Leisureworld Announces Results From Annual and Special Meeting And Confirms Name Change to Sienna Senior Living Inc.
MARKHAM, ON--(Marketwired - April 21, 2015) - Leisureworld Senior Care Corporation (LW.TO) (the "Company") is pleased to announce that it has received shareholder approval in respect of all resolutions to be voted upon at its annual and special meeting of shareholders held on April 21, 2015 (the "Meeting"). In particular, all nominees listed in the Company's information circular dated March 23, 2015 were elected as directors of the Company. The results of the voting for each nominee are as follows:
Nominee | Votes For | Votes Withheld | ||
No. | % | No. | % | |
Dino Chiesa | 8,696,107 | 99.80 | 16,991 | 0.20 |
Lois Cormack | 8,684,987 | 99.68 | 28,111 | 0.32 |
Janet Graham | 8,696,507 | 99.81 | 16,591 | 0.19 |
Paula Jourdain Coleman | 8,698,187 | 99.83 | 14,911 | 0.17 |
Jack MacDonald | 8,657,022 | 99.36 | 56,076 | 0.64 |
John McLaughlin | 8,683,107 | 99.66 | 29,991 | 0.34 |
The proposed approval of all unallocated securities, rights and other entitlements pursuant to the Company's long-term incentive plan and restricted share unit plan, as well as the proposed name change of the Company to Sienna Senior Living Inc. were passed by a majority of the votes represented at the Meeting.
Name Change and Rebranding to Sienna Senior Living
The Company intends to formally change its name to Sienna Senior Living Inc. on or about May 1, 2015. In connection with the name change, the Company has received conditional approval of the Toronto Stock Exchange (the "TSX") to trade under the new trading symbol "SIA".
The name change and rebranding will coincide with the renaming of the Company's 10 retirement residences and 35 long-term care communities.
"With over 40 years of experience in seniors living, the rebranded Sienna Senior Living can be proud of its foundation and reputation, which has been built upon through years of growth and diversification and providing quality care and service to seniors," said Lois Cormack, President and CEO of the Company.
The rebranding will align various sub-brands and promote the uniqueness of each care community and retirement residence. New home names were selected to reflect their connection to the local community, with input from residents, families and employees.
"We are pleased with our diversification and new brand direction that focuses on responding to the unique needs of seniors living in each community that we serve," said Dino Chiesa, Chair of the Company's Board of Directors.
The rebranding follows the Company's launch of a new vision, mission, values and creed in 2014, which may be found on the Company's website at www.leisureworld.ca.
ABOUT LEISUREWORLD SENIOR CARE CORPORATION
Leisureworld Senior Care Corporation (LW.TO) is one of Canada's largest owners of seniors housing and the largest licensed long-term care provider in Ontario. The Company's 7,500 employees are dedicated to helping you live fully, every day in each of its four lines of business: retirement living, home care, third party management services and long-term care. The Company owns and operates 35 long-term care homes and 10 retirement residences, representing a combined 6,799 beds/suites across Ontario and British Columbia. For more information, please visit www.leisureworld.ca.
