CALGARY, May 11, 2015 /CNW/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA)
reported the voting results from its annual meeting of shareholders
held May 8, 2015 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 19, 2015 (the "Information Circular") and
is available on the Company's website under "Investor Centre –
Shareholder Information" at www.pembina.com.
A total of 151,093,170 common shares representing 44 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 Meeting are provided below:
1. Election of
Directors
The following ten 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
|
Anne-Marie
Ainsworth
|
99.64
|
Grant D.
Billing
|
96.07
|
Michael H.
Dilger
|
99.32
|
Randall J.
Findlay
|
97.55
|
Lorne B.
Gordon
|
95.77
|
Gordon J.
Kerr
|
96.48
|
David M.B.
LeGresley
|
99.11
|
Robert B.
Michaleski
|
99.39
|
Leslie A.
O'Donoghue
|
95.32
|
Jeffrey T.
Smith
|
99.37
|
2. Appointment of
Auditors
KPMG LLP, Chartered Accountants, were appointed 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.
3. Approve an increase to
the shares reserved for issuance under our stock option
plan
An ordinary resolution authorizing the reservation of an
additional 7,000,000 common shares of Pembina for issuance under
the stock option plan of Pembina
including the amendment of such plan as required to reflect such
increase, as set out in the Information Circular, was approved with
an approximate 85 percent of votes cast in favour.
4. Approve new rule for
issuing stock options and related amendment to the Company's stock
option plan
An ordinary resolution approving a new rule to be enacted under
the Company's stock option plan, and authorizing a related
amendment to Pembina's incentive
stock option plan, as set out in the Information Circular, was
approved with an approximate 85 percent of votes cast in
favour.
5. 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 the Information Circular was approved
with excess of 90 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.
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 over 60 years. Pembina owns and operates an integrated system
of pipelines that transport various hydrocarbon liquids including
conventional and synthetic crude oil, heavy oil and oil sands
products, condensate (diluent) and NGL produced in western
Canada and ethane produced in
North Dakota. The Company also
owns and operates gas gathering and processing facilities and an
oil and NGL infrastructure and logistics business. With facilities
strategically located in western Canada and in NGL markets in eastern
Canada and the U.S., Pembina also offers a full spectrum of
midstream and marketing services that spans 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.
Pembina is a trusted member of
the communities in which it operates and is committed to generating
value for its investors by running its businesses in a safe,
environmentally responsible manner that is respectful of community
stakeholders.
SOURCE Pembina Pipeline Corporation