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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Pembina Pipeline Corporation Reports Voting Results from 2025 Annual Meeting of Shareholders

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the voting results from its annual meeting of shareholders held virtually on May 9, 2025 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 20, 2025 (the "Information Circular"), which is available on the Company's website under 'Investors – Presentations & Events' at www.pembina.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250509202919/en/

A total of 368,964,506 common shares representing 63.54 percent of the Company's issued and outstanding common shares were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:

1. Election of Directors

The following 11 nominees were appointed as directors of Pembina to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed:

Nominee

 

Votes in Favour

 

Votes Withheld

 

 

Percentage

 

Number

 

Percentage

 

Number

Anne-Marie N. Ainsworth

 

97.42%

 

346,053,335

 

2.58%

 

9,147,028

J. Scott Burrows

 

99.59%

 

353,751,053

 

0.41%

 

1,449,311

Cynthia Carroll

 

97.73%

 

347,143,476

 

2.27%

 

8,056,888

Alister Cowan

 

99.82%

 

354,553,317

 

0.18%

 

647,046

Ana Dutra

 

99.34%

 

352,858,060

 

0.66%

 

2,342,303

Maureen E. Howe

 

98.19%

 

348,774,032

 

1.81%

 

6,426,331

David M.B. LeGresley

 

94.64%

 

336,170,044

 

5.36%

 

19,030,319

Andy J. Mah

 

98.55%

 

350,033,353

 

1.45%

 

5,167,010

Leslie A. O'Donoghue

 

95.58%

 

339,517,640

 

4.42%

 

15,682,723

Bruce D. Rubin

 

98.31%

 

349,185,693

 

1.69%

 

6,014,670

Henry W. Sykes

 

97.95%

 

347,919,660

 

2.05%

 

7,280,704

2. Appointment of Auditors

KPMG LLP, Chartered Accountants, were appointed to serve as the auditors of the Company until the next annual meeting, at remuneration to be fixed by the directors on the recommendation of the Audit Committee. The resolution was approved with approximately 89.36 percent of votes cast in favor.

3. Approval of Continuing the Company's Shareholder Rights Plan

On an ordinary resolution to continue the Company's shareholder rights plan as disclosed in the Information Circular was approved with approximately 93.69 percent of votes cast in favour.

4. Acceptance of Company's Approach to Executive Compensation

On an advisory basis and not to diminish the role and responsibility of the board of directors, the approach to executive compensation as disclosed in the Information Circular was approved with approximately 96.74 percent of votes cast in favour.

Additional details in respect of the Meeting's voting results can be found on Pembina's profile at www.sedarplus.ca and www.sec.gov.

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com.

Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive.

Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.

Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

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