Subjects: ANNUAL MEETINGS, BOARD OF DIRECTORS, SHAREHOLDER RIGHTS PLANS
Cenovus reports voting results of annual meeting of shareholders
CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater detail in the Corporation's 2024 Management Information Circular dated March 6, 2024.
Shareholders voted as follows on the matters before the meeting:
Appointment of Auditor PricewaterhouseCoopers LLP, Chartered Professional Accountants, was reappointed as auditor of the Corporation.
| Votes for | Votes withheld | ||
| Number | Percent | Number | Percent |
| 1,488,986,088 | 99.65 | 5,218,342 | 0.35 |
Election of Directors Each of the following thirteen nominees proposed by management were elected directors of the Corporation:
| Nominee | Votes for | Votes against | ||
| Number | Percent | Number | Percent | |
| Stephen E. Bradley | 1,457,070,734 | 99.83 | 2,503,482 | 0.17 |
| Keith M. Casey | 1,453,207,929 | 99.56 | 6,366,286 | 0.44 |
| Michael J. Crothers | 1,455,760,732 | 99.74 | 3,813,485 | 0.26 |
| James D. Girgulis | 1,081,360,201 | 74.09 | 378,214,014 | 25.91 |
| Jane E. Kinney | 1,451,313,033 | 99.43 | 8,254,047 | 0.57 |
| Eva L. Kwok | 1,397,978,373 | 95.78 | 61,587,456 | 4.22 |
| Melanie A. Little | 1,456,542,516 | 99.79 | 3,022,565 | 0.21 |
| Richard J. Marcogliese | 1,445,438,842 | 99.03 | 14,135,274 | 0.97 |
| Jonathan M. McKenzie | 1,457,327,836 | 99.85 | 2,246,379 | 0.15 |
| Claude Mongeau | 1,377,177,335 | 94.35 | 82,394,644 | 5.65 |
| Alexander J. Pourbaix | 1,426,261,125 | 97.72 | 33,312,853 | 2.28 |
| Frank J. Sixt | 1,173,365,475 | 80.39 | 286,208,403 | 19.61 |
| Rhonda I. Zygocki | 1,395,277,673 | 95.60 | 64,287,348 | 4.40 |
Cenovus welcomes Stephen E. Bradley to the Board of Directors. Mr. Bradley is a Director of CK Asset Holdings Limited, a publicly traded global property investment, development, management and utility infrastructure company, and Power Asset Holdings Limited, a publicly traded global energy investment company.
Cenovus would like to extend its sincere thanks and best wishes to Hal Kvisle and Wayne Shaw, who decided not to stand for re-election. Mr. Kvisle had been a Director of Cenovus since 2018 and Mr. Shaw joined the Board following the Husky transaction in 2021.
Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation An advisory resolution was passed to accept the Corporation's approach to executive compensation.
| Votes for | Votes against | ||
| Number | Percent | Number | Percent |
| 1,427,463,152 | 97.80 | 32,183,535 | 2.20 |
Shareholder Rights Plan A resolution was passed to amend and reconfirm the Corporation's shareholder rights plan.
| Votes for | Votes against | ||
| Number | Percent | Number | Percent |
| 1,409,329,267 | 96.55 | 50,316,622 | 3.45 |
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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Cenovus contacts
| Investors | Media |
| Investor Relations general line | Media Relations general line |
| 403-766-7711 | 403-766-7751 |
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