Petrowest Corporation Reports Annual Shareholder Meeting Voting Results
CALGARY, June 27, 2017 /CNW/ - Petrowest Corporation ("Petrowest" or the "Company") (TSX:PRW) announces that at its annual and special meeting of shareholders held on June 27, 2017, each of the nominees proposed by management as a director of the Company were elected as directors of the Company.
The detailed results of the vote by ballot are as follows:
| Name |
Votes For |
Votes Withheld |
| Roy Larson |
41,007,596 (59.87%) |
24,489,586 (40.13%) |
| Gerald A. Romanzin |
68,119,209 (99.45%) |
377,973 (0.55%) |
| Garry Wetsch |
56,433,302 (82.39%) |
12,063,880 (17.61%) |
| Sami Saad |
37,238,195 (54.36%) |
31,258,987 (45.64%) total 68,497,182 |
In addition, the issuance of shares that may be issuable pursuant to unallocated awards, including stock options, under the Company's Long Term Incentive Plan until June 27, 2020 was approved. The results of the vote by ballot are as follows:
| Votes For |
Votes Against |
|
| Approval of unallocated stock |
36,863,177 (53.82%) |
31,634,055 (46.18%) |
In addition, shareholders approved amending the articles of the Company to change of the name of Company to such name as the board of directors may determine in its sole discretion may determine. The results of the vote by ballot are as follows:
| Votes For |
Votes Against |
|
| Approval to amend the articles of |
68,352,246 (99.66%) |
233,705 (0.34%) |
In addition, the shareholders also approved the appointment of Deloitte LLP, Chartered Professional Accountants, as auditors for the ensuing year.
ABOUT PETROWEST
Petrowest is a diversified infrastructure company with primary operations based in northeastern British Columbia and Alberta. Petrowest's operations are focused on industrial and civil infrastructure projects, gravel crushing and hauling activities, as well as pre-drilling and post-completion energy services.
SOURCE Petrowest Corporation
please contact Nikolaus Kiefer, Vice President of Business Development & Investor Relations at (403) 384-0405 or info@petro‐west.com.
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