Report on Voting From the 2024 Annual and Special Shareholders Meeting
In This Article:
CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) -- (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 For | Percent | Votes | Percent |
| 159,003,969 | 99.78% | 346,914 | 0.22% |
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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 Nominee | Votes For | Percent | Votes |
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| Pentti O. Karkkainen | 120,355,595 | 75.69% | 38,645,165 | 24.31% |
| Ronald J. Eckhardt | 120,683,415 | 75.90% | 38,317,345 | 24.10% |
| K. L. (Kate) Holzhauser | 114,591,790 | 72.07% | 44,408,970 | 27.93% |
| Mary Ellen Lutey | 121,260,267 | 76.26% | 37,740,493 | 23.74% |
| Keith A. MacPhail | 105,729,342 | 66.50% | 53,271,418 | 33.50% |
| Ronald J. Poelzer | 114,618,736 | 72.09% | 44,382,024 | 27.91% |
| Deborah S. Stein | 116,814,789 | 73.47% | 42,185,971 | 26.53% |
| Jonathan A. Wright | 121,376,032 | 76.34% | 37,624,728 | 23.66% |
| Grant A. Zawalsky | 109,304,669 | 68.74% | 49,696,091 | 31.26% |
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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 For | Percent | Votes | Percent |
| 151,628,827 | 95.15% | 7,722,057 | 4.85% |
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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 For | Percent | Votes | Percent |
| 120,962,396 | 76.08% | 38,038,364 | 23.92% |
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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 For | Percent | Votes | Percent |
| 112,365,595 | 70.67% | 46,635,165 | 29.33% |
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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”.