CALGARY, May 3, 2019 /CNW/ - Pason Systems Inc. (TSX:
PSI) announced the director election results from its 2019 annual
general meeting of shareholders held on May
2, 2019. The following five nominees were elected as
directors of Pason Systems Inc. to hold office until the next
annual meeting of shareholders of Pason Systems Inc. or until their
successors are elected or appointed:
Nominee
|
Votes For
|
Percent
|
Votes
Withheld
|
Percent
|
James D.
Hill
|
63,010,929
|
85.76
|
10,463,914
|
14.24
|
James B.
Howe
|
69,640,631
|
94.78
|
3,834,212
|
5.22
|
Marcel
Kessler
|
73,229,885
|
99.67
|
244,958
|
0.33
|
T. Jay
Collins
|
72,880,036
|
99.19
|
594,807
|
0.81
|
Judi Hess
|
72,459,204
|
98.62
|
1,015,639
|
1.38
|
Pason Systems Inc.
Pason Systems Inc. is a leading
global provider of specialized data management systems for drilling
rigs. Our solutions, which include data acquisition, wellsite
reporting, remote communications, and web-based information
management, enable collaboration between the rig and the office.
Pason's common shares trade on the Toronto Stock Exchange under the
symbol PSI.
Certain information regarding the Company contained herein
may constitute forward-looking information under applicable
securities law. The words "anticipate", "expect", "believe",
"may", "should", "will", "estimate", "project", "outlook",
"forecast" or other similar words are used to identify such
forward-looking information and statements. Forward-looking
statements in this document may include statements, express or
implied regarding the anticipated business prospects and financial
performance of Pason; expectations or projections about future
strategies and goals for growth and expansion; expected and future
cash flows and revenues; and expected impact of future
commitments. These forward-looking statements are based upon
various underlying factors and assumptions, including the state of
the economy and the oil and gas exploration and production
business, in particular; the Company's business prospects and
opportunities; and estimates of the financial and operational
performance of Pason.
Forward-looking information and statements are subject to
known or unknown risks and uncertainties that may cause actual
results to differ materially from those anticipated or implied in
the forward-looking information and statements. Risk factors
that could cause actual results or events to differ materially from
current expectations include, among others, the ability of Pason to
successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the
operating performance of Pason's assets and businesses, the price
of energy commodities, competitive factors in the energy industry,
changes in laws and regulations affecting Pason's businesses,
technological developments, and general economic
conditions.
Readers are cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such forward looking statements, although considered
reasonable by management as of the date hereof, may prove to be
incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this
press release are expressly qualified by this cautionary
statement.
Additional information on risks and uncertainties and other
factors that could affect Pason's operations or financial results
are included in Pason's reports on file with the Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com) or through Pason's
website (www.pason.com). Furthermore, any
forward looking statements contained in this news release are made
as of the date of this news release, and Pason does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
securities law.
SOURCE Pason Systems Inc.