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CIBT Announces Director Election Results and Approval of Alteration of Articles


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2014-01-25 01:35:39 -

January 24, 2014 CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) ("CIBT Group") reports the voting results of the election of directors at its annual general meeting held today pertaining to the fiscal year ended August 31, 2013, as required by Toronto Stock Exchange. All of the director nominees, as listed in the management information circular dated November 29, 2013, were elected. Voting as to each of the director nominees was as follows:

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Votes in Favour Votes Withheld
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Toby Chu 88.88% 11.12%
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Tony David 100% 0%
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Derek Feng 100% 0%
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David Hsu 100% 0%
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Troy Rice 100% 0%
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Shane Weir 88.9% 11.10%
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*-

The results

of the other matters voted upon by shareholders are reported in the Report of Voting Results filed today on SEDAR.

CIBT Group also reports that shareholders approved the alteration of its articles to include advance notice provisions relating to the nomination of individuals for election of directors. These provisions are designed to (i) facilitate orderly and efficient shareholder meetings at which directors are to be elected; (ii) ensure that all shareholders, including those participating in a shareholders' meeting by proxy rather than in person, receive adequate notice of all director nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote.

About CIBT Education Group:

CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S on the OTCQX International, CIBT Group owns and operates a network of business, technical and language colleges in North America and Asia. CIBT Group offers cooperative joint programmes in 12 countries with campuses, recruitment offices and training centers enrolling over 5,000 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and A-Plus Education Centers in China. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, programmes in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programmes for overseas study, and other career/vocational training. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Career Center ("GCC Global Education Alliance ("GEA") and Global Education City Holdings Inc ("GEC GCC is a job placement call center located in the Philippines dedicated to providing employment services to CIBT Group graduates for free throughout their careers. GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net.

ON BEHALF OF THE BOARD OF DIRECTORS

"Toby Chu"
Toby Chu
Vice-Chairman, President & CEO

Investor Relations Contact:

N. America Toll Free: 1-888-865-0901
Email: info@cibt.net

To view the press release as a PDF file, please click on the following link:
www.usetdas.com/pr/cibt01242014.pdf


Author:
Fred Gautreau
e-mail
Web: www.fscwire.com
Phone: 14037173898

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