CALGARY, May 11, 2018 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on May 11, 2018, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2018 Annual and Special Meeting and Management Proxy Circular dated April 6, 2018 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.

1. Appointment of Auditor

By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed as auditor of Obsidian Energy for the ensuing year. 

2. Election of Directors

By resolutions passed by ballot vote, the following ten nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

John Brydson

208,268,944

94.18%

12,860,588

5.82%

Raymond D. Crossley

173,540,960

78.48%

47,588,572

21.52%

Michael J. Faust

212,121,534

95.93%

9,007,998

4.07%

David L. French

173,797,525

78.60%

47,332,007

21.40%

William A. Friley

173,503,281

78.46%

47,626,251

21.54%

Maureen Cormier Jackson

172,937,537

78.21%

48,191,995

21.79%

Edward H. Kernaghan

182,654,664

82.60%

38,474,868

17.40%

Stephen Loukas

212,872,911

96.27%

8,256,621

3.73%

Gordon Ritchie

205,028,443

92.72%

16,101,089

7.28%

Jay W. Thornton

190,613,504

86.20%

30,516,028

13.80%

 

3. Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation

By resolution passed by ballot vote, an advisory resolution was passed to approve the Company's approach to executive compensation as outlined in the Information Circular.  The results of the ballot were as follows: 

Votes For

Percent

Votes Withheld

Percent

174,340,867

78.84%

46,786,538

21.16%

 

Obsidian Energy shares are listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "OBE".

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SOURCE Obsidian Energy Ltd.