Stock Symbol: MBT
The Board of Directors of Manitoba Telecom Services Inc. (the Company) has decided to voluntarily implement a “say on pay” policy. The policy will allow shareholders to voice their opinion on executive compensation starting in 2012.
“The Board has decided that ‘say on pay’ is an important component of good governance,” said David Leith, Chair of the Company’s Board of Directors. “Towards that end, and to continue with our historical pattern of being an early adopter of best practices, the Board has decided to voluntarily implement a ‘say on pay’ policy.”
The Company will be further developing this initiative in 2011, and will provide shareholders the opportunity to participate in an advisory vote during its 2012 Annual General Meeting of Shareholders.
About Manitoba Telecom Services Inc.
Manitoba Telecom Services Inc., through its wholly-owned subsidiary MTS Allstream Inc., is one of Canada’s leading national communication solutions companies, providing innovative communications for the way Canadians want to live and work today. The Company has more than 100 years of experience, with 5,500 employees across Canada dedicated to a mission of delivering true value as seen through the eyes of our customers. MTS Allstream has nearly two million total customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company’s extensive national broadband and fibre optic network spans almost 30,000 kilometres. Manitoba Telecom Services Inc.’s common shares are listed on Toronto Stock Exchange (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: http://www.mtsallstream.com/.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information (collectively, the “statements”) about our corporate direction, business opportunities, operations, financial objectives, planned activities, future financial results and performance that are subject to risks, uncertainties and assumptions. As a consequence, actual results in the future may differ materially from any conclusion, forecast, anticipation or projection in such forward-looking statements. Examples of statements that constitute forward-looking information may be identified by words such as “believe”, “expect”, “project”, “should”, “anticipate”, “could”, “target”, “forecast”, “intend”, “plan”, “outlook”, “see”, “set”, “pending”, and other similar terms.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the “Risks and Uncertainties” section and elsewhere in our most recent annual MD&A and any subsequent quarterly MD&As, as well as our most recent Annual Information Form, all of which are available on SEDAR at http://www.sedar.com/.
Please note that forward-looking statements reflect our expectations as at the date hereof. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
For further information: Media: Selena Hinds, Corporate Communications, (204) 941-8576, (416) 345-3576, [email protected]; Investors: Paul Peters, Investor Relations, (204) 941-6178, [email protected]