Stock Symbol: MBT
Manitoba Telecom Services Inc. (the “Company” or “MTS Allstream”) announced today that it was awarded the 2011 Governance Gavel Award by the Canadian Coalition for Good Governance for having “Best Disclosure of Governance Practices and Approach to Executive Compensation by Small or Mid-Sized Issuer”. The award recognizes the Company’s emphasis on clear and effective public disclosure and leading governance practices.
“On behalf of the entire Board of Directors, we are tremendously proud to receive this award. As a public company with a sophisticated shareholder base, we recognize the importance of adopting best practices,” said David Leith, Chair of the Board of Directors. “Last year, the Board and several of its Committees completed a comprehensive review process that resulted in a revised compensation program for our senior executives and a significantly enhanced proxy circular. Today, in accepting this award, we are being recognized for this work. We believe our shareholders will benefit from our strong ‘pay for performance’ compensation model, and look forward to our first ‘say on pay’ advisory vote at our next shareholders’ meeting.”
“I am proud to work with a Board of Directors that is dedicated to clear and effective communication with our shareholders,” said Pierre Blouin, Chief Executive Officer. “We are very pleased the Canadian Coalition for Good Governance awarded MTS Allstream this prestigious recognition.”
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 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 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 the 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 and 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 or projection in such forward-looking statements. Therefore, forward-looking statements should be considered carefully and undue reliance should not be placed on them. 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 interim MD&As for the first and second quarters of 2011, as well as our 2010 annual MD&A, and our 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. This news release and the financial information contained herein have been reviewed by our Audit Committee and approved by our Board of Directors.
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