CALGARY, AB – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) reported the voting results from its annual meeting of common shareholders held virtually on May 7, 2021 (the “Meeting”). Each of the matters voted upon at the Meeting is discussed in detail in the Company’s Management Information Circular dated March 19, 2021 (the “Information Circular”) and is available on the Company’s website under “Investors – Shareholder Information” at www.pembina.com.
A total of 328,903,599 common shares representing 59.81 percent of the Company’s issued and outstanding common shares were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:
1. Election of Directors
The following 11 nominees were appointed as directors of Pembina to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed:
|Nominee||Votes in Favour||Votes Withheld|
|Anne-Marie N. Ainsworth||90.61%||282,410,283||9.39%||29,264,713|
|Michael H. Dilger||99.51%||310,132,360||0.49%||1,542,635|
|Randall J. Findlay||97.22%||303,024,793||2.78%||8,650,203|
|Robert G. Gwin||98.72%||307,679,573||1.28%||3,995,423|
|Maureen E. Howe||99.07%||308,770,678||0.93%||2,904,317|
|Gordon J. Kerr||98.11%||305,788,821||1.89%||5,886,174|
|David M.B. LeGresley||98.45%||306,848,586||1.55%||4,826,409|
|Leslie A. O’Donoghue||98.82%||308,004,182||1.18%||3,670,814|
|Bruce D. Rubin||99.75%||310,892,115||0.25%||782,881|
|Henry W. Sykes||98.88%||308,184,170||1.12%||3,490,825|
2. Appointment of Auditors
KPMG LLP, Chartered Accountants, were appointed to serve as the auditors of the Company until the close of the next annual meeting, at remuneration to be fixed by the directors on the recommendation of the Audit Committee.
3. Acceptance of Company’s Approach to Executive Compensation
On an advisory basis and not to diminish the role and responsibility of the board of directors, the approach to executive compensation disclosed in the Information Circular was approved with approximately 93.75 percent of votes cast in favour.