Oryx Petroleum Announces Election of Directors and Amendments to By-Laws
13 May 2015
Calgary, Alberta, May 13, 2015
Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) announced today that the nominees listed in its Management Proxy Circular dated March 18, 2015 were elected as directors of Oryx Petroleum. Detailed results of the vote for the election of directors held earlier today in Toronto at Oryx Petroleum’s Annual Meeting of Shareholders are set out below.
Election of Directors
Each of the following eight nominees proposed by management was elected as a director of Oryx Petroleum on a vote by show of hands. All candidates were elected by a majority of the shareholders present in person or represented by proxy. The proxies received by management with respect to the election of directors were as follows:
Nominees
Richard Alexander
- Votes For: 102,944,081 99.6%
- Votes Withheld: 367,286 0.4%
David Codd
- Votes For: 102,902,414 99.6%
- Votes Withheld: 408,953 0.4%
Michel Contie
- Votes For: 103,047,781 99.7%
- Votes Withheld: 263,586 0.3%
Michael Ebsary
- Votes For: 103,061,123 99.8%
- Votes Withheld: 250,244 0.2%
Jean Claude Gandur
- Votes For: 102,119,244 98.9%
- Votes Withheld: 1,192,123 1.1%
Evan Hazell
- Votes For: 103,065,990 99.8%
- Votes Withheld: 245,377 0.2%
Gerald Macey
- Votes For: 103,065,990 99.8%
- Votes Withheld: 245,377 0.2%
Peter Newman
- Votes For: 103,071,990 99.8%
- Votes Withheld: 239,377 0.2%
Percentages above represent the votes for or withheld, as applicable, cast by proxy, as a percentage of all votes cast at the meeting by shareholders present in person or represented by proxy.
By-Law Amendments
Oryx Petroleum also announced that, at the Annual Meeting of Shareholders held earlier today, shareholders confirmed amendments to the Corporation’s By-Law Number 1 (the “By-Law Amendments”), which were originally adopted by Oryx Petroleum’s board of directors on March 18, 2015 and, among other things, establish a framework for advance notice of nominations of directors by shareholders of Oryx Petroleum.
The By-Law Amendments fix a deadline by which shareholders must submit notice of director nominations to the Corporation prior to any annual or special meeting of shareholders where directors are to be elected, and sets forth the information a shareholder must include in the notice for the notice to be valid. In the case of an annual meeting of shareholders, notice to the Corporation must, in most instances, be given not less than 30 days prior to the date of the annual meeting.
The By-Law Amendments also clarify certain matters related to meetings of the Corporation’s shareholders which are consistent with evolving corporate governance practices.
The full text of the Amended and Restated By-Law Number 1 is provided in Oryx Petroleum’s Management Proxy Circular dated March 18, 2015 and has also been filed under the Corporation’s profile at www.sedar.com.
Final voting results on all matters voted on at the Annual Meeting of Shareholders will be filed under the Corporation’s profile at www.sedar.com.
Oryx_Petroleum_Press_Release_(Voting_Results).pdf