Reports Over 60% of Shares Voted on Simpson Oil’s GOLD Proxy Card
Cautions Incumbent Board NOT to Deploy Further Questionable Tactics That Could Delay the Shareholder Meeting or the Integrity of the Vote
Calls on Current Board to Begin an Orderly Transition
Simpson Oil Limited, the largest shareholder of Parkland Corporation, holding 19.8% of the Company’s outstanding common shares, announced that over 60% of Parkland’s shares have voted on Simpson Oil’s GOLD Proxy Card in support of significant change at the Company’s upcoming Annual General Meeting on May 6, 2025 (the “Meeting” or “AGM”). Based on the proxies deposited with the Company today, Simpson Oil expects that its nominees will hold a majority of seats on the Company’s board of directors.
Simpson Oil would like to thank shareholders for their overwhelming support. The new directors will act on behalf of all shareholders to maximize value, restore accountability in the boardroom, and oversee a credible strategic review process. The Simpson Oil nominees look forward to working with the incumbent directors to ensure an orderly transition at next Tuesday’s AGM without any delays or last-ditch entrenchment tactics.
The proxy tabulations announced by Simpson Oil are not final vote tallies as the actual voting will take place at the Meeting, with final votes tabulated by the Company’s scrutineers. The final results of the AGM will be filed by Parkland on SEDAR+ following the Meeting.
Shareholders who have already voted using the GOLD Proxy card are encouraged to take no action. Shareholders who have voted on the management proxy or have not yet voted and who wish to support Simpson Oil’s nominees, are encouraged to still vote using the GOLD proxy which will be accepted if the company decides to waive the vote cut-off. Shareholders also have the right to revoke the management proxy at any time prior to the Meeting’s commencement.
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