Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

May 03, 2013 16:01 ET

Bonavista Energy Corporation Report on Voting from the 2013 Shareholders Meeting

CALGARY, ALBERTA--(Marketwired - May 3, 2013) - Bonavista Energy Corporation ("Bonavista" or the "Corporation") (TSX:BNP) announces that the following matters were voted upon at the annual and special meeting of the shareholders of Bonavista held on May 2, 2013 in Calgary, Alberta. 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, 2013 (the "Circular").

1. Election of Directors

By resolution passed via ballot, the following nine nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the ballot were as follows:

Name of Nominee Votes For Percent Votes Withheld Percent
Keith A. MacPhail 125,135,606 99.37 788,539 0.63
Ronald J. Poelzer 124,735,369 99.06 1,188,776 0.94
Ian S. Brown 123,520,294 98.09 2,403,851 1.91
Michael M. Kanovsky 116,196,082 92.27 9,728,063 7.73
Harry L. Knutson 116,953,452 92.88 8,970,693 7.12
Margaret A. Mckenzie 125,628,964 99.77 295,181 0.23
Jason E. Skehar 125,643,267 99.78 280,878 0.22
Christopher P. Slubicki 116,852,451 92.80 9,071,694 7.20
Walter C. Yeates 125,627,906 99.76 296,239 0.24

2. Appointment of Auditors

By resolution passed via ballot, KPMG LLP, Chartered Accountants, were appointed as auditors of the Corporation 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 Withheld Percent
126,896,081 99.74 330,192 0.26

3. 2013 Incentive Award Plan

By resolution passed via ballot, the 2013 incentive award plan of the Corporation as described in the Circular was approved. The results of the ballot were as follows:

Votes For Percent Votes Withheld Percent
95,811,574 76.09 30,111,243 23.91

4. Stock Option Plan Amendments

By resolution passed via ballot, certain amendments to the Corporation's stock option plan, including the conversion of the stock option plan from a rolling plan to a fixed plan, as described in the Circular were approved. The results of the ballot were as follows:

Votes For Percent Votes Withheld Percent
98,465,718 78.20 27,457,099 21.80

Bonavista is a mid-sized energy corporation committed to maintaining its emphasis on operating high quality oil and natural gas properties, providing moderate growth and delivering consistent dividends to its shareholders and ensuring financial strength and sustainability.

Contact Information

  • Keith A. MacPhail
    Executive Chairman
    (403) 213-4300

    Jason E. Skehar
    President & CEO
    (403) 213-4300

    Glenn A. Hamilton
    Senior Vice President & CFO
    (403) 213-4300

    Bonavista Energy Corporation
    1500, 525 - 8th Avenue SW
    Calgary, AB T2P 1G1
    www.bonavistaenergy.com