Ur-Energy Shareholders Approve Executive Compensation Plan
Ur-Energy announces the results of the Company's Annual General and Special Meeting of Shareholders held June 4 including the election of directors. Shareholders representing approximately 70.84% of the Company's issued and outstanding common shares were represented at the meeting. Each of the nominee directors listed in the Company's management proxy circular dated April 24 was elected as a director. The Company's independent auditor, BDO USA, was reappointed by the shareholders, and the directors of the Company were authorized to fix the remuneration of the auditor. The "say on pay" vote to approve executive compensation was approved with 97.63% of the votes cast voting for the non-binding advisory vote. The advisory vote on the preferred frequency of voting on executive compensation, or "say when on pay," was returned with a vote of 98.20% for every year, which was the recommendation made by the Company. A total of 0.23% of the votes were cast in favor of every two years and 0.70% in favor of every three years. The Board of Directors has adopted the preference expressed by the shareholders in this advisory vote and will conduct advisory votes on executive compensation every year until the Company's next "say when on pay vote" in 2032. Renewal of the Company's Amended and Restated Stock Option Plan was approved by a majority of the votes represented.
