For Immediate Release
NORSAT ANNOUNCES ELECTION OF DIRECTORS
Vancouver, British Columbia–May 8, 2015– Norsat International Inc. (“Norsat” or “the Company”) (TSX: NIIand NYSE MKT: NSAT), a leading provider of innovative communication solutions that enable the transmission of data, audio and video for remote and challenging applications, today announced that all the nominees listed in the information circular dated March 25, 2015 were elected as directors of Norsat at its annual general meeting of shareholders (the “Meeting”) on May 6, 2015. The detailed results of the vote are set out below
| | | | |
| | | % Votes | | % Votes |
| Nominee | Votes For | For | Votes Withheld | Withheld |
| Fabio Doninelli | 2,423,508 | 99.84 | 3,830 | 0.16 |
| Joseph Caprio | 2,418,246 | 99.63 | 9,092 | 0.37 |
| Amiee Chan | 2,424,079 | 99.87 | 3,259 | 0.13 |
| James Topham | 2,420,398 | 99.71 | 6,940 | 0.29 |
| Shannon Susko | 2,420,746 | 99.73 | 6,592 | 0.27 |
All other matters voted on at the Meeting are as follows:
Appointment of Auditors
A poll was conducted with respect to the appointment of auditors. According to proxies received and the poll conducted, PricewaterhouseCoopers LLP, Chartered Accountants, was appointed auditors of the Company for the ensuing year and the directors are authorized to determine their remuneration with 2,922,546 (99.40%) votes cast in favour and 17,727 (0.60%) votes withheld.
Continuation of the Company’s Stock Option Plan
A poll was conducted with respect to the continuation of the Company’s Stock Option Plan dated May 9, 2012 as disclosed in the Company’s information circular. According to the proxies received and the poll conducted, the continuation of the Company’s Stock Option Plan was accepted with 2,386,899 (98.33%) votes cast in favour and 40,439 (1.67%) votes against.
Final voting results on all matters voted on at the Meeting will be filed shortly with the Canadian and U.S. securities regulators.
About Norsat International Inc.
Founded in 1977, Norsat International Inc. is a leading provider of innovative communication solutions that enable thetransmission of data, audio and video for remote and challenging applications. Norsat’s products and services include leading-edge product design and development, production, distribution and infield support and service of fly-away satellite terminals, microwave components, antennas, Radio Frequency (RF) conditioning products, maritime based satellite terminals and remote network connectivity solutions. More information is available atwww.norsat.com, via email atinvestor@norsat.comor by phone at 1-604-821-2800.
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For further information, contact:
| |
| Dr. Amiee Chan | Mr. Arthur Chin |
| President & CEO | Chief Financial Officer |
| Tel: 604 821-2800 | Tel: 604 821-2800 |
| Email: achan@norsat.com | Email: achin@norsat.com |
