until the close of the next annual general meeting of shareholders and the directors were authorized to determine their remuneration.
4. Increase Authorized Capital of Common Shares
The shareholders voted and approved the increase of the Company’s authorized capital from 100,000,000 common shares without par value to an unlimited number of common shares without par value and the amendment of the Company’s Notice of Articles to reflect such increase.
The details of the vote were as follows:
Votes For | % Votes For | Votes Withheld | % Votes Withheld |
26,909,192 | 90.96 | 2,672,791 | 9.04 |
Total Shares Voted: 29,581,983 (50.73% of the issued and outstanding common shares)
No other business was voted upon at the meeting.
Norsat International Inc.
“Arthur Chin”
Arthur Chin
Chief Financial Officer