Canadian Natural Resources Limited Announces Amendment to Stock Option Plan
Rhea-AI Summary
Canadian Natural Resources (TSX: CNQ) (NYSE: CNQ) has announced an amendment to its Amended, Compiled and Restated Stock Option Plan. The key modification clarifies that any changes to the Plan's amendment provisions now require explicit shareholder approval.
The amendment updates information on page 16 and Schedule D of the company's March 19, 2025 proxy statement and management information circular. Shareholders will vote on approving unallocated stock options under the modified Plan at the upcoming annual and special meeting scheduled for May 8, 2025 at 11:00 am (MDT).
The company states that this amendment aligns with Institutional Shareholder Services (ISS) policies and encourages shareholders to vote in favor of approving the unallocated stock options under the modified Plan.
Positive
- Enhanced shareholder rights through required approval for Plan amendments
- Improved corporate governance alignment with ISS policies
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CNQ gained 3.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - April 15, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that it has amended its Amended, Compiled and Restated Stock Option Plan (the "Plan") to clarify that the amendment provisions of the Plan require shareholder approval for any amendments to such provisions (the "Amendment"). The Amendment updates the disclosure on page 16 and Schedule D of Canadian Natural's proxy statement and management information circular dated March 19, 2025 (the "Circular") and is effective as of the date hereof.
Canadian Natural's shareholders are being asked to approve all unallocated stock options pursuant to the Plan, as modified by the Amendment, at the Company's upcoming annual and special meeting of shareholders to be held on May 8, 2025 at 11:00 am (MDT). Canadian Natural believes that the Amendment is consistent with the policies of Institutional Shareholder Services ("ISS") and encourages all shareholders to vote FOR the approval of the unallocated stock options under the Plan, as modified by the Amendment, all as more particularly described in the Circular.
Canadian Natural is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
| CANADIAN NATURAL RESOURCES LIMITED T (403) 517-6700 F (403) 517-7350 E ir@cnrl.com 2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8 www.cnrl.com | ||
| SCOTT G. STAUTH President MARK A. STAINTHORPE Chief Financial Officer LANCE J. CASSON Manager, Investor Relations Trading Symbol - CNQ Toronto Stock Exchange New York Stock Exchange |
Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding Non-GAAP and Other Financial Measures at www.cnrl.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248645
FAQ
What changes did Canadian Natural Resources (CNQ) make to its Stock Option Plan in April 2025?
When will CNQ shareholders vote on the modified Stock Option Plan?
How does the CNQ Stock Option Plan amendment affect shareholders?
What is the purpose of CNQ's Stock Option Plan amendment in 2025?
