NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN UNITED STATES
PIERIDAE ANNOUNCES VOTING RESULTS REPORT
FOLLOWING ITS ANNUAL AND SPECIAL SHAREHOLDER MEETING
(Section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations)
CALGARY, ALBERTA – May 28, 2021 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced that, in accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations, the Company released its Voting Results Report that briefly describes the matters voted upon and the outcome of the votes at the Annual and Special Meeting of Shareholders (the “Meeting”) of Pieridae held on May 27, 2021 in a virtual-only format. Each of the matters acted upon at the Meeting is described below and in greater detail in the 2021 Notice of Annual Meeting of Shareholders and Management Information Circular dated April 16, 2021, a copy of which is available on SEDAR.
Matters to be Acted Upon:
1. Number of Directors: By a resolution passed by ballot, the number of directors of the Company to be elected at the Meeting was approved at eight. Proxies were received in the matter as follows:
2. Election of Directors: By resolution passed by ballot, the following eight nominees were each elected as a director of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the vote were as follows:
3. Appointment of Auditors: By a resolution passed by ballot, Ernst & Young LLP was appointed as the auditors of the Company to hold office until close of the next annual meeting of shareholders of the Company. Proxies were received in the matter as follows:
4. Amended and Restated Stock Option Plan: By a resolution passed via ballot, the amended and restated stock option plan, as described in Schedule A attached to the Management Information Circular, was ratified, confirmed and approved. Proxies were received in the matter as follows:
Following the Meeting, the board of directors approved the reorganization of its committees, including the establishment of a new Governance and ESG Committee, and a new Compensation and Nomination Committee, as well as revamping its Audit Committee and Reserves & HSE Committee. This decision to move from three to four committees reflects the Company’s increased focus on ESG matters, which will also be reflected as Pieridae is set to release its inaugural ESG Report in the next few weeks.
About Pieridae:
Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of integrated energy-related activities, from the exploration and extraction of natural gas to the development, construction and operation of the Goldboro LNG facility and the production of LNG for sale to Europe and other markets. Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. After completion of all the transactions disclosed in this news release, Pieridae has 157,641,871 common shares issued and outstanding which trade on the TSX (“PEA.TO”).
For further information please contact:
Alfred Sorensen, Chief Executive Officer
Telephone: (403) 261-5900
Rob Dargewitcz, Chief Financial Officer
Telephone: (403) 261-5900
James Millar, Director, External Relations
Telephone: (403) 261-5900