ITEM 5.07 Submission of Matters to a Vote of Security Holders.
OnJanuary 14, 2020 ,Encana Corporation (the "Corporation") held a special meeting of securityholders (the "Special Meeting"). At the Special Meeting, the Corporation's securityholders considered and voted upon the proposal to approve a series of reorganization transactions (the "Reorganization"), which will include (i) a plan of arrangement under Section 192 of the Canada Business Corporations Act involving, among others, the Corporation, securityholders of the Corporation and a wholly-owned subsidiary of the Corporation,Ovintiv Inc. ("Ovintiv"), pursuant to which, among other things, the Corporation will complete a share consolidation on the basis of one post-consolidation share for each five pre-consolidation shares, and Ovintiv will ultimately acquire all of the issued and outstanding common shares of the Corporation in exchange for shares of Ovintiv on a one-for-one basis and become the parent company of the Corporation and its subsidiaries (collectively, the "Arrangement"), and (ii) as soon as practicable following the Arrangement, Ovintiv migrating out ofCanada and becoming aDelaware corporation.
The resolution to approve the Reorganization received the following votes:
# Votes For % Votes For # Votes Against % Votes AgainstEncana shareholders and incentive award holders, voting together as a single class 853,854,689 90.16 93,168,706 9.84Encana shareholders, voting separately 838,079,006 90.06 92,545,144 9.94 ITEM 8.01 Other Events. OnJanuary 14, 2020 ,Encana issued a news release announcing the results of the Special Meeting. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K. --------------------------------------------------------------------------------
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description Exhibit 99.1 News Release datedJanuary 14, 2020 . Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source