WestJet Airlines Ltd. (TSX: WJA) has released the voting results from its Annual General Meeting held Tuesday May 3, 2016 in Calgary, Alberta, the company said.
The total number of shares represented by shareholders present in person and by proxy at the meeting was 63.7 million representing 52.1 percent of WestJet´s issued and outstanding Common Voting Shares and Variable Voting Shares.
Given that the total number of votes cast by or on behalf of holders of WestJet´s Variable Voting Shares at the meeting exceeded 25 percent of the total number of votes cast at the meeting, the results below reflect the fact that the vote attached to each Variable Voting Share has been automatically decreased to equal the maximum vote permitted per Variable Voting Share under WestJet´s amended and restated articles of incorporation, which, in these circumstances was 0.6921 of a vote per Variable Voting Share.
WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights; operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada, and a destination in the United States; and provides cargo and charter services.
As of December 31, 2015, it operated a fleet of 114 Boeing 737 Next Generation aircraft, 24 Bombardier Q400 aircraft, and 2 Boeing 767-300ERW aircraft for approximately 100 destinations in North America, Central America, the Caribbean, and Europe. The company was founded in 1994 and is headquartered in Calgary, Canada.