CALGARY, AB,
June 29,
2022 /CNW/ - Western Energy Services Corp.
("Western" or the "Company") (TSX: WRG) today announces the
director election results from its 2022 annual meeting of
shareholders held on June 29, 2022.
According to the proxies received and ballots cast at the meeting,
the following seven nominees were elected as directors to hold
office until the next annual meeting of shareholders or until their
successors are elected or appointed, unless such office is earlier
vacated in accordance with the by-laws of the Company:
Nominee
|
# Votes
For
|
% Votes
For
|
# Votes
Withheld
|
% Votes
Withheld
|
Trent Boehm
|
3,316,281,413
|
90.92 %
|
331,129,470
|
9.08 %
|
Colleen
Cebuliak
|
3,314,564,113
|
90.87 %
|
332,846,770
|
9.13 %
|
Tomer Cohen
|
3,510,443,840
|
96.24 %
|
136,967,043
|
3.76 %
|
Lorne A.
Gartner
|
3,304,793,808
|
90.61 %
|
342,617,075
|
9.39 %
|
Alex R.N.
MacAusland
|
2,678,772,414
|
73.44 %
|
968,638,469
|
26.56 %
|
Ronald P.
Mathison
|
3,278,398,192
|
89.88 %
|
369,012,691
|
10.12 %
|
John R.
Rooney
|
3,304,763,494
|
90.61 %
|
342,647,389
|
9.39 %
|
Western wishes to warmly recognize the service of two directors
who did not stand for re-election at this meeting. Donald D. Copeland served as a director of
Western since 2011. His extensive background and experience, in the
drilling industry, in other oilfield services, and in hydrocarbon
exploration and production, have proven invaluable to the Company
for more than a decade. Mr. George S.
Armoyan and his family represent the second-largest
shareholder of Western. He is a seasoned investor and entrepreneur,
with significant expertise in real estate, oil and gas and oilfield
services. Mr. Armoyan has been well-engaged in the recent
transformative transactions at Western.
The full results on all matters voted upon at the meeting will
be filed on Western's profile on SEDAR (www.sedar.com).
In addition, the resolution to approve a consolidation of
Western's common shares was approved by 90.79% of the votes cast at
the meeting. The resolution authorized Western to effect a
consolidation at a ratio, to be determined by Western's directors,
of between 75 and 120 pre-consolidation shares to one
post-consolidation share. The resolution also granted the directors
the discretion to determine not to proceed with the consolidation.
Western expects that its board will meet to determine whether to
proceed with the consolidation, and if it determines to proceed,
the final consolidation ratio and the effective date for the
consolidation. Western will issue a further news release following
these determinations.
Western is a progressive energy service company which provides
contract drilling services through its division, Horizon Drilling
in Canada, and its wholly owned
subsidiary, Stoneham Drilling Corporation in the United States. Additionally, Western
provides production services in Canada through its wholly owned subsidiary
Western Production Services Corp. and through its division Eagle
Well Servicing which provides well servicing and its division Aero
Rental Services which provides oilfield rental services.
SOURCE Western Energy Services Corp.