CALGARY, AB, Aug. 13, 2020 /CNW/ - Journey Energy Inc. (TSX: JOY) ("Journey", or the "Company") reports the voting results from its Annual General Meeting (the "Meeting") held on August 12, 2020 pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations.
1. Fixing the Number of Directors to be elected at the meeting
On a vote by proxy, the number of directors of the Company to be elected at the Meeting was fixed at five members. The number in respect of the vote is based on the proxies received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
23,494,438
|
99.10
|
213,000
|
0.90
|
2. Election of Directors
On a vote by ballot, each of the following five nominees proposed by management was elected to serve as a director of the Company until the next annual meeting of shareholders, or until their successors are duly elected or appointed, subject to the provisions of the Business Companys Act (Alberta) and the by-laws of the Company:
|
Nominees
|
Votes For
|
% For
|
Votes Withheld
|
% Withheld
|
|
Howard Crone
|
17,518,723
|
73.84
|
6,207,954
|
26.16
|
|
Dana Laustsen
|
23,503,031
|
99.06
|
223,646
|
0.94
|
|
Ryan Shay
|
22,943,031
|
96.70
|
783,646
|
3.30
|
|
Craig Hansen
|
22,951,131
|
96.73
|
775,546
|
3.27
|
|
Alex Verge
|
23,503,131
|
99.06
|
223,546
|
0.94
|
3. Appointment of Auditor
On a vote by proxy, KPMG LLP, Chartered Professional Accountants, was appointed as auditors of the Company until the next annual meeting of shareholders, and the directors of the Company were authorized to fix their remuneration as such. The numbers of the vote are based on the proxies received.
|
Votes For
|
% For
|
Votes Withheld
|
% Withheld
|
|
26,681,751
|
99.21
|
213,000
|
0.79
|
4. Approval of Unallocated Share Options
On a vote by ballot, all unallocated options to acquire common shares of the Company pursuant to the amended and restated share option plan dated June 4, 2014 was approved. The number in respect of the vote is based on the ballots received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
13,915,388
|
58.65
|
9,811,289
|
41.35
|
5. Approval of Unallocated Share Awards
On a vote by ballot, all unallocated awards to acquire common shares of the Company pursuant to the Company's restricted and performance award plan dated June 4, 2014 was approved. The number in respect of the vote is based on the ballots received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
14,125,788
|
59.54
|
9,600,889
|
40.46
|
6. Approval of Amendment to the Award Plan
On a vote by ballot, an amendment to the share Award Plan to permit the issuance of 0.9 Flow-Through Shares for each common share issuable to plan participants upon vesting of the Awards was approved. The number in respect of the vote is based on the ballots received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
19,695,826
|
83.01
|
4,030,851
|
16.99
|
No securities regulatory authority has either approved or disapproved of the contents of this press release.
SOURCE Journey Energy Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2020/13/c6234.html
Alex G. Verge, President and Chief Executive Officer, 403-303-3232, alex.verge@journeyenergy.ca; Gerry Gilewicz, Chief Financial Officer, 403-303-3238, gerry.gilewicz@journeyenergy.ca; Journey Energy Inc., 700, 517 - 10th Avenue SW, Calgary, AB T2R 0A8, 403-294-1635, www.journeyenergy.caCopyright CNW Group 2020