Ritchie Bros. Auctioneers reports on voting results from the 2018 annual and special meeting of shareholders

Ritchie Bros. Auctioneers reports on voting results from the 2018 annual and special meeting of shareholders

VANCOUVER, May 10, 2018 /PRNewswire/ - The Annual and Special Meeting of Shareholders (the "Meeting") of Ritchie Bros. Auctioneers Incorporated (the "Company", NYSE and TSX: RBA) was held on May 8, 2018 in Burnaby, British Columbia. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Proxy Statement dated March 27, 2018, which can be found on the Company's website at: https://s2.q4cdn.com/965716280/files/doc_financials/2018/2018-Proxy-Statement.pdf

Per TSX reporting requirements, the company wishes to disclose that the total number of shares represented by shareholders in person and by proxy at the Meeting was 95,315,304 shares, representing approximately 88.69% of the Company's outstanding shares. The voting in relation to the election of directors was conducted by way of ballot at the Meeting and the results were as follows:

    Name of Director      Votes For            Votes Withheld
    ----------------      ---------            --------------

    Beverley Briscoe                90,466,618              1,385,935

    Robert G. Elton                 89,528,734              2,323,819

    J. Kim Fennell                  91,567,233                285,320

    Erik Olsson                     81,202,184             10,650,369

    Edward B. Pitoniak              91,021,037                831,516

    Sarah Raiss                     89,446,300              2,406,253

    Ravi K. Saligram                91,483,789                368,764

    Amy G. Shenkan                  91,516,093                336,460

    Christopher Zimmerman           91,487,066                365,487

On May 10, 2018, the Company filed a report of voting results on all resolutions voted on at the Meeting on www.sedar.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the Company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live on site auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification program; Marketplace(e), an online auction marketplace; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The Company also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy Auctioneers, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.

Darren Watt. Corporate Secretary. Phone: 778 331 5500. Email: ir@rbauction.com

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SOURCE Ritchie Bros. Auctioneers