International Petroleum Corporation announces 2019 Annual General Meeting voting results
International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation's 2019 Annual General Meeting of Shareholders (the "2019 AGM") held on May 7, 2019 in Toronto, Ontario.
Number of Directors
The number of Directors of the Corporation was set at eight. The vote was conducted by a show of hands. Proxies received by management in advance of the 2019 AGM indicated the following:
Votes For % For Votes Against % Against 67,345,765 99.99 5,575 0.01
Election of Directors
The eight nominees listed in the Corporation's management information circular dated March 29, 2019 were elected as Directors of the Corporation to hold office for the ensuing year. The vote was conducted by a show of hands. Proxies received by management in advance of the 2019 AGM indicated the following:
Nominee Votes For % For Votes Withheld % Withheld Lukas H. Lundin 62,983,110 93.51 4,368,230 6.49 Mike Nicholson 67,266,356 99.87 84,984 0.13 C. Ashley Heppenstall 67,185,428 99.75 165,912 0.25 Donald Charter 67,243,440 99.84 107,900 0.16 Chris Bruijnzeels 67,253,627 99.85 97,713 0.15 Torstein Sanness 67,206,725 99.79 144,615 0.21 Daniella Dimitrov 67,258,729 99.86 92,611 0.14 John Festival 67,334,821 99.98 16,519 0.02
Appointment of Auditor
PricewaterhouseCoopers AG was appointed as auditor of the Corporation for the ensuing year and the Directors of the Corporation were authorized to fix the remuneration of the auditor. The vote was conducted by a show of hands. Proxies received by management in advance of the 2019 AGM indicated the following:
Votes For % For Votes Withheld % Withheld 67,274,700 99.89 76,640 0.11
International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and Europe, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC's shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol "IPCO".
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This press release contains statements and information which constitute "forward-looking statements" or "forward-looking information" (within the meaning of applicable securities legislation). Such statements and information (together, "forward-looking statements") relate to future events, including the Corporation's future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.
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