NuVista Energy Ltd.: Report on Voting from the 2017 Shareholders Meeting
May 11, 2017 at 05:21 am
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CALGARY, ALBERTA--(Marketwired - May 11, 2017) - NuVista Energy Ltd. (TSX:NVA) ("NuVista") announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 10, 2017 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 23, 2017 (the "Circular").
1. Fixing the Number of Directors
By resolution passed via ballot, the number of directors to be elected at the meeting was fixed at nine members. The results of the ballot were as follows:
Votes For
Percent
Votes Against
Percent
141,841,878
99.80%
282,202
0.20%
2. Election of Directors
By resolution passed via ballot, the following nine nominees were appointed as directors of NuVista to serve until the next annual meeting of shareholders of NuVista, or until their successors are elected or appointed. The results of the ballot were as follows:
Name of Nominee
Votes For
Percent
Votes Withheld
Percent
Keith A. MacPhail
138,858,404
98.51%
2,105,116
1.49%
Ronald J. Eckhardt
140,792,417
99.88%
171,103
0.12%
Pentti O. Karkkainen
139,583,106
99.02%
1,380,414
0.98%
Ronald J. Poelzer
139,603,886
99.04%
1,359,634
0.96%
Brian G. Shaw
140,768,088
99.86%
195,432
0.14%
Sheldon B. Steeves
140,771,888
99.86%
191,632
0.14%
Deborah S. Stein
140,925,606
99.97%
37,914
0.03%
Jonathan A. Wright
140,040,980
99.35%
922,540
0.65%
Grant A. Zawalsky
121,392,153
86.12%
19,571,367
13.88%
3. Appointment of Auditors
By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of NuVista to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
Votes For
Percent
Votes Withheld
Percent
141,683,934
99.69%
440,146
0.31%
4. Non-Binding Advisory Resolution on Executive Compensation
By advisory resolution passed via ballot, NuVista's approach to executive compensation was approved. The results of the ballot were as follows:
Votes For
Percent
Votes Against
Percent
138,035,855
97.92%
2,927,665
2.08%
5. Ratifying and Confirming the Amendments to the Amended and Restated By-Laws
By ordinary resolution passed via ballot, confirmation of the adoption of NuVista's amended and restated by-laws was approved. The results of the ballot were as follows:
Votes For
Percent
Votes Against
Percent
136,909,268
97.12%
4,054,252
2.88%
INVESTOR INFORMATION
NuVista is an independent Canadian oil and natural gas exploration, development and production corporation with its Common Shares trading on the Toronto Stock Exchange under the symbol "NVA".
NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.