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HAMILTON, Ontario, June 12, 2023--(BUSINESS WIRE)--Stelco Holdings Inc. ("Stelco" or the "Company"), (TSX: STLC) today announced the voting results from its annual general meeting ("Meeting") of shareholders ("Shareholders") held today.

The seven (7) candidates nominated for election to the Company’s board of directors, as listed in the Company’s Management Information Circular, dated May 10, 2023, were elected by a majority of the votes cast by Shareholders present or represented by proxy at the Meeting. Each director elected will continue to hold office until the next annual meeting of Shareholders or until the director resigns or a successor is elected or appointed. The voting results are as follows:

Nominee Votes For % Votes For Votes Against % Votes Against Monty Baker 22,410,268 68.77% 10,176,505 31.23% Michael Dees 21,365,424 65.56% 11,221,349 34.44% Alan Kestenbaum 30,221,948 92.74% 2,364,825 7.26% Michael Mueller 29,952,561 91.92% 2,634,212 8.08% Heather Ross 22,899,032 70.27% 9,687,741 29.73% Indira Samarasekera 25,352,416 77.80% 7,234,357 22.20% Daryl Wilson 30,791,851 94.49% 1,794,922 5.51%

A majority of Shareholders of the Company also voted in favour of a resolution to re-appoint KPMG LLP as the auditor of the Company, to hold office until the next annual meeting of Shareholders.

A final report on voting results has been filed with the Canadian securities regulatory authorities and is available under the Company’s SEDAR profile at www.sedar.com.

About Stelco

Stelco is a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America. Stelco produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled sheet products, as well as pig iron and metallurgical coke. With first-rate gauge, crown, and shape control, as well as uniform through-coil mechanical properties, our steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centres, which are distributors of steel products. At Stelco, we understand the importance of our business reflecting the communities we serve and are committed to diversity and inclusion as a core part of our workplace culture, in part, through active participation in the BlackNorth Initiative.

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Contacts

For investor enquiries: Paul D. Scherzer, Chief Financial Officer, (905) 577-4432, [email protected] 
For media enquiries: Trevor Harris, Vice-President, Corporate Affairs, (905) 577-4447, [email protected]