CALGARY, May 7, 2018 /CNW/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA)
reported the voting results from its annual meeting of shareholders
held May 4, 2018 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 16, 2018 (the "Information Circular") and
is available on the Company's website under "Investor Centre –
Shareholder Information" at www.pembina.com.
A total of 314,090,320 common shares representing 62.40 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 12 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
|
|
|
Percentage
|
Number
|
|
Percentage
|
Number
|
Anne-Marie N.
Ainsworth
|
|
98.70%
|
285,285,578
|
|
1.30%
|
3,769,547
|
Douglas J.
Arnell
|
|
99.73%
|
288,264,605
|
|
0.27%
|
790,520
|
Michael H.
Dilger
|
|
99.66%
|
288,073,619
|
|
0.34%
|
981,506
|
Randall J.
Findlay
|
|
98.55%
|
284,852,889
|
|
1.45%
|
4,202,237
|
Maureen E.
Howe
|
|
99.73%
|
288,262,177
|
|
0.27%
|
792,948
|
Gordon J.
Kerr
|
|
95.58%
|
276,271,003
|
|
4.42%
|
12,784,122
|
David M.B.
LeGresley
|
|
96.37%
|
278,564,824
|
|
3.63%
|
10,490,301
|
Robert B.
Michaleski
|
|
99.51%
|
287,640,856
|
|
0.49%
|
1,414,269
|
Leslie A.
O'Donoghue
|
|
95.89%
|
277,164,896
|
|
4.11%
|
11,890,229
|
Bruce D.
Rubin
|
|
99.66%
|
288,065,366
|
|
0.34%
|
989,759
|
Jeffrey T.
Smith
|
|
98.72%
|
285,350,265
|
|
1.28%
|
3,704,861
|
Henry W.
Sykes
|
|
96.55%
|
279,077,237
|
|
3.45%
|
9,977,888
|
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 an approximate 94.62 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.
Retirement of Board Member
Pembina also announced today that Mr. Lorne Gordon did not stand for re-election and
will retire from the board after serving more than 20 years as a
director, including 17 years as Chairman of the Board.
"On behalf of Pembina's Board and management, I would like to
thank Mr. Gordon for his dedication and significant contributions
to the Company and the Board," said Randall
Findlay, Chair of the Board of Directors. "Pembina has
benefited greatly from Lorne's experience, wisdom and counsel
throughout its history as a public company and we wish him all the
best in the future."
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 over 60 years. Pembina owns an
integrated system of pipelines that transport various hydrocarbon
liquids and natural gas products produced primarily in western
Canada. The Company also owns gas
gathering and processing facilities and an oil and natural gas
liquids infrastructure and logistics business. Pembina's integrated
assets and commercial operations along the majority of the
hydrocarbon value chain allow it to offer a full spectrum of
midstream and marketing services to the energy sector. Pembina is
committed to identifying additional opportunities to connect
hydrocarbon production to new demand locations through the
development of infrastructure that would extend Pembina's service
offering even further along the hydrocarbon value chain. These new
developments will contribute to ensuring that hydrocarbons produced
in the Western Canada Sedimentary Basin and the other basins where
Pembina operates can reach the highest value markets throughout the
world.
Pembina strives to provide sustainable, industry-leading total
returns for our investors; reliable and value-added services for
our customers; a net positive impact to communities; and a safe,
respectful, collaborative and fair work culture for our
employees.
Pembina's strategy is to:
- Preserve value by providing safe, environmentally
conscious, cost-effective and reliable services;
- Diversify by providing integrated solutions which
enhance profitability and customer service;
- Implement Growth by pursuing projects or assets that are
expected to generate cash flow per share accretion and capture
long-life, economic hydrocarbon reserves; and
- Secure Global Markets by understanding what the world
needs, where they need it, and delivering it.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New
York stock exchanges under PPL and PBA, respectively. For
more information, visit www.pembina.com.
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SOURCE Pembina Pipeline Corporation