CALGARY, May 12, 2014 /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 9, 2014 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 24, 2014 (the "Information Circular") and is
available on the Company's website under "Investor Centre" at
www.pembina.com.
A total of 157,278,945 common shares representing 49 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 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
|
|
|
|
99.20%
|
|
Thomas W. Buchanan
|
|
|
|
96.71%
|
|
Michael H. Dilger
|
|
|
|
99.35%
|
|
Randall J. Findlay
|
|
|
|
96.21%
|
|
Lorne B. Gordon
|
|
|
|
92.81%
|
|
David M.B. LeGresley
|
|
|
|
99.54%
|
|
Robert B. Michaleski
|
|
|
|
99.53%
|
|
Leslie A. O'Donoghue
|
|
|
|
99.31%
|
|
Jeffrey T. Smith
|
|
|
|
99.32%
|
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. 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 96.11 percent
of votes cast in favour.
4. Approve Amendments to the Company's Stock Option Plan
An ordinary resolution authorizing amendments to Pembina's incentive
stock option plan, which was first approved at the Company's 2011
annual meeting, as set out in the Information Circular, was approved
with 86.63 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 60 years. Pembina owns and operates pipelines that
transport various hydrocarbon liquids including conventional and
synthetic crude oil, heavy oil and oil sands products, condensate
(diluent) and natural gas liquids produced in western Canada. The
Company also owns and operates 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
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
