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CALGARY, Alberta, May 7, 2024 (GLOBE NEWSWIRE) — (TSX – NVA) NuVista Energy Ltd. (“NuVista“) announces that the following matters were approved at NuVista’s annual and special meeting of stockholders on May 7, 2024. Each of the matters is described in more detail in the Notice of Annual and Special Meetings of Stockholders and Information Circular dated March 22, 2024 (the “Circular“).
1. Determination of the number of directors
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A resolution passed by ballot fixed the number of directors to be elected at the meeting at nine members. The result of the vote was as follows:
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| vote for | percent | Voices Against |
percent |
| 159,003,969 | 99.78% | 346,914 | 0.22% |
2. Election of directors
By vote, the following nine nominees were appointed as directors of NuVista to serve until the next annual meeting of NuVista’s stockholders or until the election or appointment of their successors. The result of the vote was as follows:
| Name of nominee | vote for | percent | Voices Withheld |
percent |
| Pentti O. Karkkainen | 120,355,595 | 75.69% | 38,645,165 | 24.31% |
| Ronald J. Eckhardt | 120,683,415 | 75.90% | 38,317,345 | 24.10% |
| KL (Kate) Holzhauser | 114,591,790 | 72.07% | 44,408,970 | 27.93% |
| Mary Ellen Lutey | 121,260,267 | 76.26% | 37,740,493 | 23.74% |
| Keith A. MacPhail | 105,729,342 | 66.50% | 53,271,418 | 33.50% |
| Ronald J Poelzer | 114,618,736 | 72.09% | 44,382,024 | 27.91% |
| Deborah S. Stone | 116,814,789 | 73.47% | 42,185,971 | 26.53% |
| Jonathan A Wright | 121,376,032 | 76.34% | 37,624,728 | 23.66% |
| Grant A. Zawalsky | 109,304,669 | 68.74% | 49,696,091 | 31.26% |
3. Appointment of auditors
By vote resolution, KPMG LLP, Chartered Professional Accountants, were appointed as NuVista’s auditors to serve until the close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to determine their compensation. The result of the vote was as follows:
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| vote for | percent | Voices Withheld |
percent |
| 151,628,827 | 95.15% | 7,722,057 | 4.85% |
4. Non-binding advisory decision on executive compensation
An advisory vote approved NuVista’s approach to executive compensation. The result of the vote was as follows:
| vote for | percent | Voices Against |
percent |
| 120,962,396 | 76.08% | 38,038,364 | 23.92% |
5. Approval of the amended and restated stock option plan
A vote approved the amendments to NuVista’s stock option plan, which are intended, among other things, to increase the number of shares issuable under this plan. The result of the vote was as follows:
| vote for | percent | Voices Against |
percent |
| 112,365,595 | 70.67% | 46,635,165 | 29.33% |
INFORMATION FOR INVESTORS
NuVista is an independent Canadian oil and natural gas exploration, development and production company whose common shares trade on the Toronto Stock Exchange under the symbol “NVA”.
NuVista is an oil and natural gas company actively engaged in the exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. Our primary focus is the scalable and repeatable condensate-rich Montney Formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.
FOR MORE INFORMATION CONTACT:
| Jonathan A Wright | Ivan J. Condic | Mike J Lawford |
| CEO | Vice President, Finance and CFO | President and COO |
| (403) 538-8501 | (403) 538-1954 | (403) 538-1936 |
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