Descartes Announces Results of Annual Shareholder Meeting

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WATERLOO, Ontario, June 01, 2017 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. DSGX DSG announced that the following matters, as set out in more detail in its Management Information Circular dated May 2, 2017, were considered and voted on by shareholders at the annual meeting of shareholders held on Thursday, June 1, 2017 in Cambridge, Ontario (the "Meeting").

General
The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 66,576,252 which represented 87.64% of the 75,969,296 common shares of the Corporation that were outstanding as of the Record Date for the Meeting, being, April 24, 2017.

Election of Directors
On a vote by ballot, each of the following 8 nominees proposed by management was elected as a director of Descartes:

Director Nominee Number of Votes
FOR
 Number of Votes
WITHHELD
 Percentage of
Total Votes FOR
David Beatson 65,274,048 368,223 99.44%
Deborah Close 65,477,022 165,249 99.75%
Eric Demirian 63,803,390 1,838,881 97.20%
Christopher Hewat 48,558,279 17,083,992 73.97%
Dennis Maple 65,622,963 19,308 99.97%
Jane O'Hagan  65,476,814 165,457 99.75%
Edward Ryan 65,586,084 56,187 99.91%
John Walker 65,622,963 19,308 99.97%

Appointment of Auditors

KPMG LLP, Chartered Professional Accountants and Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed.  Voting was conducted by a show of hands.

Number of Votes
FOR
 Number of Votes
WITHHELD
 Percentage of Total
Votes FOR

66,560,925 2,297 99.99%
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Amendment and Restatement of Shareholder Rights Plan

On a vote by ballot, the amended and restated shareholder rights plan of the Corporation was approved.

Number of Votes
FOR
 Number of Votes
AGAINST
 Percentage of
Total Votes FOR
61,681,519 3,960,752 93.97%

Amendment and Restatement of Performance and Restricted Share Unit Plan

On a vote by ballot, the amended and restated performance and restricted share unit plan of the Corporation was approved.

Number of Votes
FOR
 Number of Votes
AGAINST
 Percentage of
Total Votes FOR
61,648,473 3,993,798 93.92%

Say-On-Pay

On a vote by ballot, the "Say-On-Pay" resolution proposed by management of the Corporation was approved.

Number of Votes
FOR
 Number of Votes
AGAINST
 Percentage of
Total Votes FOR
61,807,423 3,834,848 94.16%

About Descartes
Descartes DSGX DSG is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com.

Descartes Investor Contact: 
Laurie McCauley (519) 746-6114 x202358
investor@descartes.com

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Posted In: Press ReleasesAnnual Meetings & Shareholder Rights
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