IPC Announces 2024 Annual General Meeting Voting Results

May 08, 2024


IPC Announces 2024 Annual General Meeting Voting Results

May 08, 202483.36 KB

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation’s 2024 Annual General Meeting of Shareholders held on May 8, 2024 in Calgary, Alberta (the Meeting).

Number of Directors

The number of Directors of the Corporation was set at eight.

Votes For% ForVotes Against% Against

Election of Directors

The six nominees listed in the Corporation’s management information circular dated March 24, 2023 (the Circular) were elected as Directors of the Corporation to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless the office is earlier vacated, as described in the Circular.

NomineeVotes For% ForVotes Withheld% Withheld
C. Ashley Heppenstall61,390,66198.10%1,187,5871.90%
William Lundin62,290,86899.54%287,3800.46%
Chris Bruijnzeels62,177,25599.36%400,9930.64%
Donald Charter55,737,08589.07%6,841,16310.93%
Lukas H. (Harry) Lundin62,240,04599.46%338,2030.54%
Emily Moore62,366,18799.66%212,0610.34%
Mike Nicholson62,241,07799.46%337,1710.54%
Deborah Starkman62,549,03699.95%29,2120.05%

Appointment of Auditor

PricewaterhouseCoopers SA was appointed as auditor of the Corporation until the next annual meeting of shareholders and the Directors of the Corporation were authorized to fix the auditor’s remuneration.

Votes For% ForVotes Withheld% Withheld

In consultation with PricewaterhouseCoopers SA, the Corporation’s Board of Directors has approved the transition to PricewaterhouseCoopers' Canadian audit firm given the Corporation's jurisdiction of formation and status as a Canadian reporting issuer. As a result, PricewaterhouseCoopers SA has declined to accept the appointment as auditor of the Corporation and the Board has appointed PricewaterhouseCoopers LLP, based in Calgary, Canada, to hold office as the Corporation's auditor until the next annual meeting of shareholders. PricewaterhouseCoopers LLP has consented to act as auditor of the Corporation.

The Corporation confirms that there were no reservations or modified opinions in the reports of PricewaterhouseCoopers SA reports on the Corporation’s audited consolidated financial statements for the two most recently completed financial years ended December 31, 2023 and December 31, 2022. There were no "reportable events" including "disagreements", "consultations", or "unresolved issues" (each as defined in National Instrument 51-102 – Continuous Disclosure Obligations (NI 51-102)) between the Corporation and PricewaterhouseCoopers SA. In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, were previously filed by Corporation on SEDAR+.