Business
ARC Resources Ltd Announces Shareholder Approval of all Resolutions at Annual and Special Meeting and Provides Information Respecting a Stock Dividend Program
CALGARY, May 16, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Corporation")...
About this update from Arc Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, May 16, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. (\"ARC\" or the \"Corporation\") is pleased to announce\n that its shareholders approved all resolutions at its Annual and\n Special Meeting (the \"Meeting\") held on May 15, 2013 including the\n special resolution to implement a Stock Dividend Program (\"SDP\"). The\n video webcast of the Meeting including a corporate presentation with\n remarks by Myron Stadnyk, President and Chief Executive Officer, is\n available on ARC's website at www.arcresources.com.\n\n\nApproval of Resolutions\n\n\nDuring the business proceedings at the Meeting, ARC's shareholders\n approved the following resolutions:\n\n\n1. Resolution to appoint nine board members, with 90.41% to 99.66% of\n shares represented at the meeting voting in favour of individual\n directors as follows:\n\n\n\n\n\n \n\n\n \n\n\nDirector\n\n\nPercentage Approval\n\n\nMac H. Van Wielingen\n\n\n99.23%\n\n\nJohn P. Dielwart\n\n\n99.62%\n\n\nFred J. Dyment \n\n\n90.41%\n\n\nTimothy J. Hearn\n\n\n99.61%\n\n\nJames C. Houck\n\n\n99.66%\n\n\nHarold N. Kvisle \n\n\n99.47%\n\n\nKathleen M. O'Neill\n\n\n99.63%\n\n\nHerbert C. Pinder, Jr.\n\n\n99.20%\n\n\nMyron M. Stadnyk\n\n\n99.65%\n\n\n \n\n\n \n\n\n2. Resolution to appoint Deloitte LLP as the Corporation's auditors,\n with 99.57% of the shares represented at the meeting by proxy voting in\n favour of the resolution.\n\n\n3. Resolution to approve the Corporation's approach to Executive\n Compensation (Say on Pay) as disclosed in ARC's 2013 Information\n Circular - Proxy Statement, with 97.21% of shares represented at the\n meeting voting in favour of the advisory resolution.\n\n\n4. Special resolution to implement a Stock Dividend Program (\"SDP\"),\n with 94.47% of shares represented at the meeting voting in favour of\n the special resolution.\n\n\n\n\n\nStock Dividend Program\n\n\nThe SDP provides an additional option to ARC's shareholders with respect\n to the receipt of dividends.  The SDP will enable shareholders to\n receive dividends in the form of common shares of ARC in lieu of\n receiving a cash dividend on the dividend payment date.  Participation\n in the SDP is optional; shareholders will continue to have the option\n to receive dividend payments in cash or to reinvest their dividends\n into additional common ...