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Sunshine Oilsands Ltd.: Poll Results of the Annual General Meeting of Shareholders Held on June 30, 2016 (Hong Kong Time) and June 29, 2016 (Calgary Time)

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06/30/2016 | 06:57am CEST

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Jun 30, 2016) - Reference is made to the notice of the annual general meeting of shareholders (the "Meeting") of Sunshine Oilsands Ltd. (the "Corporation") (HKSE:2012) and the accompanying form of proxy both dated May 31, 2016 (the "Notice").

Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Corporation's management information circular dated May 31, 2016 (the "Circular).

The board of directors (the "Board") of the Corporation is pleased to announce that the resolutions, as set out in the Notice subject to the next following paragraph, were duly passed by the shareholders of the Corporation (the "Shareholders") by way of poll at the Meeting held on June 30, 2016 (Hong Kong time) and June 29, 2016 (Calgary time). Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Corporation, was appointed as the scrutineer for the vote-taking at the Meeting.

Poll results in respect of all the resolutions proposed at the Meeting are set out below:

Ordinary
Resolution
Number of Votes (%) Total Voting Rights
Present at the
For Against Meeting
1. To approve the fixing the number of directors to be elected at the Meeting at eleven (11) 1,260,047,472
(99.999940%)
750
(0.000060%)
1,260,048,222
The resolution was duly passed as an ordinary resolution.
Ordinary
Resolution
Number of Votes (%) Total Voting Rights
Present at the
For Withheld Meeting
2. To elect the following directors for the ensuing year:
Kwok Ping Sun 1,259,621,222
(100.000000%)
0
(0.000000%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Michael J. Hibberd 1,256,610,822 (99.761008%) 3,010,400
(0.238992%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Hong Luo 1,259,610,072 (99.999115%) 11,150
(0.000885%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Qi Jiang 1,259,620,472 (99.999940%) 750
(0.000060%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Chen Jianzhong 1,259,620,472 (99.999940%) 750
(0.000060%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Raymond S. Fong 1,256,610,072
(99.760948%)
3,011,150
(0.239052%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Gerald F. Stevenson 1,256,620,472
(99.761774%)
3,000,750
(0.238226%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Qiping Men 1,259,620,472
(99.999940%)
750
(0.000060%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Joanne Yan 1,259,621,222
(100.000000%)
0
(0.000000%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Yi He 1,259,620,472
(99.999940%)
750
(0.000060%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Xijuan Jiang 1,259,620,472
(99.999940%)
750
(0.000060%)
1,259,621,222
The resolution was duly passed as an ordinary resolution.
Ordinary
Resolution
Number of Votes (%) Total Voting Rights
Present at the
For Against Meeting
To appoint Deloitte LLP as the auditor of the Corporation for the ensuing year and authorizing the directors of the Corporation to fix their remuneration as such. 1,260,053,222
(100.000000%)
0
(0.000000%)
1,260,053,222
The resolution was duly passed as an ordinary resolution.
Ordinary
Resolution
Number of Votes (%) Total Voting Rights
Present at the
For Against Meeting
4. To approve a proposal for the Corporation to grant to the Board a general mandate to allot, issue and otherwise deal with un-issued Shares not exceeding twenty percent (20%) of its issued share capital, as more particularly described in the Circular. 1,256,717,875
(99.735301%)
3,335,347
(0.264699%)
1,260,053,222
The resolution was duly passed as an ordinary resolution.
Ordinary
Resolution
Number of Votes (%) Total Voting Rights
Present at the
For Against Meeting
5. To approve a proposal for the Corporation to grant to the Board a general mandate to repurchase Shares not exceeding ten percent (10%) of its issued share capital, as more particularly described in the Circular 1,260,053,222
(100.000000%)
0
(0.000000%)
1,260,053,222
The resolution was duly passed as an ordinary resolution.

As at June 30, 2016 (Hong Kong time)/ June 29, 2016 (Calgary time), the total number of shares of the Corporation was 4,430,702,437 Shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions proposed at the Meeting. There were no restrictions on the holders of the Shares to attend and vote for or against the resolutions proposed at the Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of any of the resolutions at the Meeting as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). No Shareholder was required under the Listing Rules to abstain from voting for approving the resolutions proposed at the Meeting. No parties indicated in the Circular that they intended to vote against or to abstain from voting on any resolutions at the Meeting.

By Order of the Board of Sunshine Oilsands Ltd.

Kwok Ping Sun, Executive Chairman

Hong Kong, June 30, 2016
Calgary, June 29, 2016

As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo, Dr. Qi Jiang and Mr. Qiping Men as executive directors; Mr. Michael John Hibberd, Mr. Jianzhong Chen and Ms. Xijuan Jiang as non-executive directors; and Mr. Raymond Shengti Fong, Mr. Gerald Franklin Stevenson, Ms. Joanne Yan and Mr. Yi He as independent non-executive directors.

* For identification purposes only

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.


© Marketwired 2016
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