Jun 02, 2016

Ballard Announces Results of Annual General Meeting

For Immediate Release

Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced results of its 2016 Annual General Meeting, which was held yesterday at the Company’s headquarters facility in Burnaby, British Columbia.

All nominees listed in the Management Proxy Circular dated April 15, 2016 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the Corporate Leadership section of the Company’s website. 

Director Nominee Votes For % For Votes Withheld % Withheld
Ian A. Bourne 15,869,936 96.59 559,703 3.41
Douglas P. Hayhurst 15,948,130 97.07 481,512 2.93
R. Randall MacEwen 15,968,359 97.19 461,283 2.81
Marty Neese 16,016,103 97.48 413,539 2.52
James Roche 16,026,206 97.54 403,436 2.46
Carol M. Stephenson 15,863,747 95.56 565,895 3.44
Ian Sutcliffe 15,856,655 96.51 572,987 3.49
 At the Annual General Meeting, Ballard’s CEO also provided an update on the business.

In addition, KPMG LLC Chartered Accountants was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation disclosed in the Company’s Management Proxy Circular and a proposal was adopted to continue the Corporation from the Canada Business Corporations Act to the British Columbia Business Corporations Act (Continuance Proposal). 

Item For % For Against % Against Withheld/ Abstain % Withheld/ Abstain Non-Vote
Appointment of Auditors 49,323,902 91.76 0 0 4,430,462 8.24 0
Executive Compensation 11,905,675 72.46 4,523,968 27.54 0 0 37,324,721
Continuance Proposal 14,071,907 85.65 2,357,735 14.35 0 0 37,324,722

Final voting results on all matters voted on at the Annual General Meeting held on June 1, 2016 will be filed on SEDAR (www.sedar.com).

About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com
Further Information
Guy McAree +1.604.412.7919, investors@ballard.com or media@ballard.com

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