CALGARY, May 12, 2014 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the
voting results from its Annual and Special Meeting of shareholders
held May 9, 2014 in Calgary, Alberta (the "Meeting"). Each of the
matters voted upon at the Meeting is discussed in detail in the
Company's Management Information Circular dated March 24, 2014 (the "Information Circular") and
is available on the Company's website under "Investor Centre" at
www.pembina.com.
A total of 157,278,945 common shares representing 49 percent of
the Company's issued and outstanding 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 nine 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 |
|
|
|
Percentage of Votes in
Favour |
Grant D. Billing |
|
|
|
99.20% |
Thomas W. Buchanan |
|
|
|
96.71% |
Michael H. Dilger |
|
|
|
99.35% |
Randall J. Findlay |
|
|
|
96.21% |
Lorne B. Gordon |
|
|
|
92.81% |
David M.B. LeGresley |
|
|
|
99.54% |
Robert B. Michaleski |
|
|
|
99.53% |
Leslie A. O'Donoghue |
|
|
|
99.31% |
Jeffrey T. Smith |
|
|
|
99.32% |
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 96.11 percent of votes cast in favour.
4. Approve Amendments to the Company's Stock Option
Plan
An ordinary resolution authorizing amendments to Pembina's
incentive stock option plan, which was first approved at the
Company's 2011 annual meeting, as set out in the Information
Circular, was approved with 86.63 percent of votes cast in
favour.
Additional details in respect the Meeting's voting results can
be found on Pembina's profile at www.sedar.com and www.sec.gov.
About Pembina
Calgary-based
Pembina Pipeline Corporation is a leading transportation and
midstream service provider that has been serving North America's energy industry for 60 years.
Pembina owns and operates pipelines that transport various
hydrocarbon liquids including conventional and synthetic crude oil,
heavy oil and oil sands products, condensate (diluent) and natural
gas liquids produced in western Canada. The Company also owns and operates gas
gathering and processing facilities and an oil and natural gas
liquids infrastructure and logistics business. With facilities
strategically located in western Canada and in natural gas liquids markets in
eastern Canada and the U.S.,
Pembina also offers a full spectrum of midstream and marketing
services that spans across its operations. Pembina's integrated
assets and commercial operations enable it to offer services needed
by the energy sector along the hydrocarbon value chain.
Pembina is a trusted member of the communities
in which it operates and is committed to generating value for its
investors by running its businesses in a safe, environmentally
responsible manner that is respectful of community
stakeholders.
SOURCE Pembina Pipeline Corporation