Valeura Energy Secures Shareholder Approval for Key Proposals
Valeura Energy's Successful Shareholder Meeting Results
CALGARY, Alberta — Valeura Energy Inc. (TSX: VLE, OTCQX: VLERF), a Canadian upstream oil and gas company, recently celebrated successful outcomes from its annual general meeting held on a significant date. This gathering reflected strong shareholder engagement and confidence in the company's strategic direction.
Key Proposals Approved by Shareholders
During this pivotal meeting, shareholders had the opportunity to cast their votes on crucial proposals that would shape the future of Valeura. The two main proposals that received overwhelming approval included: (1) appointing Deloitte & Touche LLP (Singapore) as the auditors for the Corporation and (2) electing the directors who will guide Valeura's governance and operational strategies.
Election of Directors Results
The voting results showcased strong support for the directors nominated to steer Valeura's future. The results of the elections revealed a solid endorsement from the shareholders, with all directors receiving majority support. Here is a detailed summary of the voting outcomes:
Overview of Voting Results
The following table represents the nomination outcomes for each director:
- Dr. W. Sean Guest — For: 54,931,122, Withheld: 1,177, Total Votes: 54,932,299
- Dr. Timothy R. Marchant — For: 54,415,326, Withheld: 516,973, Total Votes: 54,932,299
- James D. McFarland — For: 39,288,880, Withheld: 15,643,419, Total Votes: 54,932,299
- Russell J. Hiscock — For: 54,905,008, Withheld: 27,291, Total Votes: 54,932,299
- Timothy N. Chapman — For: 54,931,127, Withheld: 1,172, Total Votes: 54,932,299
- Lina Lee — For: 54,904,571, Withheld: 27,728, Total Votes: 54,932,299
- Anna Green — For: 54,905,564, Withheld: 26,735, Total Votes: 54,932,299
- Chalermchai Mahagitsiri — For: 43,040,694, Withheld: 11,891,605, Total Votes: 54,932,299
About Valeura Energy
Valeura Energy Inc. is dedicated to exploring and producing oil and natural gas, primarily focusing on assets in Southeast Asia, including Thailand and Türkiye. The company aims to foster a growth-oriented strategy that not only enhances its asset portfolio but also demonstrates a commitment to environmental, social, and governance responsibilities. Valeura is determined to create value for its stakeholders through sustainable growth practices.
Contact Information
For general inquiries, Valeura Energy can be reached at +65 6373 6940. Sean Guest serves as the President and CEO, while Yacine Ben-Meriem is the CFO. Reach out via email at Contact@valeuraenergy.com.
For media and investor inquiries, please contact +1 403 975 6752 / +44 7392 940495. Robin James Martin is the Vice President of Communications and Investor Relations, and can also be contacted via email at IR@valeuraenergy.com.
Frequently Asked Questions
What are the main outcomes of Valeura Energy's shareholder meeting?
Shareholders approved key proposals including the appointment of auditors and the election of directors, showing strong confidence in the company's leadership.
What is Valeura Energy's focus area for exploration?
Valeura primarily focuses on exploration and production in the Gulf of Thailand and the Thrace Basin of Türkiye.
How many votes were cast for Dr. W. Sean Guest?
Dr. W. Sean Guest received 54,931,122 votes in favor, reflecting robust support from shareholders.
Who is responsible for investor relations at Valeura?
Robin James Martin is the Vice President, Communications and Investor Relations, overseeing investor engagement.
How does Valeura Energy position itself regarding ESG responsibilities?
Valeura is committed to adhering to high standards of environmental, social, and governance principles, aligning growth with sustainability.
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