Canada markets close in 3 hours 11 minutes

  • S&P/TSX

    19,037.43
    -139.75 (-0.73%)
     

  • S&P 500

    4,237.43
    -50.96 (-1.19%)
     

  • DOW

    33,088.35
    -345.00 (-1.03%)
     

  • CAD/USD

    0.7293
    -0.0022 (-0.30%)
     

  • CRUDE OIL

    89.81
    +0.99 (+1.11%)
     

  • Bitcoin CAD

    37,595.32
    -898.46 (-2.33%)
     

  • CMC Crypto 200

    585.85
    -4.12 (-0.70%)
     

  • GOLD FUTURES

    1,843.40
    -3.80 (-0.21%)
     

  • RUSSELL 2000

    1,734.55
    -22.27 (-1.27%)
     

  • 10-Yr Bond

    4.7640
    +0.0810 (+1.73%)
     

  • NASDAQ

    13,105.79
    -201.99 (-1.52%)
     

  • VOLATILITY

    19.37
    +1.76 (+9.99%)
     

  • FTSE

    7,470.16
    -40.56 (-0.54%)
     

  • NIKKEI 225

    31,237.94
    -521.94 (-1.64%)
     

  • CAD/EUR

    0.6965
    -0.0011 (-0.16%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE ON RISING BOND YIELDS, JOBS UPSIDE

U.S. job openings climb in August, hitting highest level since May

ARC RESOURCES LTD. ANNOUNCES APPROVAL OF RESOLUTIONS AT ANNUAL AND GENERAL MEETING OF SHAREHOLDERS

CNW Group
·2 min read

CALGARY, AB, May 5, 2023 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on May 5, 2023.

ARC Resources Ltd. Logo (CNW Group/ARC Resources Ltd.)
ARC Resources Ltd. Logo (CNW Group/ARC Resources Ltd.)

During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions:

1.  Resolution to appoint 10 board members, with 91.12 per cent to 99.34 per cent of shares represented at the Meeting voting in favour of individual directors as follows:

Directors

Approval Percentage


Withheld Percentage


Harold N. Kvisle

91.12 %


8.88 %


Farhad Ahrabi

99.34 %


0.66 %


Carol T. Banducci

99.19 %


0.81 %


David R. Collyer

98.77 %


1.23 %


William J. McAdam

99.22 %


0.78 %


Michael G. McAllister

99.14 %


0.86 %


Marty L. Proctor

94.78 %


5.22 %


M. Jacqueline Sheppard

98.15 %


1.85 %


Leontine van Leeuwen-Atkins

99.22 %


0.78 %


Terry M. Anderson

99.23 %


0.77 %


2.  Resolution to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Corporation's auditors, with 99.75 per cent of the shares represented at the Meeting voting in favour of the resolution.

3.  Resolution to accept the Corporation's approach to executive compensation ("say on pay"), as disclosed in ARC's 2022 Information Circular – Proxy Statement, with 96.21 per cent of shares represented at the Meeting voting in favour of the advisory resolution.

About ARC

ARC Resources Ltd. is a pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

Please visit ARC's website at www.arcresources.com or contact Investor Relations:
E-mail: IR@arcresources.com
Telephone: (403) 503-8600
Fax: (403) 509-6427
Toll Free: 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 - 4 Avenue SW
Calgary, AB  T2P 0H7

SOURCE ARC Resources Ltd.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/05/c3836.html