CALGARY, Alberta – Agrium Inc. today announced results from its 2013 annual meeting of shareholders, held earlier today in Calgary. Shareholders re-elected all twelve incumbent directors nominated by Agrium.
"We thank our shareholders for their overwhelming support in this vote and throughout this extended proxy contest," said Victor Zaleschuk, Agrium’s Chair. "Approximately 80 percent of our top 50 actively managed institutional shareholders voted for Agrium's nominees."
"This vote shows the overwhelming support for Agrium and its integrated strategy" said Mike Wilson, Agrium President and CEO. "We will continue to focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders."
As at the February 25, 2013 record date, Agrium had 149 million shares eligible to vote. Based on preliminary information, approximately 116 million shares were voted, representing rougly 77 percent of the eligible shares. Excluding JANA's shares, on average, JANA nominees received less than 25 percent of the votes cast. After confirmation by Canada Stock Transfer Company Inc., Agrium will file on SEDAR the final results on votes cast for each nominee.
"We would also like to thank Ralph Cunningham, who has retired from the Board today, for his valuable contributions over his many years of service," said Victor Zaleschuk.