NuVista Energy Ltd.: Report on Voting From the 2016 Shareholders Meeting
NuVista Energy Ltd.: Report on Voting From the 2016 Shareholders Meeting
CALGARY, ALBERTA--(Marketwired - May 11, 2016) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 11, 2016 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 24, 2016 (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 |
|||
| 131,887,143 | 99.69 | % | 407,015 | 0.31 | % |
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 | 131,648,443 | 99.59 | % | 545,841 | 0.41 | % |
| W. Peter Comber | 131,804,802 | 99.71 | % | 389,482 | 0.29 | % |
| Ronald J. Eckhardt | 132,095,159 | 99.93 | % | 99,125 | 0.07 | % |
| Pentti O. Karkkainen | 131,804,730 | 99.71 | % | 389,554 | 0.29 | % |
| Ronald J. Poelzer | 131,330,126 | 99.35 | % | 864,158 | 0.65 | % |
| Brian G. Shaw | 132,076,159 | 99.91 | % | 118,125 | 0.09 | % |
| Sheldon B. Steeves | 131,531,118 | 99.50 | % | 663,166 | 0.50 | % |
| Jonathan A. Wright | 131,785,181 | 99.69 | % | 409,103 | 0.31 | % |
| Grant A. Zawalsky | 115,872,463 | 87.65 | % | 16,321,821 | 12.35 | % |
3. Appointment of Auditors
By resolution passed via ballot, KPMG LLP, Chartered 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) |
|||
| 131,933,563 | 99.73 | % | 360,596 | 0.27 | % |
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 |
|||
| 131,292,511 | 99.32 | % | 901,773 | 0.68 | % |
5. Approval of Amendments to Stock Option Plan
By ordinary resolution passed via ballot, certain amendments to NuVista's stock option plan were approved. The results of the ballot were as follows:
| Votes For | Percent | Votes Against | Percent |
|||
| 109,397,841 | 82.76 | % | 22,796,443 | 17.24 | % |
6. Approval of Directors' Deferred Share Unit Plan
By ordinary resolution passed via ballot, NuVista's Directors' Deferred Share Unit Plan was approved. The results of the ballot were as follows:
| Votes For | Percent | Votes Against | Percent |
|||
| 117,377,532 | 88.79 | % | 14,816,752 | 11.21 | % |
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".
Jonathan Wright
President and CEO
(403) 538-8501
Ross Andreachuk
VP, Finance and CFO
(403) 538-8539
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