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VersaBank Announces the Results of Its 2021 Meeting of Shareholders
[April 22, 2021]

VersaBank Announces the Results of Its 2021 Meeting of Shareholders


LONDON, ON, April 22, 2021 /CNW/ - VersaBank (TSX: VB) ("VersaBank" or the "Bank") reports the results of its 2021 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 21, 2021.

Each of the director nominees listed in VersaBank's Management Information Circular dated March 4, 2021 were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:





Director


Number of Votes
Cast

Percentage of Votes
Cast

Robbert-Jan Brabander

In Favour:
Withheld:

15,093,761

9,366

99.94 %

0.06 %

Gabrielle Bochynek

In Favour:

15,071,612

99.79 %


Withheld:

31,515

0.21 %

David A. Bratton

In Favour:
Withheld:

15,042,437

60,690

99.60 %

0.40 %

R.W. (Dick) Carter

In Favour:
Withheld:

15,093,761

9,366

99.94 %

0.06 %

The Honourable Thomas A. Hockin

In Favour:
Withheld:

15,092,981

10,146

99.93 %

0.07 %

Peter Irwin

In Favour:

15,093,761

99.94 %


Withheld:

9,366

0.06 %

Art Linton

In Favour:
Withheld:

15,093,736

9,391

99.94 %

0.06 %

Susan T. McGovern

In Favour:
Withheld:

15,071,795

31,332

99.79 %

0.21 %

Paul G. Oliver

In Favour:
Withheld:

15,093,741

9,386

99.94 %

0.06 %

David R. Taylor

In Favour:
Withheld:

15,093,660

9,467

99.94 %

0.06 %


At the meeting, the Shareholders also approved the re-appointment of KPMG LLP as auditors of the Bank and approved the Long Term Incentive Plan.

VersaBank's Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT VERSABANK

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

VersaBank's Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B respectively.

Visit our website at: www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and Twitter.

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SOURCE VersaBank


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