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NVA NuVista Energy Ltd

13.70
0.18 (1.33%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NuVista Energy Ltd TSX:NVA Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.18 1.33% 13.70 13.66 13.75 13.76 13.35 13.44 338,006 21:12:44

Report on Voting From the 2024 Annual and Special Shareholders Meeting

08/05/2024 3:02am

GlobeNewswire Inc.


NuVista Energy (TSX:NVA)
Historical Stock Chart


From Apr 2024 to Jul 2024

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(TSX - NVA) NuVista Energy Ltd. ("NuVista") announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 7, 2024. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 22, 2024 (the "Circular").

1. Fixing the Number of Directors

By resolution passed via ballot, the number of directors to be elected at the meeting was fixed at nine members. The results of the ballot were as follows:

Votes ForPercentVotes AgainstPercent
159,003,96999.78%346,9140.22%
    

2. Election of Directors

By resolution passed via ballot, the following nine nominees were appointed as directors of NuVista to serve until the next annual meeting of shareholders of NuVista, or until their successors are elected or appointed. The results of the ballot were as follows:

Name of NomineeVotes ForPercentVotes WithheldPercent
     
Pentti O. Karkkainen120,355,59575.69%38,645,16524.31%
Ronald J. Eckhardt120,683,41575.90%38,317,34524.10%
K. L. (Kate) Holzhauser114,591,79072.07%44,408,97027.93%
Mary Ellen Lutey121,260,26776.26%37,740,49323.74%
Keith A. MacPhail105,729,34266.50%53,271,41833.50%
Ronald J. Poelzer114,618,73672.09%44,382,02427.91%
Deborah S. Stein116,814,78973.47%42,185,97126.53%
Jonathan A. Wright121,376,03276.34%37,624,72823.66%
Grant A. Zawalsky109,304,66968.74%49,696,09131.26%
     

3. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of NuVista to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes ForPercentVotes WithheldPercent
151,628,82795.15%7,722,0574.85%
    

4. Non-Binding Advisory Resolution on Executive Compensation

By advisory resolution passed via ballot, NuVista's approach to executive compensation was approved. The results of the ballot were as follows:

Votes ForPercentVotes AgainstPercent
120,962,39676.08%38,038,36423.92%
    

5. Approval of the Amended and Restated Stock Option Plan

By resolution passed via ballot, the amendments to NuVista's stock option plan to, among other things, increase the number of shares issuable thereunder was approved. The results of the ballot were as follows:

Votes ForPercentVotes AgainstPercent
112,365,59570.67%46,635,16529.33%
    

INVESTOR INFORMATION

NuVista is an independent Canadian oil and natural gas exploration, development and production corporation with its Common Shares trading on the Toronto Stock Exchange under the symbol “NVA”.

NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

FOR FURTHER INFORMATION CONTACT:

Jonathan A. WrightIvan J. CondicMike J. Lawford
CEOVP, Finance and CFOPresident and COO
(403) 538-8501(403) 538-1954(403) 538-1936
   

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