Cenovus reports voting results of election of Directors

Rhea-AI Summary

Cenovus Energy Inc. (CVE) held its annual shareholder meeting on April 27, 2022, where all 12 nominated Directors were elected. Votes for each nominee were overwhelmingly positive, with Keith M. Casey receiving 99.85% support, while Canning K.N. Fok was the only nominee with significant dissent, garnering 67.24% approval against 32.76% withheld votes. Overall, the election results reflect strong shareholder confidence in the company's leadership amid its integrated energy operations in Canada and the Asia Pacific region.

Positive

• All 12 nominated Directors elected with strong shareholder support.
• Keith M. Casey received 99.85% votes for, indicating high confidence.
• No significant opposition for the majority of nominees.

Negative

• Canning K.N. Fok faced 32.76% withheld votes, indicating shareholder concerns.

CALGARY, Alberta, April 27, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 27, 2022, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 1, 2022 were elected as Directors. The detailed results of the vote are set out below.

Nominee	Votes for		Votes withheld
	Number	Percent	Number	Percent
Keith M. Casey	1,609,044,293	99.85	2,397,549	0.15
Canning K.N. Fok	1,083,587,060	67.24	527,850,101	32.76
Jane E. Kinney	1,609,176,907	99.86	2,264,935	0.14
Harold N. Kvisle	1,277,048,365	79.25	334,317,479	20.75
Eva L. Kwok	1,550,853,643	96.24	60,588,199	3.76
Keith A. MacPhail	1,514,158,636	93.96	97,283,206	6.04
Richard J. Marcogliese	1,608,951,311	99.85	2,490,531	0.15
Claude Mongeau	1,608,785,300	99.84	2,656,542	0.16
Alexander J. Pourbaix	1,609,975,871	99.91	1,465,881	0.09
Wayne E. Shaw	1,608,678,194	99.83	2,763,648	0.17
Frank J. Sixt	1,212,579,975	75.25	398,857,186	24.75
Rhonda I. Zygocki	1,548,711,155	96.11	62,730,687	3.89

Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

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FAQ

What were the results of Cenovus Energy's annual meeting on April 27, 2022?

All 12 nominated Directors were elected, with strong support for most.

How much support did Keith M. Casey receive in the Director election?

Keith M. Casey received 99.85% votes in favor.

What percentage of votes were withheld for Canning K.N. Fok during the election?

Canning K.N. Fok had 32.76% of votes withheld.

How did shareholders vote in Cenovus Energy's recent Director elections?

Shareholders overwhelmingly supported the nominees, with only minor dissent for Canning K.N. Fok.

What is Cenovus Energy's stock symbol?

Cenovus Energy is listed under the stock symbol CVE.