News
Equitable Group Inc. shareholders approve all business at special meeting
TSX Symbol: ETC TORONTO, May 17 /CNW/ - Shareholders of Equitable Group Inc. today approved all business to come before the Company's annual and special meeting including the full slate of Directors for the Company, the reappointment of KPMG LLP as the firm's auditors and the amendment of Bylaw Number 1 empowering the Board to determine the number of directors to be elected at future annual general meetings. As a result, the Company's Board of Directors for 2007 is as follows:- Paul Alofs - Austin Beutel - Eric Beutel - Geoffrey Bledin - Joseph Dickstein - Eric Kirzner - Andrew Moor - Lionel Robins - Robert Rubinoff - Michael Shulman"We're pleased to report that each director received over 99% in favour of their election, which is a strong endorsement," said Austin Beutel, Chairman of the Board. "As well, shareholders approved the re-appointment of KPMG LLP with 100% in favour and the amendment to Bylaw Number 1, which needed two thirds approval, received the support of 100% of all votes cast." During the meeting, Equitable Group's new President and CEO, Andrew Moor, addressed shareholders, discussing his short-term priorities and reiterating the Company's outlook and growth objectives for 2007. An archived webcast of the meeting is available for three months at www.equitablegroupinc.com. About Equitable Group Inc. Equitable Group Inc. is a leading niche mortgage lender that focuses on single family dwelling, multi-unit residential and commercial mortgage financing in selected geographic territories in Canada. It conducts business through its wholly-owned subsidiary, The Equitable Trust Company, which was founded in 1970. Equitable is also a nationally-licensed deposit-taking institution. Equitable's non-branch business model, valued relationships with third-party mortgage professionals and deposit-taking agents and disciplined lending practices have allowed the Company to grow profitably and efficiently for many years. The common shares of Equitable Group Inc. are listed on the Toronto Stock Exchange under the trading symbol of "ETC". For more information visit www.equitablegroupinc.com. Certain forward-looking statements may be made in this news release, including statements regarding possible future business. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company's periodic reports filed with Canadian regulatory authorities. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Equitable does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf. See the MD&A for further information on forward-looking statements. %SEDAR: 00020356E
For further information:
For further information: Andrew Moor, (416) 513-3519; Stephen Coffey, (416) 515-7000