Newspaper article The Canadian Press

Preliminary Results Suggest Western Wind Energy Management Nominees Have Won

Newspaper article The Canadian Press

Preliminary Results Suggest Western Wind Energy Management Nominees Have Won

Article excerpt

Western Wind management wins 74% of proxies

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VANCOUVER - Preliminary voting results suggest shareholders of Western Wind Energy Corp. (TSX:WND) have rejected a dissident slate of nominees to its board.

The company, embroiled in a fight with Savitr Capital, said Tuesday that the management slate of nominees garnered 74 per cent of the proxy votes ahead of the shareholder meeting.

Roughly 26 per cent were submitted in favour of the dissident slate.

The company said final voting results would be made available after the shareholder meeting.

Western Wind, which is looking to sell its operations, owns and operates wind and solar generation facilities in California and Arizona.

Savitr Capital had raised concerns about the board's ability to deliver on the sale.

The investment firm thanked shareholders who supported its efforts Tuesday.

"We believe that acting to protect shareholders from a highly dilutive transaction and then pushing for broad oversight of a true and credible sale process will benefit all holders of Western Wind shares," said Andrew Midler, managing member of Savitr. …

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