Jun 14, 2019   SOURCE: PR NewsWire

Crescent Point Announces Annual General Meeting Results

CALGARY, June 14, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) held its Annual General Meeting ("AGM" or "the meeting") on June 14, 2019.

During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the "Board") and approved all other items of business brought before the meeting. Voting results for all resolutions are below.

1. Fixing the Number of Directors

The appointment of 10 Board members for the ensuing year was approved by a show of hands. Votes were received as follows:

     
       
            Votes For Percent 
     
      Against  Percent

           ---

       
        237,403,335      97.53%     6,004,591    2.47%

           ---

2. Election of Directors

The 10 director nominees were elected by a show of hands. Votes were received as follows:

                     Nominee 
     
      Votes For  Percent  
     
      Withheld  Percent

    ---


       Craig Bryksa             237,397,239   97.53%      6,010,687     2.47%



       Laura A. Cillis          236,634,172   97.22%      6,773,754     2.78%



       James E. Craddock        236,395,822   97.12%      7,012,104     2.88%



       John Dielwart            228,879,298   94.03%     14,528,628     5.97%



       Ted Goldthorpe           236,414,938   97.13%      6,992,988     2.87%


        Robert F. Heinemann      234,579,155   96.37%      8,828,771     3.63%



       Mike Jackson             236,334,233   97.09%      7,073,693     2.91%



       Jennifer F. Koury        236,770,229   97.27%      6,637,697     2.73%



       François Langlois        236,212,160   97.04%      7,195,766     2.96%



       Barbara Munroe           236,400,163   97.12%      7,007,763     2.88%

    ---

3. Appointment of Auditors

The appointment of PricewaterhouseCoopers LLP as Crescent Point's auditor was approved by a show of hands. Votes were received as follows:

     
       
              Votes For Percent   Against Percent

           ---

       
         257,072,192       97.39% 6,877,153    2.61%

           ---

4. Reduction in Stated Capital

The resolution approving a reduction in the stated capital account maintained in respect of the common shares of the Company by $6 billion was approved by a show of hands. Votes were received as follows:

     
       
              Votes For Percent   Against Percent

           ---

       
         237,809,369       97.70% 5,598,556    2.30%

           ---

5. Advisory Vote on Executive Compensation

The resolution to accept the Company's approach to executive compensation, the full text of which is set forth in the Information Circular, was approved. Votes were received as follows: 

     
       
              Votes For Percent 
     
       Against  Percent

           ---

       
         213,091,322       87.54%     30,336,579   12.46%

           ---

The biographies of Crescent Point's Board members, details about its governance practices and a recorded webcast from the meeting earlier today are available on www.crescentpointenergy.com.

Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a responsible and sustainable manner.

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or

Shant Madian, Vice President, Investor Relations and Corporate Communications

Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403) 693-0070

Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue S.W. Calgary AB T2P 1G1

www.crescentpointenergy.com

Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.

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SOURCE Crescent Point Energy Corp.