ARC Resources Ltd. Announces Approval of Resolutions at Annual and Special Meeting
April 29 2016 - 4:50PM
PR Newswire (Canada)
CALGARY, April 29, 2016 /CNW/ - (ARX - TSX)
ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to
announce that its shareholders approved all resolutions at its
Annual and Special Meeting (the "Meeting") held today, April 29, 2016. The webcast of the Meeting is
available on ARC's website at www.arcresources.com.
During the business proceedings at the Meeting, ARC's
shareholders approved the following resolutions:
- Resolution to appoint ten board members, with 97.30% to 99.86%
of shares represented at the meeting voting in favour of individual
directors as follows:
|
|
|
Director
|
For
%
|
Withhold
%
|
Harold N.
Kvisle
|
99.45%
|
0.55%
|
John P.
Dielwart
|
99.40%
|
0.60%
|
Fred J.
Dyment
|
97.30%
|
2.70%
|
Timothy J.
Hearn
|
99.74%
|
0.26%
|
James C.
Houck
|
99.86%
|
0.14%
|
Kathleen M.
O'Neill
|
99.86%
|
0.14%
|
Herbert C. Pinder,
Jr.
|
99.80%
|
0.20%
|
William G.
Sembo
|
99.85%
|
0.15%
|
Nancy L.
Smith
|
99.84%
|
0.16%
|
Myron M.
Stadnyk
|
99.86%
|
0.14%
|
- Resolution to appoint Deloitte LLP as the Corporation's
auditors, with 99.65% of the shares represented at the meeting
voting in favour of the resolution.
- Resolution to accept the Corporation's approach to Executive
Compensation (Say on Pay) as disclosed in ARC's 2016 Information
Circular - Proxy Statement, with 98.27% of shares represented at
the meeting voting in favour of the advisory resolution.
- Resolution to approve a reduction to the stated capital of the
Corporation's common shares as described in ARC's 2016 Information
Circular - Proxy Statement, with 99.68% of shares represented at
the meeting voting in favour of the resolution.
ARC is one of Canada's largest
conventional oil and gas companies with an enterprise value of
approximately $8.1 billion.
ARC's common shares trade on the TSX under the symbol ARX.
ARC RESOURCES LTD.
Myron M. Stadnyk
President and Chief Executive Officer
SOURCE ARC Resources Ltd.
Copyright 2016 Canada NewsWire
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