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Ritchie Bros. Auctioneers reports on voting results from the 2015 annual and special meeting of shareholders

05/05/2015

VANCOUVER, May 5, 2015 /CNW/ - The Annual and Special Meeting of Shareholders (the "Meeting") of Ritchie Bros. Auctioneers Incorporated (the "Company")(NYSE and TSX: RBA), the world's largest industrial auctioneer, was held on May 4, 2015 in Burnaby, British Columbia. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 2, 2015, which can be found on the Company's website at: https://www.rbauction.com/cms_assets/pdf/investor-relations/annual-reports/2015/2015-information-circular.pdf (the "Information Circular").

The total number of shares represented by shareholders in person and by proxy at the meeting was 94,587,474 shares, representing approximately 87.65% of the Company's outstanding shares. The voting in relation to the election of directors was conducted by way of ballot at the Meeting and the results were as follows:

Name of Director                                  

Votes for (%)                

Votes Withheld (%)

Beverley Anne Briscoe                                  

99.27%

0.73%

Robert George Elton                                        

99.42%

0.58%

Erik Olsson                                               

99.50%

0.50%

Eric Patel                                                          

99.23%

0.77%

Edward Baltazar Pitoniak                                     

99.97%

0.03%

Ravichandra K. Saligram                                  

99.96%

0.04%

Christopher Zimmerman                                  

99.50%

0.50%

Lisa Anne Pollina                                                           

99.97%

0.03%

At the Meeting, the shareholders also confirmed the amendments to the Company's Bylaw No. 1 as attached to the Information Circular and passed a resolution (on an advisory basis) accepting the approach to executive compensation as disclosed in the Information Circular.

The Company has also filed a report of voting results on all other resolutions voted on at the Meeting on www.sedar.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauction.com/financing). Ritchie Bros. has operations in 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

SOURCE Ritchie Bros. Auctioneers

Darren Watt, Corporate Secretary, Phone: 778 331 5500, Email: ir@rbauction.com
Categories: Press Releases
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