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ISS International Samuel Exploration Corp

0.22
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Samuel Exploration Corp TSXV:ISS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.22 0.18 0.29 0 01:00:00

Parkland Fuel Corporation Amends its Restricted Share Unit Plan to Comply with ISS Proxy Advisory Services Guidelines

28/04/2014 7:27pm

Marketwired Canada


Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX:PKI), an
independent North American distributor and marketer of fuels and lubricants,
today announced that it has adopted an amendment to its Restricted Share Unit
Plan for eligible employees ("the Plan") to provide that the number of common
shares in the capital of the Corporation (the "Shares") reserved for issuance
from treasury pursuant to restricted share units credited under the plan not
exceed 4% of the total issued and outstanding Shares (the "Amendment"). 


The Amendment is effective as of the date hereof and at the upcoming annual
general and special meeting of the shareholders of the Corporation to be held at
9:00 am Mountain Time on May 6, 2014 (the "Meeting"), shareholders are asked to
vote FOR the matter of business approving the unallocated restricted share units
to be issued under the Plan, as modified by the Amendment. 


Based on the recommendations and analysis provided in the report issued by
Institutional Shareholder Services ("ISS") about the matters to be voted on at
Parkland's upcoming annual general and special meeting, Parkland has made the
Amendment to align with ISS' guidelines on shareholder value transfer ("SVT") in
the interests of good corporate governance. The Amendment has been enacted in
order to ensure that the aggregate shareholder value transfer ("SVT") under the
Plan and Parkland's stock option plan (collectively, the "Compensation Plans")
do not exceed the cap on SVT recommended by ISS. Parkland believes that the
Amendment will reduce the SVT under the Compensations Plans, in aggregate, to be
at or less than the 5% SVT cap set by ISS. 


In light of the Amendment, Parkland believes it is now in compliance with ISS
guidelines and encourages shareholders to vote FOR proposal 5.


About Parkland Fuel Corporation 

Parkland Fuel Corporation is an independent marketer of petroleum products in
North America, empowered by a continent-wide logistics, supply and trading
platform. We provide motorists, businesses, consumers and wholesale customers
with a safe and dependable source of gasoline, diesel, propane, lubricants,
heating oil and other products through a network of locations across North
America that are run by community based operators who care.


To sign up for Parkland's investor information services, please go to
http://bit.ly/PKI-Info or visit www.parkland.ca.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For investor and media inquiries please contact
Parkland Fuel Corporation
Tom McMillan
Director, Corporate Communications
1-800-662-7177 ext. 2533
www.parkland.ca

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