Calfrac provides details of share split and voting results of election of directors

 Calfrac provides details of share split and voting results of election of  directors  CALGARY, May 9, 2014 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW)  announced today that, at its annual and special meeting of shareholders held  on May 8, 2014, its shareholders approved a split of its common shares on a  two-for-one basis and the seven nominees proposed as directors and listed in  Calfrac's management information circular dated March 28, 2014 were elected as  directors.  Share Split  The record date for the share split will be the close of business on May 23,  2014.  The payment date, being the date on which Computershare Trust Company  of Canada, Calfrac's transfer agent, will mail additional share certificates  representing the common shares to which shareholders are entitled as a result  of the share split, will be on May 30, 2014.  All future dividends approved by  Calfrac's board of directors will reflect the two-for-one share split.  The Toronto Stock Exchange has determined to implement due bill trading in  connection with the share split.  A due bill is an entitlement attached to  listed securities undergoing a material corporate action, such as a share  split.  In this instance, the entitlement is to the additional common shares  of Calfrac issuable as a result of the share split.  The common shares of  Calfrac will trade on a due bill basis from May 21, 2014 to May 30, 2014,  inclusive.  Any trades that are executed on the Toronto Stock Exchange during  this period will be flagged to ensure purchasers receive the entitlement to  the additional common shares issuable as a result of the share split.   Ex-distribution trading in the common shares on a split-adjusted basis will  commence on June 2, 2014.  The due bill redemption date will be June 4, 2014.  For beneficial shareholders who hold their shares in an account with their  investment dealer or other intermediary, their account will be automatically  updated to reflect the share split.  Registered shareholders should retain  their current Calfrac share certificates, which will remain valid and continue  to represent the number of Calfrac common shares indicated on those  certificates.  Share certificates representing additional common shares of  Calfrac issuable as a result of the share split will be mailed to registered  shareholders, at the addresses indicated on Calfrac's shareholder register, on  May 30, 2014.  The combination of the current share certificates and the  additional share certificates will represent each shareholder's total  post-split shareholdings.  Voting Results of Election of Directors  Detailed results of the voting for each nominee are set out below.         ____________________________________________________     |         Nominee   |     Votes For  |Votes Withheld |     |                   |________________|_______________|     |                   |   Number |   % |  Number |   % |     |___________________|__________|_____|_________|_____|     |Fernando Aguilar   |37,813,639|99.65| 133,638 |0.35 |     |___________________|__________|_____|_________|_____|     |Kevin R. Baker     |35,006,159|92.25|2,941,119|7.75 |     |___________________|__________|_____|_________|_____|     |James S. Blair     |37,854,697|99.76|  92,581 |0.24 |     |___________________|__________|_____|_________|_____|     |Gregory S. Fletcher|35,760,629|94.24|2,186,649|5.76 |     |___________________|__________|_____|_________|_____|     |Lorne A. Gartner   |37,881,369|99.83|  65,909 |0.17 |     |___________________|__________|_____|_________|_____|     |Ronald P. Mathison |33,859,782|89.23|4,087,496|10.77|     |___________________|__________|_____|_________|_____|     |Douglas R. Ramsay  |37,782,407|99.57| 164,871 |0.43 |     |___________________|__________|_____|_________|_____|  Calfrac's common shares are publicly traded on the Toronto Stock Exchange  under the trading symbol "CFW".  Calfrac provides specialized oilfield  services to exploration and production companies designed to increase the  production of hydrocarbons from wells drilled throughout western Canada, the  United States, Argentina, Colombia, Mexico and Russia.  This press release contains forward-looking statements and forward-looking  information within the meaning of applicable securities laws. The use of any  of the words "expect", "anticipate", "continue", "estimate", "may", "will",  "project", "should", "believe", "plans", "intends" and similar expressions are  intended to identify forward-looking information or statements. More  particularly and without limitation, this press release contains  forward-looking statements and information relating to the share split,  including the record date, the payment date, the due bill trading dates, the  ex-distribution date, the due bill redemption date and future dividend  payments. These forward-looking statements and information are based on  certain key expectations and assumptions made by Calfrac. Although Calfrac  believes that the expectations and assumptions on which such forward-looking  statements and information are based are reasonable, undue reliance should not  be placed on the forward-looking statements and information as Calfrac cannot  give any assurance that they will prove to be correct. Since forward-looking  statements and information address future events and conditions, by their very  nature they involve inherent risks and uncertainties. Actual results could  differ materially from those currently anticipated due to a number of factors  and risks. These include, but are not limited to, risks associated with the  ability of Calfrac to obtain the required shareholder and regulatory approvals  to complete the share split; prevailing economic conditions; commodity prices;  sourcing, pricing and availability of raw materials, component parts,  equipment, suppliers, facilities and skilled personnel; dependence on major  customers; uncertainties in weather and temperature affecting the duration of  the service periods and the activities that can be completed; health, safety  and environmental risks; exchange rate fluctuations; marketing and  transportation; loss of markets; environmental risks; governmental  regulations; competition; incorrect assessment of the value of acquisitions;  failure to realize the anticipated benefits of acquisitions; ability to access  sufficient capital from internal and external sources; failure to obtain  required regulatory and other approvals; and changes in legislation, including  but not limited to tax laws, royalties and environmental regulations.  Readers are cautioned that the foregoing list of risks and uncertainties is  not exhaustive. Additional information on these and other risk factors that  could affect Calfrac's operations or financial results are included in  Calfrac's annual information form and may be accessed through the SEDAR  website (www.sedar.com). The forward-looking statements and information  contained in this press release are made as of the date hereof and Calfrac  does not undertake any obligation to update publicly or revise any  forward-looking statements or information, whether as a result of new  information, future events or otherwise, unless so required by applicable  securities laws.    SOURCE  Calfrac Well Services Ltd.  Fernando Aguilar President and Chief Executive Officer Telephone: (403)  266-6000 Fax: (403) 266-7381  Michael J. McNulty Chief Financial Officer Telephone: (403) 266-6000 Fax:  (403) 266-7381  Ian Gillies Manager, Investor Relations Telephone: (403) 266-6000 Fax: (403)  266-7381  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/09/c7527.html  CO: Calfrac Well Services Ltd. ST: Alberta NI: OIL 2575 WNEWS  
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