Journey Energy Inc. Reports on Voting from the 2024 Annual Shareholders Meeting

Rhea-AI Summary

Journey Energy announced the results of its 2024 Annual Shareholders Meeting held on May 23, 2024.

Shareholders approved all resolutions, including fixing the number of directors at six. Each director nominee received more than 85% of votes in favor, with Craig H. Hansen, Jenna M. Kaye, Thomas J. Mullane, Reginald S. Smith, Scott A. Treadwell, and Alex G. Verge elected.

KPMG LLP was appointed as the auditor with 99.46% support. The meeting followed Section 11.3 of National Instrument 51-102.

Positive

• All resolutions were approved by shareholders.
• Directors received strong shareholder support with over 85% votes in favor.
• KPMG LLP appointed as auditors with 99.46% support.
• Six directors were fixed and elected, ensuring leadership continuity.

Negative

• 12.82% of votes were against fixing the number of directors at six.
• Votes against individual directors ranged from 13.35% to 14.12%, showing some dissent.
• 0.54% of votes withheld for the appointment of KPMG LLP, indicating minor opposition.

Calgary, Alberta--(Newsfile Corp. - May 23, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below.

1. Fixing the Number of Directors to be elected at the meeting

On a vote by proxy, the number of directors of the Company to be elected at the Meeting was fixed at six members. The numbers in respect of the vote are based on the proxies received.

Votes For	% For	Votes Against	% Against
17,832,083	87.18	2,621,524	12.82

 

2. Election of Directors

On a vote by ballot, each of the following six nominees proposed by management was elected to serve as a director of the Company until the next annual meeting of shareholders, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Alberta) and the by-laws of the Company:

Nominees	Votes For	% For	Votes Withheld	% Withheld
Craig H. Hansen	17,299,835	86.65	2,664,442	13.35
Jenna M. Kaye	17,292,135	86.62	2,672,141	13.38
Thomas J. Mullane	17,298,138	86.65	2,666,139	13.35
Reginald S. Smith	17,289,915	86.60	2,674,362	13.40
Scott A. Treadwell	17,145,664	85.88	2,818,612	14.12
Alex G. Verge	17,282,601	86.57	2,681,676	13.43

 

3. Appointment of Auditor

On a vote by proxy, KPMG LLP, Chartered Professional Accountants, was appointed as auditors of the Company until the next annual meeting of shareholders, and the directors of the Company were authorized to fix their remuneration as such. The numbers in respect of the vote are based on the proxies received.

Votes For	% For	Votes Withheld	% Withheld
20,342,272	99.46	111,335	0.54

 

For further information contact:

Alex G. Verge
President and Chief Executive Officer
403-303-3232
alex.verge@journeyenergy.ca 

or 

Gerry Gilewicz
Chief Financial Officer
403-303-3238
gerry.gilewicz@journeyenergy.ca

Journey Energy Inc.
700, 517 - 10^th Avenue SW
Calgary, AB T2R 0A8
403-294-1635
www.journeyenergy.ca

No securities regulatory authority has either approved or disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210358

FAQ

What were the voting results at Journey Energy's 2024 Annual Shareholders Meeting?

All resolutions were approved. The number of directors was fixed at six, and all six nominees were elected with over 85% votes in favor. KPMG LLP was appointed as the auditor with 99.46% support.

How many directors were elected at the 2024 Journey Energy Annual Shareholders Meeting?

Six directors were elected: Craig H. Hansen, Jenna M. Kaye, Thomas J. Mullane, Reginald S. Smith, Scott A. Treadwell, and Alex G. Verge.

What percentage of votes were in favor of electing Craig H. Hansen as a director at Journey Energy?

Craig H. Hansen received 86.65% votes in favor of his election as a director.

Who was appointed as the auditor at Journey Energy's 2024 Annual Shareholders Meeting?

KPMG LLP was appointed as the auditor with 99.46% votes in favor.

What percentage of votes were against fixing the number of directors at six at the Journey Energy 2024 AGM?

12.82% of votes were against fixing the number of directors at six.