CIBT Announces Director Election Results and Approval of Alteration of Articles
25 January 2014 - 11:24AM
Business Wire
CIBT Education Group Inc. (TSX: MBA, OCTQX International:
MBAIF) (“CIBT Group”) reports the voting results of the
election of directors at its annual general meeting held today
pertaining to the fiscal year ended August 31, 2013, as required by
Toronto Stock Exchange. All of the director nominees, as listed in
the management information circular dated November 29, 2013, were
elected. Voting as to each of the director nominees was as
follows:
Votes in Favour
Votes Withheld Toby Chu
88.88% 11.12% Tony David
100% 0% Derek Feng
100% 0%
David Hsu 100%
0% Troy Rice 100%
0% Shane Weir 88.9%
11.10%
The results of the other matters voted upon by shareholders are
reported in the Report of Voting Results filed today on SEDAR.
CIBT Group also reports that shareholders approved the
alteration of its articles to include advance notice provisions
relating to the nomination of individuals for election of
directors. These provisions are designed to (i) facilitate orderly
and efficient shareholder meetings at which directors are to be
elected; (ii) ensure that all shareholders, including those
participating in a shareholders’ meeting by proxy rather than in
person, receive adequate notice of all director nominations and
sufficient information with respect to all nominees; and (iii)
allow shareholders to register an informed vote.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company
focused on the global education market since 1994. Listed in Canada
on the Toronto Stock Exchange and in the U.S. on the OTCQX
International, CIBT Group owns and operates a network of business,
technical and language colleges in North America and Asia. CIBT
Group offers cooperative joint programmes in 12 countries with
campuses, recruitment offices and training centers enrolling over
5,000 students annually. Its education business is operated through
Sprott Shaw College (established in 1903), Acsenda School of
Management, CIBT School of Business China, and A‐Plus Education
Centers in China. Through these subsidiaries, CIBT Group offers
Western and Chinese accredited business and management degrees,
programmes in college preparation, healthcare, hotel management and
tourism, English language training, English Teacher Certifications,
junior and high school preparation programmes for overseas study,
and other career/vocational training. CIBT Group also owns Irix
Design Group, a leading design and advertising company based in
Vancouver, Canada, Global Career Center (“GCC”), Global Education
Alliance (“GEA”) and Global Education City Holdings Inc (“GEC”).
GCC is a job placement call center located in the Philippines
dedicated to providing employment services to CIBT Group graduates
for free throughout their careers. GEA recruits international
students for many elite kindergarten, primary, secondary schools
and universities in North America. GEC is an investment holding and
management company with a special focus on education related real
estate projects in Canada. Visit us online at www.cibt.net.
ON BEHALF OF THE BOARD OF DIRECTORS
“Toby Chu”
Toby ChuVice-Chairman, President & CEO
Investor Relations Contact: N. America Toll Free: 1-888-865-0901
Email: info@cibt.net
CIBT Education Group Inc.Investor Relations:Toby Chu,
1-888-865-0901Vice-Chairman, President & CEOinfo@cibt.net
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