Poll results of the Annual General Meeting of Shareholders held on June 30, 2016 (Hong Kong time) and June 29, 2016 (Calgary time)
Reference is made to the notice of the annual general meeting of shareholders (the “Meeting”) of Sunshine Oilsands Ltd. (the “Corporation”) and the accompanying form of proxy both dated May 31, 2016 (the “Notice”).
Reference is made to the notice of the annual general meeting of shareholders (the “Meeting”) of Sunshine Oilsands Ltd. (the “Corporation”) and the accompanying form of proxy both dated May 31, 2016 (the “Notice”).
Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Corporation’s management information circular dated May 31, 2016 (the “Circular).
The board of directors (the “Board”) of the Corporation is pleased to announce that the resolutions, as set out in the Notice subject to the next following paragraph, were duly passed by the shareholders of the Corporation (the “Shareholders”) by way of poll at the Meeting held on June 30, 2016 (Hong Kong time) and June 29, 2016 (Calgary time). Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Corporation, was appointed as the scrutineer for the vote-taking at the Meeting.
Poll results in respect of all the resolutions proposed at the Meeting are set out below:
Ordinary Resolution |
Number of Votes (%) |
Total Voting Rights |
|
For |
Against |
||
1. To approve the fixing the number of directors to be elected at the Meeting at eleven (11) |
1,260,047,472 (99.999940%) |
750 |
1,260,048,222 |
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total Voting Rights |
|
For |
Withheld |
||
2. To elect the following directors for the ensuing year: |
|||
|
1,259,621,222 |
0 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,256,610,822 (99.761008%) |
3,010,400 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,610,072 (99.999115%) |
11,150 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,620,472 (99.999940%) |
750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,620,472 (99.999940%) |
750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,256,610,072 |
3,011,150 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,256,620,472 |
3,000,750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,620,472 |
750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,621,222 |
0 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,620,472 |
750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
|||
|
1,259,620,472 |
750 |
1,259,621,222 |
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total Voting Rights |
|
For |
Against |
||
|
1,260,053,222 |
0 |
1,260,053,222 |
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total Voting Rights |
|
For |
Against |
||
4. To approve a proposal for the Corporation to grant to the Board a general mandate to allot, issue and otherwise deal with un-issued Shares not exceeding twenty percent (20%) of its issued share capital, as more particularly described in the Circular. |
1,256,717,875 |
3,335,347 |
1,260,053,222 |
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total Voting Rights |
|
For |
Against |
||
5. To approve a proposal for the Corporation to grant to the Board a general mandate to repurchase Shares not exceeding ten percent |
1,260,053,222 |
0 |
1,260,053,222 |
The resolution was duly passed as an ordinary resolution. |
As at June 30, 2016 (Hong Kong time)/ June 29, 2016 (Calgary time), the total number of shares of the Corporation was 4,430,702,437 Shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions proposed at the Meeting. There were no restrictions on the holders of the Shares to attend and vote for or against the resolutions proposed at the Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of any of the resolutions at the Meeting as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”). No Shareholder was required under the Listing Rules to abstain from voting for approving the resolutions proposed at the Meeting. No parties indicated in the Circular that they intended to vote against or to abstain from voting on any resolutions at the Meeting.
By Order of the Board of Sunshine Oilsands Ltd.
Kwok Ping Sun
Executive Chairman