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ARC RESOURCES LTD. ANNOUNCES APPROVAL OF RESOLUTIONS AT ANNUAL AND GENERAL MEETING OF SHAREHOLDERS

CALGARY, AB, May 10, 2024 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on May 10, 2024.

ARC Resources Ltd. logo (CNW Group/ARC Resources Ltd.)
ARC Resources Ltd. logo (CNW Group/ARC Resources Ltd.)

During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions:

1.     Resolution to appoint 10 board members, with 65.34 per cent to 99.79 per cent of shares represented at the Meeting voting in favour of individual directors as follows:

Directors

Approval Percentage


Withheld Percentage


Harold N. Kvisle

95.90 %


4.10 %


Carol T. Banducci

98.55 %


1.45 %


David R. Collyer

95.22 %


4.78 %


Hugh H. Connett                      

99.79 %


0.21 %


Michael R. Culbert

99.79 %


0.21 %


Michael G. McAllister

96.71 %


3.29 %


Marty L. Proctor

90.16 %


9.84 %


M. Jacqueline Sheppard

65.34 %


34.66 %


Leontine van Leeuwen-Atkins           

99.27 %


0.73 %


Terry M. Anderson

99.43 %


0.57 %


2.     Resolution to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Corporation's auditors, with 99.77 per cent of the shares represented at the Meeting voting in favour of the resolution.

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3.     Resolution to accept the Corporation's approach to executive compensation ("say on pay"), as disclosed in ARC's 2024 Information Circular – Proxy Statement, with 97.44 per cent of shares represented at the Meeting voting in favour of the advisory resolution.

About ARC

ARC Resources Ltd. is a pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

Please visit ARC's website at www.arcresources.com or contact Investor Relations:
E-mail: IR@arcresources.com
Telephone: (403) 503-8600
Fax: (403) 509-6427
Toll Free: 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 - 4 Avenue SW
Calgary, AB  T2P 0H7

SOURCE ARC Resources Ltd.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/10/c8176.html