/EINPresswire.com/ -- CALGARY, ALBERTA -- (Marketwired) -- 05/13/16 -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG)(NYSE: CPG) held its Annual and Special Meeting of Shareholders on May 13, 2016, in Calgary. A total of 237 million shares, representing 46.84% 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 and Special Meeting of Shareholders, which had approximately 45% of common shares represented in person or by proxy.

1. Fixing Number of Directors

The appointment of nine 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    2015 Votes For
----------------------------------------------------------------------------
  236,164,861       99.68%         757,735          0.32%         99.73%
----------------------------------------------------------------------------

2. Election of Directors

The nine 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 2015 Votes For
----------------------------------------------------------------------------
Rene Amirault         179,730,997  78.43%  49,421,598  21.57%     99.57%
Peter Bannister       225,777,384  98.53%   3,375,210   1.47%     99.69%
Laura A. Cillis       205,079,293  89.49%  24,073,302  10.51%     99.86%
D. Hugh Gillard       202,715,449  88.46%  26,437,146  11.54%     99.70%
Robert F. Heinemann   204,615,793  89.29%  24,536,802  10.71%     99.70%
Barbara Munroe        228,201,714  99.59%     950,881   0.41%       N/A
Gerald A. Romanzin    226,119,817  98.68%   3,032,778   1.32%     99.63%
Scott Saxberg         222,367,007  97.04%   6,785,588   2.96%     99.76%
Gregory G. Turnbull,
 QC                   156,089,301  68.12%  73,063,294  31.88%     76.53%
----------------------------------------------------------------------------

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    2015 Votes For
----------------------------------------------------------------------------
  235,288,263       99.31%        1,633,333         0.69%         99.76%
----------------------------------------------------------------------------

4. Amendment to Restricted Share Bonus Plan - Increase Common Share Reserve

The amendment to the restricted share bonus plan to increase the common share reserve was approved by ballot. Proxies and in-person votes were received as follows:

----------------------------------------------------------------------------
   Votes For        Percent        Against         Percent    2015 Votes For
----------------------------------------------------------------------------
  187,486,458       81.82%        41,666,012       18.18%           N/A
----------------------------------------------------------------------------

5. Amendment to Restricted Share Bonus Plan - Increase Grant Limits to Directors

The amendment to the restricted share bonus plan to increase the grant limits to directors was approved by ballot. Proxies and in-person votes were received as follows:

----------------------------------------------------------------------------
   Votes For        Percent        Against         Percent    2015 Votes For
----------------------------------------------------------------------------
  188,044,491       82.06%        41,108,104       17.94%           N/A
----------------------------------------------------------------------------

6. 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 not approved. Proxies and in-person votes were received as follows:

----------------------------------------------------------------------------
   Votes For        Percent        Against         Percent    2015 Votes For
----------------------------------------------------------------------------
   71,035,458       31.00%       158,117,133       69.00%         97.32%
----------------------------------------------------------------------------

The board of directors acknowledges the level of support received for Crescent Point's approach to executive compensation and will consider this vote as it continues to improve its compensation plan. The Compensation Committee will engage with shareholders and enlist leading compensation advisors in this process.

"I want to reassure our shareholders that while they approved the same compensation plan with 97 percent support at last year's Annual General Meeting, the board will move forward to continue to improve our plan," said Bob Heinemann, the chair of Crescent Point's compensation committee. "We've already begun this process. We are committed to implementing changes this year that improve our plan in ways that align with shareholder interests while continuing to meet our corporate objectives of attracting and retaining a high quality staff and fostering the entrepreneurial and innovative culture that is key to Crescent Point's success."

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

Crescent Point is a leading North American light and medium oil producer that seeks to maximize shareholder return through its total return strategy of long-term growth plus dividend income.

CRESCENT POINT ENERGY CORP.

Scott Saxberg, President and Chief Executive Officer

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

Crescent Point Energy Corp.

Suite 2000, 585 - 8th Avenue S.W.

Calgary, Alberta T2P 1G1

Contacts:
Crescent Point Energy Corp.
Ken Lamont
Chief Financial Officer
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
(403) 693-0070 (FAX)

Crescent Point Energy Corp.
Trent Stangl
Senior Vice President, Investor Relations and Communications
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
(403) 693-0070 (FAX)
www.crescentpointenergy.com