Jun 08, 2017

Ballard Announces Results of Annual General Meeting

For Immediate Release – June 8, 2017

– Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced results of its 2017 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 18, 2017 were elected as directors of the Company. Each of the Ballard directors was elected or 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 41,275,156 98.39 675,968 1.61
Douglas P. Hayhurst 41,462,289 98.83 488,835 1.17
Duy-Loan Le 41,441,932 98.79  509,192 1.21 
R. Randall MacEwen 41,483,115 98.88 468,009 1.12
Marty Neese 41,472,067 98.86 479,057 1.14
James Roche 41,372,439 98.62 578,685 1.38
Ian Sutcliffe 41,339,043 98.54 612,081 1.46
 Janet Woodruff 41,523,130 98.98 427,994  1.02 

At the Annual General Meeting, Ballard’s CEO provided an update on the business, which can be found at www.ballard.com/investors/presentations-events

In addition, KPMG LLC Chartered Accountants was appointed as auditor for the Company and an advisory vote approved the approach to executive compensation disclosed in the Company’s Management Proxy Circular. 

Item For % For Against % Against Withheld/ Abstain % Withheld/ Abstain Non-Vote
Appointment of Auditors 75,099,051 98.69 0 0 997,909 1.31 0
Executive Compensation 40,950,461 97.61 1,000,661 2.31 0 0 34,145,835
Final voting results on all matters voted on at the Annual General Meeting held on June 7, 2017 will be filed on SEDAR (www.sedar.com).   

About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) 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, media@ballard.com or investors@ballard.com

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