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Parex Resources Announces Voting Results of Shareholders’ Meeting

Parex Resources Inc.
·2-min read
Parex Resources Inc.
Parex Resources Inc.

CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 9, 2024, it held its annual general and special meeting of shareholders (the “Meeting”) and all matters presented for approval have been fully authorized and approved.

At the Meeting, shareholders approved the election of nine nominees as directors of Parex to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the ballot were as follows:

Director

VOTES IN FAVOR

VOTES WITHHELD

Number

Percentage

Number

Percentage

Lynn Azar

73,000,220

99.50%

369,436

0.50%

Lisa Colnett

72,994,389

99.49%

375,267

0.51%

Sigmund Cornelius

73,091,567

99.62%

278,089

0.38%

Robert Engbloom

71,428,645

97.35%

1,941,011

2.65%

Wayne Foo

72,286,211

98.52%

1,083,445

1.48%

G.R. (Bob) MacDougall

73,005,189

99.50%

364,467

0.50%

Glenn McNamara

72,384,630

98.66%

985,026

1.34%

Imad Mohsen

73,114,519

99.65%

255,137

0.35%

Carmen Sylvain

72,353,506

98.62%

1,016,150

1.38%


In addition, a non-binding advisory resolution concerning the Company's approach to executive compensation was approved. The results of the ballot were as follows:

VOTES FOR

Number

Percentage

70,108,407

95.56%


Full voting results on all matters considered at the Meeting are available on the Company’s profile on SEDAR+ (www.sedarplus.ca).

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About Parex Resources Inc.

Parex is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.

For more information, please contact:

Mike Kruchten
Senior Vice President, Capital Markets & Corporate Planning
Parex Resources Inc.
403-517-1733
investor.relations@parexresources.com

Steven Eirich
Investor Relations & Communications Advisor
Parex Resources Inc.
587-293-3286
investor.relations@parexresources.com

NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES

PDF available: http://ml.globenewswire.com/Resource/Download/b9d43e29-328d-407f-b103-66dbbd899bf1