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VersaBank Announces the Results of its 2019 Meeting of Shareholders

VersaBank (TSX: VB) reports the results of its 2019 Annual Meeting of Shareholders (the “Meeting”) held in Toronto, Ontario on April 24, 2019.

Each of the director nominees listed in VersaBank’s management information circular dated March 1, 2019 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

Director Number of Votes Cast Percentage of Votes Cast
Robbert-Jan Brabander In Favour:
Withheld:
7,082,865
6,231
99.91 %
0.09 %
Gabrielle Bochynek In Favour:
Withheld:
7,062,795
26,301
99.63 %
0.37 %
David A. Bratton In Favour:
Withheld:
7,055,798
33,298
99.53 %
0.47 %
Richard W. Carter In Favour:
Withheld:
7,055,042
34,054
99.52 %
0.48 %
The Honourable Thomas A. Hockin In Favour:
Withheld:
7,054,605
34,491
99.51 %
0.49 %
Colin E. Litton In Favour:
Withheld:
7,082,376
6,720
99.91 %
0.09 %
Susan T. McGovern In Favour:
Withheld:
7,036,480
52,616
99.26 %
0.74 %
Paul G. Oliver In Favour:
Withheld:
7,056,080
33,016
99.53 %
0.47 %
Avery Pennarun In Favour:
Withheld:
7,024,781
64,315
99.09 %
0.91 %
David R. Taylor In Favour:
Withheld:
7,084,365
4,731
99.93 %
0.07 %

At the meeting the Shareholders also approved the re-appointment of KPMG LLP as auditors of the Bank.

VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT VERSABANK

VersaBank adopted an electronic branchless model in 1993, becoming the world’s first branchless financial institution. It holds a Canadian Schedule I chartered bank license and obtains its deposits, and the majority of its loans and leases, electronically. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.

For further information please contact:

Investor Relations: Wade MacBain, (800) 244-1509, [email protected]