CALGARY, ALBERTA -- (Marketwired) -- 04/09/13 -- ALL AMOUNTS ARE STATED IN U.S.$
Agrium Inc. (TSX: AGU) (NYSE: AGU) today announced results from its 2013 annual meeting of shareholders, held earlier today in Calgary. Shareholders re-elected all twelve incumbent directors nominated by Agrium.
"We thank our shareholders for their overwhelming support in this vote and throughout this extended proxy contest," said Victor Zaleschuk, Agrium's Chair. "Approximately 80 percent of our top 50 actively managed institutional shareholders voted for Agrium's nominees."
"This vote shows the overwhelming support for Agrium and its integrated strategy" said Mike Wilson, Agrium President and CEO. "We will continue to focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders."
As at the February 25, 2013 record date, Agrium had 149 million shares eligible to vote. Based on preliminary information, approximately 116 million shares were voted, representing approximately 77 percent of the eligible shares. Excluding JANA's shares, on average, JANA nominees received less than 25 percent of the votes cast. After confirmation by Canada Stock Transfer Company Inc., Agrium will file on SEDAR the final results on votes cast for each nominee.
"We would also like to thank Ralph Cunningham, who has retired from the Board today, for his valuable contributions over his many years of service," said Victor Zaleschuk.
Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through our Advanced Technologies business unit. Agrium's strategy is to provide the crop inputs and services needed to feed a growing world. We focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders.
Forward-looking Statements Advisory
Certain statements and other information included in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation or constitute "forward-looking statements" within the meaning of applicable U.S. securities legislation (collectively, "forward-looking statements"). Forward-looking statements are typically identified by the words "believe", "expect", "estimate", "would" and other similar expressions. All statements in this news release other than those relating to historical information or current conditions are forward-looking statements, including, but not limited to, statements as to our expectations, estimates and analysis with respect to: the composition of our Board of Directors; the results of our 2013 annual meeting of shareholders; the ability of certain director nominees to effect positive change in shareholder value; and the value, benefits, efficiencies and opportunities resulting from our strategy and the integrated nature of our business, including our ability to return capital to shareholders. Readers are cautioned not to place undue reliance on forward-looking statements which involve known and unknown material risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements.
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