CALGARY, May 13, 2013 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the
voting results from its Annual and Special Meeting of shareholders
held May 10, 2013 in Calgary, Alberta (the "Meeting"). Each of the
matters voted upon at the Meeting is discussed in detail in the
Company's Management Information Circular dated March 28, 2013 and is available on the Company's
website under "Investor Centre" at www.pembina.com.
A total of 163,446,443 common shares representing 53.24 percent
of the Company's issued and outstanding shares were voted in person
and by proxy in connection with the meeting. The voting results for
each matter presented at the annual meeting are provided below:
1. Election of Directors
The following nine nominees were appointed as directors of
Pembina to serve until the next annual meeting of shareholders of
the Company, or until their successors are elected or
appointed:
Nominee |
Percentage of Votes in
Favour |
Grant D. Billing |
98.92 |
Thomas W. Buchanan |
82.94 |
Allan L. Edgeworth |
99.40 |
Randall J. Findlay |
98.40 |
Lorne B. Gordon |
97.07 |
David M.B. LeGresley |
99.34 |
Robert B. Michaleski |
99.23 |
Leslie A. O'Donoghue |
98.96 |
Jeffrey T. Smith |
98.96 |
2. Appointment of Auditors
The appointment of KPMG LLP, Chartered Accountants, to serve as
the auditors of the Company until the close of the next annual
meeting, at remuneration to be fixed by the directors on the
recommendation of the Audit Committee, was approved by show of
hands.
3. Acceptance of Company's Approach to Executive
Compensation
On an advisory basis and not to diminish the role and
responsibility of the board of directors, the approach to executive
compensation disclosed in Pembina's Management Information Circular
was approved with 96.45 percent of votes cast in favour.
4. Authorize an Amendment to Pembina's Articles to Create New
Class of Preferred Shares
A special resolution authorizing an amendment to Pembina's articles
to create a new class of preferred shares designated as "Class A
Preferred Shares" was approved with 93.98 percent of votes cast in
favour.
5. Authorize an Amendment to Pembina's Articles with Respect to
Internal Preferred Shares
A special resolution authorizing an amendment to Pembina's articles
to change the designation and terms of its existing internal
preferred shares was approved with 94.22 percent of votes cast in
favour.
6. Authorize an Amendment to Pembina's Articles to Increase
Maximum Number of Directors
An amendment to the Company's articles to increase the maximum
number of directors of Pembina from 11 to 13 was approved with
96.99 percent of votes cast in favour.
7. Continuation and Approval of Shareholder Rights Plan
The continuing, and amending and restating of Pembina's
shareholder rights plan agreement was approved with 95.95 percent
of votes cast in favour.
Additional details in respect the Meeting's voting results can
be found on Pembina's profile at www.sedar.com and www.sec.gov.
May Dividend
The Board of Directors of Pembina has declared a May 2013 cash dividend of $0.135 per share to be paid, subject to
applicable law, on June 14, 2013 to
shareholders of record on May 25,
2013. This dividend is designated an "eligible dividend" for
Canadian income tax purposes. For non-resident shareholders,
Pembina's dividends are considered "qualified dividends" and are
subject to Canadian withholding tax.
For shareholders receiving their dividends in U.S. funds, the
May 2013 cash dividend will be
approximately U.S.$0.134 per share
(before deduction of any applicable Canadian withholding tax) based
on a currency exchange rate of 0.9893. The actual U.S. dollar
dividend will depend on the Canadian/U.S. dollar exchange rate on
the payment date and will be subject to applicable withholding
taxes.
Confirmation of Record Date Policy
Pembina pays cash dividends in Canadian dollars on a monthly
basis to shareholders of record on the 25th calendar day of each
month (except for the December record date, which is December 31st), as and when determined by the
Board of Directors. Should the record date fall on a weekend or a
statutory holiday, the effective record date will be the previous
business day.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for nearly 60 years. Pembina owns
and operates: pipelines that transport conventional and synthetic
crude oil and natural gas liquids produced in western Canada; oil sands, heavy oil and diluent
pipelines; gas gathering and processing facilities; and, an oil and
natural gas liquids infrastructure and logistics business. With
facilities strategically located in western Canada and in natural gas liquids markets in
eastern Canada and the U.S.,
Pembina also offers a full spectrum of midstream and marketing
services that span across its operations. Pembina's integrated
assets and commercial operations enable it to offer services needed
by the energy sector along the hydrocarbon value chain.
SOURCE Pembina Pipeline Corporation