Jun 4, 2020   SOURCE: PR NewsWire

Ballard Announces Results of Annual General Meeting

VANCOUVER, BC, June 4, 2020 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2020 Annual General Meeting, which was held yesterday as the Company's first ever virtual AGM event.

All nominees listed in the Management Proxy Circular dated April 6(th), 2020 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the Board of Directors section of the Company's website.

                   Director
                    Nominee 
      Votes For 
     % For  Votes Withheld   % Withheld

    ---

        Douglas P.
         Hayhurst             95,051,333    99.70          285,666          0.30


        Kui (Kevin)
         Jiang                89,662,129    94.05        5,674,870          5.95

        Duy-Loan Le           95,022,139    99.67          314,860          0.33


        R. Randall
         (Randy)
         MacEwen              95,113,927    99.77          223,072          0.23


        Marty Neese           95,031,277    99.68          305,722          0.32


        James Roche           95,093,619    99.74          243,380          0.26

        Shaojun
         (Sherman)
         Sun                  91,321,150    95.79        4,015,849          4.21


        Ian
         Sutcliffe            95,029,633    99.68          307,366          0.32


        Janet
         Woodruff             92,725,775    97.26        2,611,224          2.74

In addition, KPMG LLP, Chartered Accountants, was appointed as auditor for the Company and an advisory vote approved the Company's approach to executive compensation, as disclosed in the Company's Management Proxy Circular.

                     Item       
     
           For   % For  Against   % Against    Withheld     % Withheld

    ---

        Appointment of Auditors     114,981,327  98.67         0            0    1,554,820            1.33


        Executive Compensation       92,081,750  96.59 3,255,249         3.41            0               0

Final voting results on all matters voted on at the Annual General Meeting held on June 3(rd), 2020 will be filed on SEDAR (www.sedar.com).

About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars, forklift trucks and UAVs. To learn more about Ballard, please visit www.ballard.com.

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SOURCE Ballard Power Systems Inc.