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Newfoundland Capital Corporation Limited Announces Voting Results of the June 27, 2018 Special Meeting of Shareholders
Newfoundland Capital Corporation Limited Announces Voting Results of the June 27, 2018 Spe...
About this update from Stingray Group, Inc.
[{"type":"text","content":"\n\n\n\nNewfoundland Capital Corporation Limited Announces Voting Results of the June 27, 2018 Special Meeting of Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nDARTMOUTH, NS, June 27, 2018\n\n\n\nDARTMOUTH, NS, June 27, 2018 /CNW/ - Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) (the \"Company\") announced today that its shareholders have approved the Company's plan of arrangement involving the Company, Stingray Digital Group Inc. (TSX: RAY.A, RAY.B) and 10643432 Canada Inc. as described in the Company's Management Information Circular dated May 23, 2018.  Shareholders voted 99.996% in favour of the transaction, with 0.004% of the votes against. Over 95% of the eligible votes were represented at the meeting.\n\nThe transaction remains subject to final court approval as well as Canadian Radio-television and Telecommunications Commission approval, and is expected to close in the next three to six months.  \n\nAbout Newfoundland Capital Corporation Limited Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 101 broadcast licences (72 radio stations and 29 repeating signals) across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.\n\nAbout StingrayStingray Digital Group Inc. (TSX: RAY.A, RAY.B) is the world-leading provider of multiplatform music services, and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, and more. Stingray's services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, music apps, and more. Geared towards individuals and businesses alike, Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 emp...