News Release Issued: Jun 6, 2013 (11:57am MDT)
To view this release online and get more information about Penn West Exploration visit: http://pennwest.mediaroom.com/index.php?s=27585&item=135192
Penn West Exploration Announces Voting Results from the 2013 Annual and Special Meeting of Shareholders
CALGARY, June 6, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce that its shareholders approved all resolutions outlined in the Notice of 2013 Annual and Special Meeting and Management Proxy Circular dated May 6, 2013 (the "Information Circular") at its Annual and Special Meeting held on June 5, 2013 (the "Meeting").
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1. Appointment of Auditor |
By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed auditor of Penn West for the ensuing year.
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2. Election of Directors |
By resolutions passed by ballot vote, the following eleven nominees proposed by management were elected as directors of Penn West to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:
Name of Nominee |
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Votes For |
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Percent |
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Votes Withheld |
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Percent |
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James E. Allard |
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174,019,243 |
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80.71% |
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41,596,184 |
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19.29% |
George H. Brookman |
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165,317,712 |
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76.68% |
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50,284,763 |
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23.32% |
Gillian H. Denham |
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206,849,150 |
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95.94% |
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8,750,792 |
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4.06% |
Richard L. George |
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210,698,146 |
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97.72% |
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4,922,349 |
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2.28% |
Daryl H. Gilbert |
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171,587,211 |
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79.58% |
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44,021,538 |
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20.42% |
Allan P. Markin |
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211,766,828 |
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98.21% |
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3,851,937 |
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1.79% |
Murray R. Nunns |
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198,471,171 |
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92.07% |
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17,105,887 |
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7.93% |
Frank Potter |
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206,403,159 |
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95.74% |
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9,193,212 |
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4.26% |
Jack Schanck |
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206,811,969 |
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95.92% |
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8,794,783 |
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4.08% |
James C. Smith |
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206,987,547 |
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96.00% |
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8,621,473 |
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4.00% |
Jay W. Thornton |
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209,074,418 |
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96.97% |
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6,534,502 |
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3.03% |
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3. Non-Binding Advisory Vote on Approach to Executive Compensation |
By resolution passed by ballot vote, an advisory resolution was passed to approve Penn West's approach to executive compensation as outlined in the Information Circular.� The results of the ballot were as follows:
Votes For |
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Percent |
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Votes Against |
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Percent |
197,561,184 |
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91.61% |
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18,092,835 |
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8.39% |
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4. Approval of Unallocated Options Pursuant to the Stock Option Plan |
By resolution passed by ballot vote, all unallocated options to acquire common shares under Penn West's stock option plan until June 5, 2016 were approved.� The results of the ballot were as follows:
Votes For |
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Percent |
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Votes Against |
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Percent |
188,295,828 |
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87.31% |
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27,362,007 |
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12.69% |
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5. Approval of Stock Option Plan Amendment |
By resolution passed by ballot vote, an amendment to the amending provisions of Penn West's stock option plan was approved.� The results of the ballot were as follows:
Votes For |
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Percent |
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Votes Against |
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Percent |
195,995,724 |
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90.88% |
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19,659,177 |
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9.12% |
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6. Approval of Advanced Notice By-Law |
By resolution passed by ballot vote, By-Law No. 2 of Penn West relating to the advance notice of nominations of directors was approved.� The results of the ballot were as follows:
Votes For |
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Percent |
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Votes Against |
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Percent |
171,625,886 |
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79.58% |
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44,028,138 |
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20.42% |
Penn West shares are listed on the Toronto Stock Exchange under the symbol PWT and on the New York Stock Exchange under the symbol PWE.� �
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SOURCE: Penn West Exploration
For further information:
PENN WEST EXPLORATION
Penn West Plaza
Suite 200, 207 - 9th Avenue SW
Calgary, Alberta� T2P 1K3
Phone: 403-777-2500
Fax: 403-777-2699
Toll Free: 1-866-693-2707
Website:� www.pennwest.com�
Investor Relations:
Toll Free: 1-888-770-2633
E-mail:� investor_relations@pennwest.com
Murray Nunns, President & Chief Executive Officer
Phone:� 403-218-8939
E-mail:� murray.nunns@pennwest.com
Clayton Paradis, Manager, Investor Relations�
Phone:� 403-539-6343
E-mail:� clayton.paradis@pennwest.com
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Penn West Energy Trust
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CODE : PWE |
ISIN : CA7078871059 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Penn West Energy Trust is a and oil producing company based in Canada. Penn West Energy Trust holds various exploration projects in Canada. Its main exploration property is SWAN HILLS in Canada. Penn West Energy Trust is listed in United States of America. Its market capitalisation is US$ 80.7 millions as of today (€ 73.8 millions). Its stock quote reached its highest recent level on May 29, 2009 at US$ 9.98, and its lowest recent point on April 01, 2020 at US$ 0.15. Penn West Energy Trust has 504 340 988 shares outstanding. |