CALGARY, ALBERTA–(Marketwired – May 13, 2014) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the voting results from its Annual and Special Meeting of shareholders held May 12th, 2014 in Calgary, Alberta (the “Meeting”). Shareholders were asked to vote on a number of proposals as described in detail in Inter Pipeline’s Management Information Circular dated March 28, 2014.
A total of 112,691,479 common shares representing 35.19% of Inter Pipeline’s issued and outstanding shares were voted in person or by proxy in connection with the Meeting.
Election of Directors
Inter Pipeline is pleased to announce that all board nominees were overwhelmingly elected for a term ending at the next annual general meeting. The voting results are set out below:
|Nominee||Percent of Votes For||Percent of Votes Withheld|
|Alison Taylor Love||99.43||0.57|
All other resolutions tabled at the Meeting were successfully approved by shareholders with very strong support, including the appointment of Ernst & Young LLP as auditors, the amendment to Inter Pipeline articles to create a new class of preferred shares, and the approval of the shareholder protection rights plan. Detailed voting results for all resolutions will be posted under Inter Pipeline Ltd.’s profile at www.sedar.com.
Inter Pipeline Ltd.
Inter Pipeline is a major petroleum transportation, natural gas liquids extraction, and bulk liquid storage business based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in western Canada and northern Europe. Additional information about Inter Pipeline can be found at www.interpipeline.com Inter Pipeline’s common shares trade on the Toronto Stock Exchange under the symbol IPL.
Certain information contained herein may constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, including, but not limited to, statements regarding the sustainability of future dividends. Such information, although considered reasonable by Inter Pipeline at the time of preparation, may later prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as “may”, “will”, “should”, “anticipate”, “expects” and similar expressions. Such risks and uncertainties include, but are not limited to, risks associated with operations, such as loss of markets, regulatory matters, environmental risks, industry competition, potential delays and cost overruns of construction projects, and the ability to access sufficient capital from internal and external sources. You can find a discussion of those risks and uncertainties in Inter Pipeline’s securities filings at www.sedar.com. The forward-looking statements contained in this news release are made as of the date of this document, and, except to the extent required by applicable securities laws and regulations, Inter Pipeline assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary note. All dollar values are expressed in Canadian dollars unless otherwise noted.
Vice President, Capital Markets
403-290-6015 or 1-866-716-7473
Inter Pipeline Ltd. – Media Relations
Director, Corporate and Investor Communications