MEG Energy Reports 2025 Director Election Voting Results

Canada NewsWire

CALGARY, AB, May 6, 2025

CALGARY, AB, May 6, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) is pleased to announce that at its annual meeting of shareholders held on May 6, 2025 (the "Meeting"), all resolutions were approved as follows:

Election of Directors

Each of the ten (10) nominees listed in its Management Information Circular dated March 17, 2025, were elected as directors. The results of the shares voted in respect of the election of each director are set out below.

 
                        Votes FOR           Votes WITHHELD 
Nominee                 #            %      #           % 
Gary A. Bosgoed         168,555,986  99.74     444,378  0.26 
Darlene M. Gates        168,623,989  99.78     376,375  0.22 
Robert B. Hodgins       168,030,898  99.43     969,466  0.57 
Kim Lynch Proctor       167,604,840  99.17   1,395,524  0.83 
Susan M. MacKenzie      164,166,787  97.14   4,833,577  2.86 
Michael G. McAllister   168,873,187  99.92     127,177  0.08 
Jeffrey J. McCaig       166,590,826  98.57   2,409,538  1.43 
James D. McFarland      168,039,904  99.43     960,460  0.57 
Diana J. McQueen        168,326,540  99.60     673,824  0.40 
Robert R. Rooney        168,664,567  99.80     335,797  0.20 
 

Appointment of Auditor

An ordinary resolution was passed approving the appointment of PricewaterhouseCoopers LLP as auditor of the Corporation for the ensuing year at such remuneration as the directors of the Corporation may determine.

 
Votes FOR           Votes WITHHELD 
#            %      #           % 
169,866,752  96.54  6,082,103   3.46 
 

Approval of Unallocated Treasury-Settled Restricted Share Units

An ordinary resolution was passed approving all unallocated restricted share units under the Corporation's Treasury-Settled Restricted Share Unit Plan. The voting results were as follows:

 
Votes FOR           Votes WITHHELD 
#            %      #           % 
162,564,673  96.19  6,435,691   3.81 
 

Non-Binding Advisory Vote on Approach to Executive Compensation

An advisory resolution was passed accepting the Corporation's approach to executive compensation. The voting results were as follows:

 
Votes FOR           Votes WITHHELD 
#            %      #           % 
165,031,324  97.65  3,969,040   2.35 
 

Full voting results for the meeting are also available on SEDAR+ at www.sedarplus.ca.

About MEG

MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG).

Learn more at www.megenergy.com.

For further information, please contact:

Investor Relations

T 403.767.0515

E invest@megenergy.com

Media Relations

T 403.775.1131

E media@megenergy.com

SOURCE MEG Energy Corp.

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May 06, 2025 19:17 ET (23:17 GMT)