Telesat Announces Results of 2024 Annual General and Special Meeting of Shareholders

Telesat

20 June 2024 at 0:15 pm·2-min read

OTTAWA, June 20, 2024 (GLOBE NEWSWIRE) -- Telesat Corporation (NASDAQ and TSX: TSAT) (“Telesat” or the “Company”), one of the world’s largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast.

Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company, the amendment to the Company’s Omnibus Plan to increase the number of Class A Common Shares and Class B Variable Voting Shares available for issuance under the Omnibus Plan and the election of each of the director nominees as follows:

Director Nominee	Votes For	Votes Withheld
(a) Michael Boychuk	46,931,389	3,845,516
(b) Jane Craighead	43,711,535	7,069,540
(c) Richard Fadden	46,927,929	3,849,006
(d) Daniel S. Goldberg	49,459,604	1,317,331
(e) Henry (Hank) Intven	43,821,781	6,963,294
(f) David Morin	46,254,162	4,552,773
(g) Dr. Mark H. Rachesky	42,908,885	7,872,690
(h) Guthrie Stewart	43,155,412	7,626,163
(i) Michael B. Targoff	46,166,072	4,610,863
(j) Janet Yeung	45,481,535	5,261,184

Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at https://www.sedarplus.com/ and on EDGAR at https://www.sec.gov/

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (“LEO”) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us on @Telesat on x.com or LinkedIn, or visit https://www.telesat.com/.

Contacts:

Investor Relations

James Ratcliffe
+1 613 748 8424
ir@telesat.com

Fortune
Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla
If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.
Manchester Evening News
Personal finance expert says people are making £20,000 savings mistake
Roughly 40 million people could be missing out on thousands of pounds for 'free'
SWNS
Family with £62k income using Klarna for food shop due to cost of living crisis
A mum-of-five with a £62k household income has resorted to using Klarna to afford her food shop - due to the cost-of-living crisis. Laura Caine, 40, struggles to cover her family's monthly outgoings using her £1k-a-month universal credit payment and her husband Martin's £50k games programmer salary. The couple have five children - aged 18 to nine - and say feeding the brood three meals a day gets expensive so they have had to use the buy-now-pay-later service. In recent months Laura says she had to use Klarna to afford groceries as she "can't afford" to pay for a big shop upfront. Laura claims both she and Martin have both maxed out their credit cards after their energy bill shot up to £450-a-month from £200.
The Northern Echo
Universal Credit warning to thousands as 180,000 have benefits stopped
Households who receive six legacy benefits set to be replaced by Universal Credit have been issued a warning as they risk having their benefits stopped
Fool.co.uk
A rare chance to buy one of the best dividend shares on the market?
This is one of the best-performing dividend shares on the London Stock Exchange, and it looks incredibly cheap. But could this soon change? The post A rare chance to buy one of the best dividend shares on the market? appeared first on The Motley Fool UK.
Fool.co.uk
A 9.9% dividend yield! Is this hidden FTSE passive income gem too good to miss?
This FTSE 100 insurance and investment firm has one of the highest yields in the index, looks set for stellar growth, and appears undervalued to me. The post A 9.9% dividend yield! Is this hidden FTSE passive income gem too good to miss? appeared first on The Motley Fool UK.
Business Insider
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
Benzinga
Warren Buffett's Weekly Dividend Earnings Exceed $47 Million: The Top 3 Stocks Driving His Wealth
American business owner Warren Buffett, founder of multinational conglomerate holding company Berkshire Hathaway, collects $2.1 billion in dividends from just three stocks. Here are the three stocks driving his growing wealth. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average? Miami is expected to take New York's place as the U.S. Financial Capital. Here's how you
Fortune
Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
The Telegraph
What Labour has in store for your pension
The pensioner vote has been a key battleground in this election. One of the Conservatives’ key pledges was the introduction of the “triple lock plus” – extra tax breaks for the retired. But it is highly unlikely the policy will see the light of day, so what does Labour have in store for your retirement savings – and what can you do about it?
Fool.co.uk
2 brilliant FTSE 100 stocks for investors to consider buying in July!
The FTSE 100 is full to the brim with exceptional companies. But there are two stocks this Fool likes the look of. Here he explains why. The post 2 brilliant FTSE 100 stocks for investors to consider buying in July! appeared first on The Motley Fool UK.
Fool.co.uk
Hidden potential: could this UK-listed growth stock be the next Nvidia?
Based in Canada but listed in London, I think up-and-coming chip designer could be the next big thing to drive AI adoption in the UK. The post Hidden potential: could this UK-listed growth stock be the next Nvidia? appeared first on The Motley Fool UK.
Fool.co.uk
Down 14% last month! What’s going on with the share price of this FTSE 250 British icon?
The FTSE 250 slipped 3.5% in June as the UK market headed towards the summer. But this one stock bore the brunt of the losses. The post Down 14% last month! What’s going on with the share price of this FTSE 250 British icon? appeared first on The Motley Fool UK.
Fool.co.uk
FTSE shares are on fire but these 2 are down by over 10% in 2024. I’d buy them today!
Even with the FTSE flying, these two stocks have struggled. But this Fool senses an opportunity. He'd buy them today if he had the cash. The post FTSE shares are on fire but these 2 are down by over 10% in 2024. I’d buy them today! appeared first on The Motley Fool UK.
The Telegraph
How Britain’s wealthiest savers are preparing for a Labour government
As Conservative grandees fret about a Labour “forever government” after this week’s election, Britain’s most affluent savers and investors are busy making the most of tax reliefs while they still can.
Fool.co.uk
The Vodafone share price is down nearly 50%. Is it a sleeping giant or one to avoid?
Vodafone has lost 50% of its value in five years. Its share price looks cheap on paper. But this Fool still doesn't plan on buying any shares. The post The Vodafone share price is down nearly 50%. Is it a sleeping giant or one to avoid? appeared first on The Motley Fool UK.
Fool.co.uk
3 penny stocks I’d buy to target a £1,280 passive income
These high-dividend penny shares could be great passive income buys for years to come. Here Royston Wild gives the lowdown on their prospects. The post 3 penny stocks I’d buy to target a £1,280 passive income appeared first on The Motley Fool UK.
Fool.co.uk
Here’s how I’d invest £20k in high-yield dividend shares to target £500 in monthly passive income
With £20,000 in savings and bit of research, our writer thinks it's perfectly possibly to generate a tidy passive income stream over the long term. The post Here’s how I’d invest £20k in high-yield dividend shares to target £500 in monthly passive income appeared first on The Motley Fool UK.
The Telegraph
Macron’s snap election triggers flood of investment into UK markets
British stocks are benefitting from political turbulence in France, a City investor has said.
Fool.co.uk
Are these brokers right to hike their Rolls-Royce share price forecasts?
Jon Smith explains why some brokers have increased their target for the Rolls-Royce share price but flags up some of his concerns. The post Are these brokers right to hike their Rolls-Royce share price forecasts? appeared first on The Motley Fool UK.

NIKKEI 225

HANG SENG

CRUDE OIL

GOLD FUTURES

DOW

Bitcoin GBP

CMC Crypto 200

NASDAQ Composite

UK FTSE All Share

What to do with an inheritance

Telesat Announces Results of 2024 Annual General and Special Meeting of Shareholders

Latest stories

Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla

Personal finance expert says people are making £20,000 savings mistake

Family with £62k income using Klarna for food shop due to cost of living crisis

Universal Credit warning to thousands as 180,000 have benefits stopped

A rare chance to buy one of the best dividend shares on the market?

A 9.9% dividend yield! Is this hidden FTSE passive income gem too good to miss?

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Warren Buffett's Weekly Dividend Earnings Exceed $47 Million: The Top 3 Stocks Driving His Wealth

Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor

What Labour has in store for your pension

2 brilliant FTSE 100 stocks for investors to consider buying in July!

Hidden potential: could this UK-listed growth stock be the next Nvidia?

Down 14% last month! What’s going on with the share price of this FTSE 250 British icon?

FTSE shares are on fire but these 2 are down by over 10% in 2024. I’d buy them today!

How Britain’s wealthiest savers are preparing for a Labour government

The Vodafone share price is down nearly 50%. Is it a sleeping giant or one to avoid?

3 penny stocks I’d buy to target a £1,280 passive income

Here’s how I’d invest £20k in high-yield dividend shares to target £500 in monthly passive income

Macron’s snap election triggers flood of investment into UK markets

Are these brokers right to hike their Rolls-Royce share price forecasts?