Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said it will engage with shareholders after 33.47% voted against its new equity compensation plan, despite all resolutions passing at the company’s annual meeting.
The plan secured 66.53% support. Sintana said the opposition amounted to a significant minority and that its board would consult shareholders under the QCA Corporate Governance Code before considering its future approach to the issue.
Shareholders also ratified amended and restated bylaws with 89.10% support and approved the appointment of auditors, while all six directors standing for election were returned.
Chief executive Robert Bose said Sintana expects “multiple high-impact catalysts” across its portfolio over the next 12 months.
"We are grateful for the ongoing support of our shareholders ... We anticipate the next period will be an exciting and extremely busy one for our company," he said.
