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Peyto Exploration & Development Corp. Announces Voting Results From Annual Meeting of Shareholders

Peyto Exploration & Development Corp.
Peyto Exploration & Development Corp.

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated April 4, 2024 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held on May 22, 2024. The detailed results of the votes for the election of directors, the appointment of auditors and the advisory vote on executive compensation held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Peyto:

Nominee

 

Outcome
of Vote

 

Votes For

 

Votes
Withheld

Donald Gray

 

Elected

 

92,431,084

 

4,834,863

Michael MacBean

 

Elected

 

93,275,111

 

3,990,836

Brian Davis

 

Elected

 

95,722,735

 

1,543,212

Darren Gee

 

Elected

 

95,505,866

 

1,760,081

Debra Gerlach

 

Elected

 

96,016,249

 

1,249,698

John W. Rossall

 

Elected

 

96,617,164

 

648,783

Jean-Paul Lachance

 

Elected

 

96,569,138

 

696,809

Jocelyn McMinn

 

Elected

 

95,691,582

 

1,574,365

Nicki Stevens

 

Elected

 

96,429,029

 

836,918


Appointment of Auditors 

By ordinary resolution passed via ballot, Deloitte LLP, Chartered Professional Accountants, were appointed as auditors of Peyto until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Votes For

 

Percent (%)

 

Votes
Withheld

 



Percent (%)

94,988,649

 

96.41

 

3,536,505

 

3.59


Advisory Vote on Executive Compensation

By ordinary resolution passed via ballot, the non-binding advisory resolution concerning Peyto's approach to executive compensation was approved. The results of the ballot were as follows:

Votes For

 

Percent (%)

 

Votes
Against

 



Percent (%)

89,477,333

 

91.99

 

7,788,614

 

8.01


For further information please contact:

Jean-Paul Lachance
President and Chief Executive Officer
Phone:        (403) 451-4111        
Fax:            (403) 451-4100