During the business proceedings of the Meeting, ARC’s shareholders approved the following resolutions:
1. Resolution to appoint 11 board members, with 96.01 per cent to 99.80 per cent of shares represented at the Meeting voting in favour of individual directors as follows:
|
Directors |
Approval Percentage |
Withheld Percentage |
|
|
Harold N. Kvisle |
96.96% |
3.04% |
|
|
Farhad Ahrabi |
98.91% |
1.09% |
|
|
Carol T. Banducci |
99.65% |
0.35% |
|
|
David R. Collyer |
98.32% |
1.68% |
|
|
Susan C. Jones |
99.06% |
0.94% |
|
|
William J. McAdam |
99.71% |
0.29% |
|
|
Michael G. McAllister |
99.18% |
0.82% |
|
|
Marty L. Proctor |
96.01% |
3.99% |
|
|
M. Jacqueline Sheppard |
98.64% |
1.36% |
|
|
Leontine van Leeuwen-Atkins |
99.67% |
0.33% |
|
|
Terry M. Anderson |
99.80% |
0.20% |
|
2. Resolution to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Corporation’s auditors, with 99.68 per cent of the shares represented at the Meeting voting in favour of the resolution.
3. Resolution to accept the Corporation’s approach to executive compensation (“say on pay”), as disclosed in ARC’s 2021 Management Information Circular – Proxy Statement, with 96.68 per cent of shares represented at the Meeting voting in favour of the advisory resolution.
Effective May 6, 2022, Ms. Kathleen O’Neill has retired from the Board of Directors (the “Board”) after 13 years of service. ARC would like to extend its sincerest gratitude to Ms. O’Neill for the guidance and wisdom she provided to the Board and Management during her tenure. With Ms. O’Neill’s retirement, Ms. Leontine van Leeuwen-Atkins has assumed the role of Chair of the Audit Committee.
ARC Resources Ltd. is a pure-play Montney producer and one of Canada’s largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. ARC’s investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC’s common shares trade on the Toronto Stock Exchange under the symbol ARX.
Please visit ARC’s website at www.arcresources.com or contact Investor Relations:
E-mail: IR@arcresources.com
Telephone: (403) 503-8600
Fax: (403) 509-6427
Toll Free: 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 – 4 Avenue SW
Calgary, AB T2P 0H7
SOURCE ARC Resources Ltd.
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