April 22, 2020
Whitecap Resources Inc. Announces Results Of Shareholders' Meeting
CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 177,722,349 common shares representing 43.56% of Whitecap's issued and outstanding common shares were voted in connection with the meeting.
At the meeting, by ordinary resolution, the number of directors to be elected at the meeting was fixed at nine. The results of the ballot were as follows:
|
Votes For (Percentage) |
|
175,822,013 (99.60%) |
At the meeting, all of the nominees proposed as directors were duly elected as directors of Whitecap with a majority of votes cast by the shareholders present or represented at the meeting as follows:
|
Name of Nominee |
Votes For (Percentage) |
|
Heather J. Culbert |
174,435,423 (98.81%) |
|
Grant B. Fagerheim |
175,667,577 (99.51%) |
|
Gregory S. Fletcher |
175,377,700 (99.34%) |
|
Daryl H. Gilbert |
147,095,171 (83.32%) |
|
Glenn A. McNamara |
167,092,905 (94.65%) |
|
Stephen C. Nikiforuk |
175,530,227 (99.43%) |
|
Kenneth S. Stickland |
170,172,835 (96.40%) |
|
Bradley J. Wall |
175,712,272 (99.53%) |
|
Grant A. Zawalsky |
174,855,172 (99.05%) |
PricewaterhouseCoopers LLP was appointed as auditors of Whitecap to hold office until the next annual meeting, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
|
Votes For (Percentage) |
|
176,844,637 (99.51%) |
A special resolution to approve the reduction of the stated capital account of Whitecap's common shares. The results of the ballot were as follows:
|
Votes For (Percentage) |
|
175,580,402 (99.46%) |
In addition, a non-binding advisory resolution concerning Whitecap's approach to executive compensation was approved. The results of the ballot were as follows:
|
Votes For (Percentage) |
|
174,323,131 (98.75%) |
About Whitecap
Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca.
For further information:
Grant Fagerheim, President & CEO
or
Thanh Kang, CFO
Whitecap Resources Inc.
3800, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
Phone: (403) 266-0767
Website: www.wcap.ca
