ARC Resources Ltd. Announces Approval of Resolutions at Annual and General Meeting of Shareholders

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CALGARY, AB, June 22, 2021 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Corporation") is pleased to announce that its shareholders approved all resolutions at its Annual and General Meeting of Shareholders (the "Meeting") held on June 22, 2021.

ARC Resources Ltd. Logo (CNW Group/ARC Resources Ltd.)
ARC Resources Ltd. Logo (CNW Group/ARC Resources Ltd.)

During the business proceedings of the Meeting, ARC's shareholders approved the following resolutions:

1. Resolution to appoint 11 board members, with 96.20 per cent to 99.35 per cent of shares represented at the Meeting voting in favour of individual directors as follows:

Directors

Approval Percentage

Withheld Percentage

Harold N. Kvisle

98.31


1.69


Farhad Ahrabi

99.19


0.81


David R. Collyer

96.20


3.80


Susan C. Jones

97.34


2.66


William J. McAdam

98.81


1.19


Michael G. McAllister

97.40


2.60


Kathleen M. O'Neill

98.79


1.21


Marty L. Proctor

98.78


1.22


M. Jacqueline Sheppard

96.66


3.34


Leontine van Leeuwen-Atkins

99.27


0.73


Terry M. Anderson

99.35


0.65


2. Resolution to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Corporation's auditors, with 99.84 per cent of the shares represented at the Meeting voting in favour of the resolution.

3. Resolution to accept the Corporation's approach to executive compensation ("say on pay"), as disclosed in ARC's 2021 Information Circular – Proxy Statement, with 94.56 per cent of shares represented at the Meeting voting in favour of the advisory resolution.

About ARC

ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG characteristics. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

Please visit ARC's website at www.arcresources.com or contact Investor Relations:
E-mail: IR@arcresources.com
Telephone: (403) 503-8600
Fax: (403) 509-6427
Toll Free: 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 - 4 Avenue SW
Calgary, AB T2P 0H7

SOURCE ARC Resources Ltd.

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