Oryx Petroleum Announces Election of Directors and Amendments to By-Laws
CALGARY, May 13, 2015 /CNW/ - 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:
| Nominee |
Votes For |
Votes Withheld |
||
| Richard Alexander |
102,944,081 |
99.6% |
367,286 |
0.4% |
| David Codd |
102,902,414 |
99.6% |
408,953 |
0.4% |
| Michel Contie |
103,047,781 |
99.7% |
263,586 |
0.3% |
| Michael Ebsary |
103,061,123 |
99.8% |
250,244 |
0.2% |
| Jean Claude Gandur |
102,119,244 |
98.9% |
1,192,123 |
1.1% |
| Evan Hazell |
103,065,990 |
99.8% |
245,377 |
0.2% |
| Gerald Macey |
103,065,990 |
99.8% |
245,377 |
0.2% |
| Peter Newman |
103,071,990 |
99.8% |
239,377 |
0.2% |
Percentages in the table 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.
ABOUT ORYX PETROLEUM CORPORATION LIMITED
Oryx Petroleum is an international oil exploration, development and production company focused in Africa and the Middle East. The Corporation's shares are listed on the Toronto Stock Exchange under the symbol "OXC". The Oryx Petroleum group of companies was founded in 2010 by The Addax and Oryx Group P.L.C. and key members of the former senior management team of Addax Petroleum Corporation. Oryx Petroleum has interests in seven license areas, two of which have yielded oil discoveries and five of which management of Oryx Petroleum believe are prospective for oil. The Corporation is the operator or technical partner in five of the seven license areas. Two license areas are located in the Kurdistan Region and the Wasit governorate (province) of Iraq and five license areas are located in West Africa in Nigeria, the AGC administrative area offshore Senegal and Guinea Bissau, and Congo (Brazzaville). Further information about Oryx Petroleum is available at www.oryxpetroleum.com or under Oryx Petroleum's profile at www.sedar.com.
SOURCE Oryx Petroleum Corporation Limited
about Oryx Petroleum, please contact: Craig Kelly, Chief Financial Officer, Tel.: +41 (0) 58 702 93 23, [email protected]; Scott Lewis, Head of Corporate Finance, Tel.: +41 (0) 58 702 93 52, [email protected]
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