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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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Penn West Energy Trust est une société de production minière et de pétrole basée au Canada. Penn West Energy Trust détient divers projets d'exploration au Canada. Son principal projet en exploration est SWAN HILLS au Canada. Penn West Energy Trust est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 80,7 millions US$ (73,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 mai 2009 à 9,98 US$, et son plus bas niveau récent le 01 avril 2020 à 0,15 US$. Penn West Energy Trust possède 504 340 988 actions en circulation. |