Shareholders approve combination of Cenovus and Husky
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.
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