CALGARY, Alberta, May 23, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the voting results of its annual and special meeting of shareholders held on May 22nd, 2018.
ANNUAL MEETING OF SHAREHOLDERS
Each of the eight nominees proposed in the management proxy circular for the 2018 annual meeting of shareholders were elected as directors. A total of 107,316,077 common shares (“Common Shares”) of the Company, representing approximately 57.84 percent of Common Shares, were represented in person or by proxy at the meeting. Detailed results of the vote are set out in the table below.
DIRECTOR NOMINEE VOTING RESULTS
| Outcome of Vote | Votes For | Votes Withheld | |
| David J. Reid
Harry S. Campbell, Q.C. Peter T. Harrison Robert A. Lehodey, Q.C. Andrew E. Osis Lamont C. Tolley David J. Sandmeyer Ian G. Wild |
Elected
Elected Elected Elected Elected Elected Elected Elected |
82,606,574 79.53% 88,344,012 85.06% 90,236,267 86.88% 70,734,119 68.10% 71,388,858 68.73% 89,991,174 86.64% 76,580,224 73.73% 73,212,838 70.49% |
21,259,652 20.47% 15,522,214 14.94% 13,629,959 13.12% 33,132,107 31.90% 32,477,368 31.27% 13,875,052 13.36% 27,286,002 26.27% 30,653,388 29.51% |
APPOINTMENT OF AUDITOR
KPMG LLP, Chartered Accountants, was reappointed to serve as auditor of the Company until the close of the next annual meeting of the shareholders at a remuneration to be fixed by the directors of the Company.
APPROVAL OF UNALLOCATED OPTIONS
Unallocated options available to be granted pursuant to the Company’s stock option plan were authorized and approved by the shareholders in accordance with the requirements of the Toronto Stock Exchange.
ADVANCE NOTICE BY-LAW
The Company’s advance notice bylaw, adopted by the Company’s board of directors on April 16, 2018, was approved by shareholders.
About Delphi Energy Corp.
Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas. The Company has achieved top decile results through the development of our high quality Montney property, uniquely positioned in the Deep Basin of Bigstone, in northwest Alberta. Delphi continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play. Delphi is headquartered in Calgary, Alberta and trades on the Toronto Stock Exchange under the symbol DEE.
FOR FURTHER INFORMATION PLEASE CONTACT:
DELPHI ENERGY CORP.
2300 – 333 – 7th Avenue S.W.
Calgary, Alberta
T2P 2Z1
Telephone: (403) 265-6171 Facsimile: (403) 265-6207
Email: info@delphienergy.ca Website: www.delphienergy.ca
DAVID J. REID MARK D. BEHRMAN
President & CEO CFO