CALGARY, May 13, 2016 /PRNewswire/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA)
reported the voting results from its annual meeting of shareholders
held May 12, 2016 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 23, 2016 (the "Information Circular") and
is available on the Company's website under "Investor Centre –
Shareholder Information" at www.pembina.com.
A total of 202,898,241 common shares representing
54 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 ten 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
|
|
Percentage of
Votes Withheld
|
Anne-Marie N.
Ainsworth
|
|
99.57%
|
|
0.43%
|
Grant D.
Billing
|
|
96.83%
|
|
3.17%
|
Michael H.
Dilger
|
|
99.38%
|
|
0.62%
|
Randall J.
Findlay
|
|
98.18%
|
|
1.82%
|
Lorne B.
Gordon
|
|
95.48%
|
|
4.52%
|
Gordon J.
Kerr
|
|
81.06%
|
|
18.94%
|
David M.B.
LeGresley
|
|
98.98%
|
|
1.02%
|
Robert B.
Michaleski
|
|
99.24%
|
|
0.76%
|
Leslie A.
O'Donoghue
|
|
96.87%
|
|
3.13%
|
Jeffrey T.
Smith
|
|
99.62%
|
|
0.38%
|
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. Approve shareholders
rights plan
An ordinary resolution to continue Pembina's shareholder rights plan, and ratify,
confirm and approve Pembina's
amended and restated shareholder rights plan, as set out in the
Information Circular, was approved with an approximate 96 percent
of votes cast in favour.
4. 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 95 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 over 60 years. Pembina owns and operates an integrated system
of pipelines that transport various products derived from natural
gas and hydrocarbon liquids produced in western Canada and North
Dakota. The Company also owns and operates 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 entire hydrocarbon value chain allow it to
offer a full spectrum of midstream and marketing services to the
energy sector. Pembina is
committed to working with its community and aboriginal neighbours,
while providing value for investors in a safe, environmentally
responsible manner. This balanced approach to operating ensures the
trust Pembina builds among all of
its stakeholders is sustainable over the long-term. 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.
SOURCE Pembina Pipeline Corporation