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Crescent Point Announces Annual General Meeting Voting Results

May 24, 2017

May 24, 2017 CALGARY, ALBERTA. Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and

NYSE: CPG) held its annual general meeting on May 24, 2017, in Calgary. Approximately 247 million shares, representing 45.25% of common shares, were represented in person or by proxy at the meeting.

 

During the regular business proceedings at the meeting, shareholders approved the election of all nominated directors.

 

Full voting results for all resolutions are below. For comparison, the Company has also included the voting results in favour of resolutions that were passed at last year’s annual general meeting, which had 46.84% of common shares represented in person or by proxy.

 

  1. Fixing Number of Directors

     

    The appointment of 10 board members for the ensuing year was approved by a show of hands. Proxies and in-person votes were received as follows:

     

    Votes For

    Percent

    Against

    Percent

    2016 Votes For

    244,038,359

    99.02%

    2,423,725

    0.98%

    99.68%

     

  2. Election of Directors

     

    The 10 director nominees proposed by management were elected by a show of hands. Proxies and in-person votes were received as follows:

     

    Nominee

    Votes For

    Percent

    Withheld

    Percent

    2016 Votes For

    Rene Amirault

    225,222,556

    91.96%

    19,692,511

    8.04%

    78.43%

    Peter Bannister

    228,096,881

    93.13%

    16,818,186

    6.87%

    98.53%

    Laura A. Cillis

    230,027,638

    93.92%

    14,887,429

    6.08%

    89.49%

    D. Hugh Gillard

    225,870,725

    92.22%

    19,044,342

    7.78%

    88.46%

    Ted Goldthorpe

    240,695,393

    98.28%

    4,219,674

    1.72%

    N/A

    Robert F. Heinemann

    222,532,395

    90.86%

    22,382,672

    9.14%

    89.29%

    Mike Jackson

    232,957,004

    95.12%

    11,958,063

    4.88%

    N/A

    Barbara Munroe

    229,394,691

    93.66%

    15,520,376

    6.34%

    99.59%

    Gerald A. Romanzin

    235,966,066

    96.35%

    8,949,001

    3.65%

    98.68%

    Scott Saxberg

    230,364,374

    94.06%

    14,550,693

    5.94%

    97.04%

     

  3. Appointment of Auditors

     

    The appointment of PricewaterhouseCoopers LLP as Crescent Point’s auditors was approved by a show of hands. Proxies and in-person votes were received as follows:

     

    Votes For

    Percent

    Withheld

    Percent

    2016 Votes For

    244,568,538

    99.23%

    1,893,546

    0.77%

    99.31%

  4. Advisory Vote on Executive Compensation

 

The resolution to accept the Company’s approach to executive compensation, the full text of which is set forth in the Information Circular, was approved. Proxies and in-person votes were received as follows:

 

Votes For

Percent

Against

Percent

2016 Votes For

211,568,818

86.36%

33,422,825

13.64%

31.00%

 

“Throughout 2016, our Board and Compensation Committee worked with shareholders and incorporated their feedback in our revised compensation plan,” said Scott Saxberg, president and CEO of Crescent Point. “We remain committed to being transparent and accountable with our investors and value ongoing feedback.”

 

The biographies of Crescent Point’s board members and more details about the Company’s corporate governance practices are available on www.crescentpointenergy.com.

 

Crescent Point is one of Canada’s largest light and medium oil producers, based in Calgary, Alberta. The Company is focused on growing its significant resource base in the Williston Basin, southwest Saskatchewan and the Uinta Basin in Utah.

Crescent Point strives to maximize shareholder returns through its total return strategy of long-term growth plus dividend income.

 

CRESCENT POINT ENERGY CORP.

 

Scott Saxberg,

President and Chief Executive Officer

 

FOR MORE INFORMATION ON CRESCENT POINT, PLEASE CONTACT:

Ken Lamont, Chief Financial Officer, or Brad Borggard, Vice President, Corporate Planning and Investor Relations Telephone: (403) 693-0020 Toll-free (US & Canada): 888-693-0020

Fax: (403) 693-0070 Website: www.crescentpointenergy.com

 

Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.

Crescent Point Energy Corp.

Suite 2000, 585 - 8th Avenue S.W. Calgary, Alberta T2P 1G1

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