MONTREAL, QUEBEC--(Marketwired - Jul 10, 2014) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 27, 2014 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held earlier today in Montréal, Québec.
The details of the election are as follows:
DIRECTOR NOMINEE
OUTCOME
VOTES FOR
% FOR
VOTES
WITHHELD
%
WITHHELD
A.K. Velan
elected
80,848,800
99.57
%
347,728
0.43
%
Tom Velan
elected
80,853,800
99.58
%
342,728
0.42
%
Kenneth MacKinnon
elected
81,196,528
100
%
-
0
%
William Sheffield
elected
81,196,528
100
%
-
0
%
Peter Velan
elected
80,823,395
99.54
%
373,133
0.46
%
Cheryl Hooper
elected
81,196,028
100
%
500
0
%
Jacques Latendresse
elected
81,196,528
100
%
-
0
%
Robert Velan
elected
80,853,800
99.58
%
342,728
0.42
%
The results of the final votes regarding all matters subject to a vote during the annual meeting will be made available on SEDAR (www.sedar.com).
Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Companyâs operations also include a sales operation in Germany.