EX-99.1 2 exhib99_1.htm EXHIBIT 99.1

EXHIBIT 99.1
 
 




PRESS RELEASE
CRESCENT POINT ANNOUNCES ANNUAL GENERAL MEETING VOTING RESULTS

May 24, 2017 CALGARY, ALBERTA. Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) held its annual general meeting on May 24, 2017, in Calgary. Approximately 247 million shares, representing 45.25% of common shares, were represented in person or by proxy at the meeting.

During the regular business proceedings at the meeting, shareholders approved the election of all nominated directors.

Full voting results for all resolutions are below. For comparison, the Company has also included the voting results in favour of resolutions that were passed at last year's annual general meeting, which had 46.84% of common shares represented in person or by proxy.

1.
Fixing Number of Directors
The appointment of 10 board members for the ensuing year was approved by a show of hands. Proxies and in‑person votes were received as follows:

 
Votes For
 
 
 
Percent
 
 
Against
 
 
Percent
 
 
2016 Votes For
 
 
244,038,359
 
 
 
99.02%
 
 
2,423,725
 
 
0.98%
 
 
99.68%
 

2.
Election of Directors
The 10 director nominees proposed by management were elected by a show of hands. Proxies and in-person votes were received as follows:

 
Nominee
 
 
Votes For
 
 
Percent
 
 
Withheld
 
 
Percent
 
 
2016 Votes For
 
Rene Amirault
 
225,222,556
 
 
91.96%
 
 
19,692,511
 
 
8.04%
 
78.43%
Peter Bannister
 
228,096,881
 
 
93.13%
 
 
16,818,186
 
 
6.87%
 
98.53%
Laura A. Cillis
 
230,027,638
 
 
93.92%
 
 
14,887,429
 
 
6.08%
 
89.49%
D. Hugh Gillard
 
225,870,725
 
 
92.22%
 
 
19,044,342
 
 
7.78%
 
88.46%
Ted Goldthorpe
 
240,695,393
 
 
98.28%
 
 
4,219,674
 
 
1.72%
 
N/A
Robert F. Heinemann
 
222,532,395
 
 
90.86%
 
 
22,382,672
 
 
9.14%
 
89.29%
Mike Jackson
 
232,957,004
 
 
95.12%
 
 
11,958,063
 
 
4.88%
 
N/A
Barbara Munroe
 
229,394,691
 
 
93.66%
 
 
15,520,376
 
 
6.34%
 
99.59%
Gerald A. Romanzin
 
235,966,066
 
 
96.35%
 
 
8,949,001
 
 
3.65%
 
98.68%
Scott Saxberg
 
230,364,374
 
 
94.06%
 
 
14,550,693
 
 
5.94%
 
97.04%
3.
Appointment of Auditors
The appointment of PricewaterhouseCoopers LLP as Crescent Point's auditors was approved by a show of hands. Proxies and in-person votes were received as follows:

 
Votes For
 
 
 
Percent
 
 
Withheld
 
 
Percent
 
 
2016 Votes For
 
 
244,568,538
 
 
 
99.23%
 
 
1,893,546
 
 
0.77%
 
 
99.31%
 

 

4.
Advisory Vote on Executive Compensation
The resolution to accept the Company's approach to executive compensation, the full text of which is set forth in the Information Circular, was approved. Proxies and in-person votes were received as follows:

 
Votes For
 
 
 
Percent
 
 
Against
 
 
Percent
 
 
2016 Votes For
 
 
211,568,818
 
 
 
86.36%
 
 
33,422,825
 
 
13.64%
 
 
31.00%
 

"Throughout 2016, our Board and Compensation Committee worked with shareholders and incorporated their feedback in our revised compensation plan," said Scott Saxberg, president and CEO of Crescent Point. "We remain committed to being transparent and accountable with our investors and value ongoing feedback."

The biographies of Crescent Point's board members and more details about the Company's corporate governance practices are available on www.crescentpointenergy.com.

Crescent Point is one of Canada's largest light and medium oil producers, based in Calgary, Alberta. The Company is focused on growing its significant resource base in the Williston Basin, southwest Saskatchewan and the Uinta Basin in Utah. Crescent Point strives to maximize shareholder returns through its total return strategy of long-term growth plus dividend income.

CRESCENT POINT ENERGY CORP.

Scott Saxberg,
President and Chief Executive Officer
FOR MORE INFORMATION ON CRESCENT POINT, PLEASE CONTACT:
Ken Lamont, Chief Financial Officer, or Brad Borggard, Vice President, Corporate Planning and Investor Relations
Telephone:
(403) 693-0020
Toll-free (US & Canada): 888-693-0020
Fax:
(403) 693-0070
Website: www.crescentpointenergy.com


Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.
 
Crescent Point Energy Corp.
Suite 2000, 585 - 8th Avenue S.W.
Calgary, Alberta T2P 1G1