5N Plus Holds Its Annual Meeting of Shareholders and Appoints a New Board Member

May 2, 2018 | Montréal, Québec

5N Plus Inc. (TSX:VNP) (“5N Plus or the “Company”), a leading producer of engineered materials, held its Annual and Special Meeting of Shareholders today in Montreal, Quebec. Over 64,844,600 shares (77.26% of outstanding common shares) were represented in person or by proxy at the meeting. 

Each of the seven nominees listed in the Management Information Circular was elected as a director of 5N Plus. All of the nominee directors were already members of the Board of Directors with the exception of Mr. Donald F. Osborne who was a new nominee. Subsequent to the meeting, the directors re-appointed Mr. Luc Bertrand as Chairman of the Board of Directors of the Company.

The complete voting results from the meeting are as follows:


Votes For

% For

Votes Withheld

% Wiothheld

Arjang J. (AJ) Roshan





Jean-Marie Bourassa





Jennie S. Hwang





James T. Fahey





Nathalie Le Prohon





Luc Bertrand





Donald F. Osborne





Mr. Donald F. Osborne has over 30 years of experience in Satellite Communications, Space and Defence, most recently having served as President of the MDA Information Systems Group where he was responsible for MDA’s Canadian businesses. Mr. Osborne joined MDA in 2009 as President, Satellite Systems. Prior to joining MDA, he held the position of President, Advantech Networks, a provider of Satellite and Wireless Solutions for the telecommunications and broadband markets. Mr. Osborne began his career with Spar Aerospace in 1983 as a Design Engineer. After joining the management team in 1989, he held positions of increasing responsibility in Manufacturing, Engineering, Program Management, Sales & Marketing and Business Unit Management. Mr. Osborne holds a Bachelor of Mechanical Engineering and a Master of Business Administration, both from McGill University, Montreal, Canada. Until recently, he also served on the Board of Directors of the Aerospace Industries Association of Canada.

Arjang Roshan, President and Chief Executive Officer, commented “Don brings a wealth of relevant industry experience especially related to growth markets of 5N Plus. I am looking forward to working closely with him as I believe his wise counsel will benefit our Company and its shareholders.”

Luc Bertrand, Chairman of the Board of Directors, commented “On behalf of the Board and management, I am pleased to welcome Don to 5N Plus. His pertinent expertise and experience will be an important addition to the Company’s governance and guidance in the ongoing development of 5N Plus.”

About 5N Plus Inc.

5N Plus is a leading producer of engineered materials. Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as pharmaceutical, healthcare, renewable energy, aerospace, security and sensing, imaging, technical and industrial materials, extractive and catalytic materials along with animal feed additives.

Forward-Looking Statements 

This press release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this press release are forward-looking information.  Such statements and information may be identified by words such as “about”, “approximately”, “may”, “believes”, “expects”, “will”, “intends”, “should”, “plans”, “predicts”, “potential”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof or other comparable terminology.  Forward-looking statements are based on the best estimates available to 5N Plus at this time and involve known and unknown risks, uncertainties and other factors that may cause 5N Plus’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  A description of the risks affecting 5N Plus’ business and activities appears under the heading “Risk and Uncertainties” of 5N Plus’ 2017 MD&A dated February 20, 2018 and note 12 of the unaudited condensed interim consolidated financial statements for the three-month periods ended March 31, 2018 and 2017 available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that 5N Plus will derive therefrom.  In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-looking information contained in this press release is made as of the date hereof and 5N Plus undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. The reader is warned against placing undue reliance on these forward-looking statements.


Jean Mayer
Vice President, Legal Affairs also in charge of investor relations
5N Plus Inc.
(514) 856-0644 x6178