Recipe Unlimited Corporation Announces Election of Directors

/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/

VAUGHAN, ON, May 19, 2020 /CNW/ - Recipe Unlimited Corporation (TSX: RECP) ("Recipe") is pleased to announce the results of the vote on directors at its May 8, 2020 Annual Shareholder's Meeting.

Each of the nominee directors listed in the Company's management proxy circular dated April 3, 2020 was elected as a director. The Company received proxies with regard to voting on the eight directors nominated for election, directing as set forth in the table below:

Name of Nominee

Vote For
(Aggregate)

%

Withhold
Vote

(Aggregate)

%

Vote For
(Subordinate
Voting
Shares
)

%

Withhold
Vote
(Subordinate
Voting
Shares
)

%

Christy Clark

868,671,954

99.97

253,869

0.03

17,300,564

98.55

253,869

1.45

David Aisenstat

868,013,557

99.90

912,266

0.10

16,642,167

94.80

912,266

5.20

Paul Rivett

868,903,064

100

22,759

0

17,531,674

99.87

22,759

0.13

Stephen K. Gunn

868,903,906

100

21,917

0

17,532,516

99.88

21,917

0.12

Christopher D. Hodgson

863,399,735

99.36

5,526,088

0.64

12,028,345

68.52

5,526,088

31.48

Michael J. Norris

868,904,897

100

20,926

0

17,533,507

99.88

20,926

0.12

John A. Rothschild

863,496,789

99.38

5,429,034

0.62

12,125,399

69.07

5,429,034

30.93

Sean Regan

868,657,091

99.97

268,732

0.03

17,285,701

98.47

268,732

1.53

About Recipe
Founded in 1883, RECIPE Unlimited Corporation is Canada's oldest and largest full-service restaurant company. The Company franchises and/or operates some of the most recognized brands in the country including Swiss Chalet, Harvey's, St-Hubert, The Keg, Milestones, Montana's, Kelsey's, East Side Mario's, New York Fries, Prime Pubs, Bier Markt, Landing, Original Joe's, State & Main, Elephant & Castle, The Burger's Priest, The Pickle Barrel, Marigolds & Onions, and 1909 Taverne Moderne.

RECIPE's iconic brands have established the organization as a nationally recognized franchisor of choice. As at March 29, 2020, Recipe had 24 brands and 1,363 restaurants, 85% of which are operated by franchisees and joint venture partners, operating in 11 countries (Canada, USA, Bahrain, China, India, Macao, Oman, Panama, Qatar, Saudi Arabia and the UAE. RECIPE's shares trade on the Toronto Stock Exchange under the ticker symbol RECP. More information about the Company is available at www.recipeunlimited.com.

SOURCE Recipe Unlimited Corp.

For further information: Investor Relations: Recipe Unlimited Corp., Ken Grondin, (905) 760-2244, Chief Financial Officer, Email: kgrondin@recipeunlimited.com or investorrelations@recipeunlimited.com