1. All director nominees for MDI were elected with over 83% voting participation. 2. Board's executive compensation received 98% approval from shareholders. 3. Deloitte LLP appointed as independent auditors with 95% approval. 4. MDI is recognized as a leader in specialized drilling services. 5. Strong management team supports operations across multiple regions.
The overwhelming approval of directors and compensation suggests shareholder confidence, which typically results in positive market sentiment. Historical patterns show that similar governance stability often precedes stock price increases.
The article highlights firm leadership and transparency; confidence in governance often translates into stability and growth predictions, potentially affecting investor sentiment and stock prices positively.
Immediate impact expected from established management and shareholder confidence, translating to short-term stock interest. Previous instances where shareholder voting confidence led to short-term jumps in stock prices validate this.
MONCTON, New Brunswick, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. ("Major Drilling" or the "Company") (TSX:MDI), the largest provider of specialized drilling services to the mining sector, is pleased to announce that all director nominees listed in the Management Information Circular dated July 17, 2025 (the "Circular") were elected as directors of Major Drilling in the course of the hybrid annual general meeting of shareholders of the Corporation (the "Meeting") held September 9, 2025. Shareholder participation was high, with the total percentage of shares voted reaching over 83% (representing 68,665,121 common shares of the Corporation).
Each of the eight director nominees listed in the Circular was elected by the holders of common shares of the Corporation. The Corporation received the following proxy votes from the holders of common shares with respect to the election of the nine director nominees:
| Director Nominee | % For | % Against |
| Caroline Donally | 99.90% | 0.10% |
| Louis-Pierre Gignac | 99.70% | 0.30% |
| Kim Keating | 99.96% | 0.04% |
| Juliana Lam | 99.96% | 0.04% |
| Denis Larocque | 99.54% | 0.46% |
| Janice Rennie | 99.07% | 0.93% |
| Sybil Veenman | 99.63% | 0.37% |
| Jo Mark Zurel | 96.71% | 3.29% |
The Board's approach to executive compensation received 98% approval, and the appointment of Deloitte LLP as independent auditors of the Corporation received 95% approval. The formal report on voting results with respect to all matters voted upon during the Meeting will be available on SEDAR+ under Major Drilling's profile at www.sedarplus.ca.
About Major Drilling
Major Drilling Group International Inc. is the world's leading provider of specialized drilling services in the metals and mining industry. The diverse needs of the Company's global clientele are met through field operations and registered offices that span across North America, South America, Australia, Asia, Africa, and Europe. Established in 1980, the Company has grown to become a global brand in the mining space, known for tackling many of the world's most challenging drilling projects. Supported by a highly skilled workforce, Major Drilling is led by an experienced senior management team who have steered the Company through various economic and mining cycles, supported by regional managers known for delivering decades of superior project management.
Major Drilling is regarded as an industry expert at delivering a wide range of drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole, and surface drill and blast, along with the ongoing development and evolution of its suite of data and technology-driven innovation services.
For further information:
Ryan Hanley
Director, Corporate Development & Investor Relations
Tel: (506) 857-8636
Fax: (506) 857-9211
ir@majordrilling.com
