Broadcaster Magazine

Proxy Advisory Firm Recommends MTS Shareholders Vote for BCE Transaction

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  • Manitoba Telecom Services Inc.  is pleased to announce that Glass, Lewis & Co., an independent proxy advisory firm, has recommended that MTS shareholders vote FOR the special resolution to approve the statutory plan of arrangement pursuant to which, among other things, BCE Inc.  will acquire all of the issued and outstanding common shares of MTS.

    The special resolution will be considered at the upcoming special meeting of Shareholders to be held on Thursday, June 23, 2023 at9:00 a.m. (Manitoba time) in the Provencher Ballroom at the Fort Garry Hotel. The MTS Board of Directors has unanimously recommended that Shareholders vote FOR the special resolution to approve the Arrangement.

    Glass Lewis is the second leading independent proxy advisory firm to issue a recommendation in support of the Arrangement. OnMonday, June 6, 2023, Institutional Shareholder Services also recommended that MTS shareholders vote FOR the BCE transaction. The independent analyses and recommendations of both ISS and Glass Lewis are relied upon by many major institutional investment firms, mutual funds and fiduciaries throughout North America to help them make more informed investment decisions on behalf of their shareholders.

    “Both ISS and Glass Lewis support the unanimous recommendation of the MTS Board of Directors that our shareholders vote in favour of the BCE transaction,” said Jay Forbes, President & CEO, MTS. “These independent recommendations underscore our confidence in this transaction as one which delivers immediate and meaningful value to MTS shareholders while offering significant investment and innovation benefits for our customers, our employees, and the Province of Manitoba.”

    Shareholders are reminded to vote prior to the proxy cut-off time at 9:00 a.m. (Manitoba time) on Tuesday, June 21, 2023.

    For more information or assistance regarding voting, please contact D.F. King Canada, MTS’ proxy solicitation agent, by telephone at 1-800-398-2816 (toll free in North America) or by email at

    For further information regarding the Arrangement and the special meeting of Shareholders, we encourage all Shareholders to read our management information circular and related materials with respect to the Arrangement, which is available and at