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Unitil Shareholders Elect Directors at Annual Meeting

HAMPTON, N.H., April 26, 2017 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (www.unitil.com) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders re-elected Robert V. Antonucci, David P. Brownell, Albert H. Elfner, III, Michael B. Green, and M. Brian O’Shaughnessy to the Board of Directors for three-year terms.  Additionally, shareholders ratified the selection of Deloitte & Touche, LLP as independent registered public accountants for 2017.

The required shareholder advisory vote concerning executive compensation, also known as “say on pay,” was approved as recommended by the Board of Directors and management, and the required shareholder advisory vote concerning the frequency of future advisory votes on executive compensation, also known as “say on pay frequency,” was approved to occur at an annual frequency.

Following the business of the formal meeting, a video presentation was shown to shareholders in attendance featuring highlights of 2016, as well as the robust economic growth in the Company’s service areas. The video presentation is available in the Investor Relations section of the Company’s website at www.unitil.com/investors.

About Unitil Corporation

Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 104,300 electric customers and 79,900 natural gas customers. Other subsidiaries include Usource, Unitil’s non-regulated business segment. For more information about our people, technologies, and community involvement please visit www.unitil.com.

This press release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. All statements, other than statements of historical fact, are forward-looking statements. Certain factors that could cause the actual results to differ materially from those projected in these forward-looking statements include, but are not limited to the following: variations in weather; changes in the regulatory environment; customers' preferences on energy sources; general economic conditions; increased competition; fluctuations in supply, demand, transmission capacity and prices for energy commodities; and other uncertainties, all of which are difficult to predict, and many of which are beyond the control of Unitil Corporation.

For more information please contact:
David Chong – Investor Relations
Phone: 603-773-6499
Email:  chong@unitil.com

Alec O’Meara – Media Relations
Phone: 603-773-6404
Email:  omeara@unitil.com

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