CALGARY, May 14, 2020 /PRNewswire/ - Crescent Point Energy
Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) held
its Annual and Special Meeting of Shareholders ("AGM" or "the
meeting") on May 14, 2020.
During the regular business proceedings at the meeting,
shareholders elected all director nominees to the Board of
Directors of the Company (the "Board") and approved all other items
of business brought before the meeting. Voting results for all
resolutions and advisory votes are below.
1.
Fixing the Number of Directors
The appointment of nine Board members for the ensuing year was
approved. Votes were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
204,663,005
|
99.23%
|
1,581,553
|
0.77%
|
2.
Election of Directors
The nine director nominees were elected. Votes were received as
follows:
Nominee
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
Barbara
Munroe
|
203,108,007
|
98.48%
|
3,136,550
|
1.52%
|
Craig
Bryksa
|
203,206,502
|
98.53%
|
3,038,055
|
1.47%
|
Laura A.
Cillis
|
202,168,091
|
98.02%
|
4,076,466
|
1.98%
|
James E.
Craddock
|
203,482,386
|
98.66%
|
2,762,171
|
1.34%
|
John
Dielwart
|
190,648,928
|
92.44%
|
15,595,629
|
7.56%
|
Ted
Goldthorpe
|
161,887,614
|
78.49%
|
44,356,943
|
21.51%
|
Mike
Jackson
|
201,616,853
|
97.76%
|
4,627,704
|
2.24%
|
Jennifer F.
Koury
|
202,386,561
|
98.13%
|
3,857,996
|
1.87%
|
François
Langlois
|
203,105,858
|
98.48%
|
3,138,699
|
1.52%
|
3.
Appointment of Auditors
The appointment of PricewaterhouseCoopers LLP as Crescent
Point's auditor was approved. Votes were received as follows:
Votes
For
|
Percent
|
Withheld
|
Percent
|
220,646,233
|
98.53%
|
3,295,721
|
1.47%
|
4.
Reduction in Stated Capital Account
The resolution approving a reduction in the stated capital
account maintained in respect of the common shares of the Company
by $5 billion was approved. Votes
were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
201,695,718
|
97.79%
|
4,548,838
|
2.21%
|
5.
Increasing the Restricted Share Bonus Plan Common Share
Reserve
The resolution to increase the maximum number of common shares
available for issuance under the Restricted Share Bonus Plan while
decreasing the reserve of common shares available under the Stock
Option Plan was approved. Votes were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
175,255,637
|
84.97%
|
30,988,920
|
15.03%
|
6.
By-law Amendment
The resolution to amend the Company's by-laws to permit virtual
meetings was approved. Votes were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
204,244,911
|
99.03%
|
1,999,648
|
0.97%
|
7.
Advisory Vote on Executive Compensation
The advisory vote to accept the Company's approach to executive
compensation was approved. Votes were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
164,008,751
|
79.52%
|
42,235,807
|
20.48%
|
The biographies of Crescent Point's Board members, details about
its governance practices and a recorded webcast from the meeting
earlier today are available on www.crescentpointenergy.com. The
full terms of each resolution voted on at the meeting can be found
in the Company's latest information circular, which is also
available on Crescent Point's website.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Brad Borggard, Senior
Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice
President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG
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SOURCE Crescent Point Energy Corp.