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High Arctic Energy Services Inc (2)
Symbol HWO
Shares Issued 48,733,145
Close 2022-05-13 C$ 1.56
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High Arctic shareholders approve all AGM matters

2022-05-13 22:21 ET - News Release

Mr. Michael Binnion reports

HIGH ARCTIC ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

High Arctic Energy Services Inc. has released the results of the annual general and special meeting of the shareholders of High Arctic, held on May 12, 2022. Three shareholders holding a total of 32,257,636 common shares of the corporation were represented at the meeting in person or proxy, representing approximately 66.19 per cent of the total votes attached to all issued and outstanding common shares of the corporation as of the record date on April 7, 2022. All matters put forth at the meeting were approved.

In respect of the election of directors, the shareholders approved fixing the number of directors at six with each nominee named in the corporation's management information circular dated April 7, 2022, being considered for election as directors. The detailed results of the vote for the election of directors, which was conducted by ballot, are set out in the attached table.

        VOTING RESULTS FOR ELECTION OF DIRECTORS

                          Votes for         Votes withheld/
                                               abstained

Michael R. Binnion   98.87% (31,699,714)    1.13% (363,529)    
Simon P.D. Batcup    98.67% (31,636,292)    1.33% (426,951)    
Daniel J. Bordessa   97.90% (31,389,799)    2.10% (673,444)    
Joe Oliver           98.43% (31,560,646)    1.57% (502,597)    
Ember W.M. Shmitt    98.11% (31,456,107)    1.89% (607,136)    
Douglas J. Strong    98.65% (31,629,914)    1.35% (433,329)    

At the meeting, the shareholders also approved a resolution appointing KPMG LLP, chartered professional accountants, as auditor of the corporation and a resolution approving the unallocated options under the corporation's stock option plan.

About High Arctic Energy Services Inc.

High Arctic's principal focus is to provide drilling and specialized well completion services, equipment rentals, and other services to the oil and gas industry. High Arctic is a market leader, providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The Western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies.

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