ARC Resources Ltd. (ARX) Earnings Call Transcript & Summary

Good morning. My name is Hal Kvisle, and I'm the Chair of the Board of ARC Resources Ltd. Welcome to the Special Meeting of Shareholders of ARC Resources Ltd. I am pleased that we were able to connect with so many of you today despite the extraordinary situation we continue to face with COVID-19. Although we are unable to meet in person, our goal today is to ensure that you are able to participate fully in this special meeting. This meeting today is hosted on the Lumi virtual shareholder meeting platform, and instructions on how to ask questions on the voting procedure will appear on your screen. The meeting will now come to order. I will act as Chair of the meeting, and I will ask Grant Zawalsky to act as Secretary. And Stephen Bandola and Erika Rowe, representatives of Computershare Trust Company of Canada, to act as scrutineers. I have received a declaration from Computershare Trust Company of Canada as to the mailing of the meeting material to our shareholders. In addition, the scrutineers' report has now been received, and I confirm that a quorum of shareholders is present at this meeting. And therefore, I declare that the meeting is regularly called and properly constituted for the transaction of business. We will conduct the voting at today's meeting via electronic ballot on the Lumi platform. If you have previously voted, you do not need to vote again when prompted. By voting again, you will revoke any previous vote made prior to the voting cutoff. To my knowledge, the ordinary resolution to be considered today will be passed by the proxies deposited in advance of the meeting. There will be an opportunity to ask questions on the resolution in turn. Once discussion in respect of the ordinary resolution is concluded, voting will open. Registered shareholders and proxyholders will then have approximately 2 minutes to cast their vote. The results will be tallied by the Scrutineer once voting is completed and will be provided at the end of the formal portion of the meeting. The detailed voting results will be disclosed by news release and posted on ARC's website after this meeting. So the only business -- the only item of business to consider at today's meeting is the share issuance solution to approve the issuance of such number of common shares of ARC necessary to satisfy ARC's obligations pursuant to and in connection with the business combination with Seven Generations Energy Ltd. The full text of the share issue resolution is found on Appendix B to the joint management information circular of ARC and Seven Generations dated March 1, 2021.

My name is Martha Wilmot, and I move that the share issuance resolution set out at Appendix B to the joint management information circular of ARC and Seven Generations be approved.

My name is [ Kesra Hamaj ], and I second the motion.

Thank you. Is there any discussion at this time? Or are there any questions submitted from any registered shareholder or proxyholder on the motion?

Mr. Kvisle, we have received no comments or questions on the motion.

So -- and it seems that there are no further questions or comments on the motion. I think we're fine. We will now open the voting for the share issuance resolution. In order for the share issuance resolution to become effective, it must be approved by a majority of the votes cast by registered shareholders and proxyholders. To vote, simply click on for or against as applicable. You will see confirmation immediately above the voting buttons once you've submitted your choice. If you are a registered shareholder or proxyholder, please cast your vote now. [Voting]

Voting is now closed. I am advised by the scrutineers that the share issuance resolution has been approved by more than 95% of the votes cast at this meeting. I therefore declare the motion carried. And I would ask, are there any questions submitted on the formal business of the meeting today?

There are no questions on the formal business of meeting.

With that then, I would like to welcome all of the Seven Generations employees who will be joining the ARC team. We do look forward to having your expertise and your help drive our business forward. And with that, I would now entertain a motion that this meeting be terminated.

I move that this meeting be terminated.

I second the motion.

Thank you, everyone, for participating today. I declare this meeting terminated.