Oil & Gas Product News Logo

This ad will close in 15 seconds

Shareholders approve combination of Cenovus and Husky

Cenovus and Husky logos

Cenovus Energy Inc. and Husky Energy Inc. are pleased to announce that securityholders from both companies have voted to support the proposed transaction, announced October 25, 2020, to combine the two companies into a resilient integrated energy leader.

On December 15, 2020, Cenovus and Husky held separate special shareholder meetings via live webcast. Each company's securityholders, respectively, voted on resolutions in connection with the proposed business combination as described in the Joint Management Information Circular dated November 9, 2020.

  • At the Cenovus special meeting, the resolution authorizing the issuance of Cenovus common shares and warrants to Husky common shareholders under the Plan of Arrangement, as set out in the Joint Management Information Circular, was approved by 93.31% of the votes cast. 
  • At the Husky special meeting, the resolution approving the Plan of Arrangement was approved by 99.94% of the votes cast by Husky common shareholders and 99.92% of the votes cast by Husky common shareholders and optionholders, voting together as a single class. 
  • In addition, the resolution approving the exchange of Husky preferred shares for Cenovus preferred shares was approved by 97.85% of the votes cast by Husky preferred shareholders, voting together as a single class. 

The completion of the combination remains subject to approval of the Court of Queen's Bench of Alberta and the receipt of all necessary regulatory approvals.

Company info

500 Centre Street SE
P.O. Box 766
Calgary, AB
CA, T2P 0M5

Website:
cenovus.com

Phone number:
1-877-766-2066

Read more

707 8 Ave SW
Calgary, AB
CA, T2P 1H5

Website:
huskyenergy.com

Read more

Related Articles

Sponsored Brought to you by: Volvo Construction Equipment Logo

Faster cycle times keep your haulers moving

The new Volvo EC950F crawler excavator was made for large haulers. In fact, it can fill our 60-ton A60H haul truck in just four bucket passes with an average cycle time of just over a minute. With the perfect pair from Volvo, you can improve efficiency, burn less fuel and keep your haulers moving.

 Watch these two powerful machines load four passes in just over a minute.

Learn more