Vecima Announces Voting Results from AGM

VICTORIA – (November 27, 2017) – Vecima Networks Inc. (TSX:VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today announced the voting results of the company’s special and annual general meeting of shareholders held on November 27, 2017. All the shareholders’ resolutions were approved.

Election of Directors
The number of directors was set at five and the five nominees of management were elected as directors at the meeting. The election of directors was conducted by show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:

Continuation of Stock Option Plan
At the meeting the amendment and the continuation of the stock option plan was approved with 17,174,850 shares for and 317,626 shares against representing 98.18% and 1.82% of the respective votes cast.

Appointment of Auditors
At the meeting, Deloitte LLP was re-appointed as auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration.