CALGARY,
AB, May 10, 2024 /CNW/ - Crescent Point Energy
Corp. ("Crescent Point", or the "Company") (TSX: CPG) and (NYSE:
CPG) held its Annual and Special Meeting of Shareholders ("AGM" or
"the meeting") on May 10, 2024.
During the business portion of the meeting, shareholders approved
all resolutions brought forward, including voting in favour of
changing the Company's name to Veren Inc. ("Veren"), effective
immediately.
Veren's shares are expected to begin trading under its new
symbol "VRN" on both the TSX and NYSE on or around May 15, 2024. Veren will also launch its new
website at www.vrn.com in conjunction with the ticker change.
Voting results for all resolutions and advisory votes are
below:
1. Fixing the Number of
Directors
The appointment of nine Board members for the ensuing year
was approved. Votes were received as follows:
|
Votes
For
|
Percent
|
Against
|
Percent
|
|
249,760,229
|
99.19 %
|
2,030,411
|
0.81 %
|
2. Election of
Directors
The nine director nominees were elected. Votes were
received as follows:
|
Nominee
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
|
Barbara
Munroe
|
247,009,628
|
98.10 %
|
4,781,013
|
1.90 %
|
|
Craig Bryksa
|
250,362,659
|
99.43 %
|
1,427,983
|
0.57 %
|
|
James E.
Craddock
|
246,959,133
|
98.08 %
|
4,831,509
|
1.92 %
|
|
John P.
Dielwart
|
249,003,889
|
98.89 %
|
2,786,753
|
1.11 %
|
|
Mike Jackson
|
249,669,530
|
99.16 %
|
2,121,111
|
0.84 %
|
|
Jennifer F.
Koury
|
245,607,763
|
97.54 %
|
6,182,879
|
2.46 %
|
|
François
Langlois
|
249,460,494
|
99.07 %
|
2,330,147
|
0.93 %
|
|
Myron M.
Stadnyk
|
249,982,650
|
99.28 %
|
1,807,992
|
0.72 %
|
|
Mindy Wight
|
246,419,162
|
97.87 %
|
5,371,480
|
2.13 %
|
3. Appointment of
Auditors
The appointment of PricewaterhouseCoopers LLP as Veren's auditor
was approved. Votes were received as follows:
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
|
271,550,370
|
97.66 %
|
6,516,814
|
2.34 %
|
4. Advisory Vote on Executive
Compensation
The advisory vote to accept the Company's approach to executive
compensation was supported by shareholders. Votes were received as
follows:
|
Votes
For
|
Percent
|
Against
|
Percent
|
|
242,901,686
|
96.47 %
|
8,888,953
|
3.53 %
|
5. Amendment to Change
Name
The special resolution to approve the Company's articles to
change its name to Veren Inc. was approved. Votes were received as
follows:
|
Votes
For
|
Percent
|
Against
|
Percent
|
|
269,909,184
|
97.07 %
|
8,157,998
|
2.93 %
|
The biographies of Veren's Board members, details about the
Company's environmental, social and governance ("ESG") practices
and a recorded webcast from the meeting earlier today are available
on the Company's website. The full terms of each resolution voted
on at the meeting can be found in the Company's latest information
circular, which is also available on the Company's website.
FOR MORE INFORMATION ON VEREN, PLEASE CONTACT:
Sarfraz Somani, Manager,
Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020
Address: Veren Inc. Suite 2000, 585 - 8th Avenue S.W.
Calgary AB │T2P 1G1
www.crescentpointenergy.com / www.vrn.com
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SOURCE Crescent Point Energy Corp.
