Exhibit 2
CAMECO CORPORATION
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Corporate Office
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2121 – 11th Street West
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Saskatoon, Saskatchewan
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Canada S7M 1J3 | ||
Tel 306.956.6200
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Fax 306.956.6201
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www.cameco.com |
April 30, 2020
Canadian Securities Administrators
Cameco Corporation
Annual Meeting April 30, 2020
Report of Voting Results
Under National Instrument51-102
In accordance with Section 11.3 of National Instrument51-102 –Continuous Disclosure Obligations, we advise of the results of the voting on the matters submitted to the annual meeting (the Meeting) of the shareholders (the Shareholders) of Cameco Corporation (the Corporation) held on April 30, 2020. Each matter voted on is described in greater detail in the Corporation’s 2020 Management Proxy Circular issued in connection with this meeting, which is available at cameco.com.
The matters voted upon at the Meeting and the results of the voting were as follows:
Item 1: Election of Directors
On a vote by ballot, the following directors were elected to hold office for the ensuing year or until their successors are elected or appointed:
Ian Bruce | Jim Gowans | |
Daniel Camus | Kathryn Jackson | |
Donald Deranger | Don Kayne | |
Catherine Gignac | Anne McLellan | |
Tim Gitzel |
Canadian Securities Administrators
April 30, 2020
Page 2
The outcome of the ballot vote, based upon proxy votes by Shareholders received by the Corporation, the voting results for the election of directors, both before and after giving effect to the twenty-five (25%) percentnon-resident Shareholder voting restriction, would have been:
Vote Results Before Reduction ofNon-resident Vote:
Nominee | Votes For | % Votes For | Withheld | % Votes Withheld | ||||||||||||||||
Ian Bruce | 207,154,447 | 99.00 | % | 2,095,150 | 1.00 | % | ||||||||||||||
Daniel Camus | 206,622,221 | 98.74 | % | 2,627,376 | 1.26 | % | ||||||||||||||
Donald Deranger | 208,344,882 | 99.57 | % | 904,715 | 0.43 | % | ||||||||||||||
Catherine Gignac | 208,642,197 | 99.71 | % | 607,400 | 0.29 | % | ||||||||||||||
Tim Gitzel | 208,414,292 | 99.60 | % | 835,305 | 0.40 | % | ||||||||||||||
Jim Gowans | 201,354,963 | 96.23 | % | 7,894,634 | 3.77 | % | ||||||||||||||
Kathryn Jackson | 207,165,099 | 99.00 | % | 2,084,498 | 1.00 | % | ||||||||||||||
Don Kayne | 197,183,701 | 94.23 | % | 12,065,896 | 5.77 | % | ||||||||||||||
Anne McLellan | 205,748,142 | 98.33 | % | 3,501,455 | 1.67 | % |
Vote Results After Reduction ofNon-resident Vote to 25%:
Nominee | Votes For | % Votes For | Withheld | % Votes Withheld | ||||||||||||||||
Ian Bruce | 59,190,962 | 99.34 | % | 391,465 | 0.66 | % | ||||||||||||||
Daniel Camus | 58,678,163 | 98.48 | % | 904,264 | 1.52 | % | ||||||||||||||
Donald Deranger | 59,272,325 | 99.48 | % | 310,102 | 0.52 | % | ||||||||||||||
Catherine Gignac | 59,324,230 | 99.57 | % | 258,197 | 0.43 | % | ||||||||||||||
Tim Gitzel | 59,285,619 | 99.50 | % | 296,808 | 0.50 | % | ||||||||||||||
Jim Gowans | 56,890,226 | 95.48 | % | 2,692,201 | 4.52 | % | ||||||||||||||
Kathryn Jackson | 59,193,286 | 99.35 | % | 389,141 | 0.65 | % | ||||||||||||||
Don Kayne | 56,185,281 | 94.30 | % | 3,397,146 | 5.70 | % | ||||||||||||||
Anne McLellan | 58,452,018 | 98.10 | % | 1,130,409 | 1.90 | % |
Item 2: Appointment of Auditors
On a vote by ballot, KPMG LLP was appointed auditors of the Corporation to hold office until the next annual meeting of Shareholders, or until their successors are appointed.
The outcome of the ballot vote, based upon proxy votes by Shareholders received by the Corporation, the voting results for appointment of auditors, both before and after giving effect to the twenty-five (25%) percentnon-resident Shareholder voting restriction, would have been:
Canadian Securities Administrators
April 30, 2020
Page 3
Vote Results Before Reduction ofNon-resident Vote:
Votes For | % Votes For | Votes Withheld | % Votes Withheld | |||
242,977,943 | 99.36% | 1,567,157 | 0.64% |
Vote Results After Reduction ofNon-resident Vote to 25%:
Votes For | % Votes For | Votes Withheld | % Votes Withheld | |||
58,773,000 | 98.64% | 809,427 | 1.36% |
Item 3: Executive Compensation
On a vote by ballot, an advisory resolution was passed accepting the approach to executive compensation disclosed in Cameco’s Management Proxy Circular delivered in advance of this meeting.
The outcome of the ballot vote, both before and after giving effect to the twenty-five (25%) percentnon-resident Shareholder voting restriction, was as follows:
Vote Results Before Reduction ofNon-resident Vote:
Votes For | % Votes For | Votes Against | % Votes Against | |||
193,553,475 | 92.50% | 15,698,814 | 7.50% |
Vote Results After Reduction ofNon-resident Vote to 25%:
Votes For | % Votes For | Votes Against | % Votes Against | |||
55,706,938 | 93.49% | 3,878,181 | 6.51% |
Cameco Corporation | ||
By: | “Sean A. Quinn” | |
Sean A. Quinn | ||
Senior Vice-President, Chief Legal Officer and Corporate Secretary |