Cambi ASA (CAMBI) Earnings Call Transcript & Summary
October 25, 2024
Earnings Call Speaker Segments
Per Lillebø
executiveThen I will open this extraordinary general meeting in Cambi ASA. We have proposed an agenda, which we will go through and approve as Item #3, but let me just give a short background for this extraordinary general meeting. The reason for having this meeting is that I had to withdraw from the Board as I cannot be both CEO and Chairman. I was the Chairman, but I have to withdraw as Eirik Fadnes left his position as CEO of the company. So to come in line or meet the requirements of our Articles of Association, we needed to call for an extraordinary general assembly meeting to elect a new Chairman of the Board. So this is the entire background for this meeting. So then after I will give the word to Vibecke Hverven, who is a member of the Board. He will chair the rest of the meeting. Starting maybe with Item #2, listing of the attendees of the meeting.
Vibecke Hverven
executiveYes. Thank you. Actually, that's Item #1 because -- yes, so the Item #1 is the registration of the attendees.
Unknown Attendee
attendeeYes, I do. I would have to register you as well. Can you say the name of the other one? Yes. I just need to get the total participation with these shares. So yes, this means that we have today a total of 89% of the votes represented, more exactly 141,945,177 shares.
Vibecke Hverven
executiveOkay. Thank you. And the next item is that we need a person to cosign the minutes of the meeting together with me. And I suggest that [indiscernible] will be the person who is in favor? [Voting]
Unknown Attendee
attendeeSo I noticed that all the shareholders present in the meeting have voted in favor. Everyone who has delivered proxies to the Chair, Per Lillebø and advanced votes are also for. So 100% of the registered votes like my vote to cosign the meet.
Vibecke Hverven
executiveThank you. The third item is the approval of the notice and also the approval of the agenda. Who is in favor of what we have today? Yes. [Voting]
Unknown Attendee
attendeeSo I notice that also all the shareholders present at the meeting have voted for. Likewise, all the proxy and all the advanced votes are for this item. So 100% of the votes casted are in favor.
Vibecke Hverven
executiveThank you. And the fourth item is why we are here today, the change of the composition of the Board of Directors. And Per Lillebø has already given an explanation why this is needed. So I can read that following Eirik Fadnes' resignation as CEO, the Chair of the Board, Per Audun Lillebo will step in as interim CEO. Andreas Mork will take over the role as Chair of the Board. The Board of Directors proposes that the general meeting passes the following resolution. Per Audun Lillebo is stepping down from the Board. Andreas Mork is elected as Chair of the Board until the next Annual General Meeting. After the resolution, the Board of the Directors elected by the shareholders will be constituted by the persons listed -- by the persons here, Andreas Mork, Chair, [ Jean-Michel Herrewyn ], Birgitte Judith-Lillebo Sandvold, [indiscernible] as an observer. Who is in favor? [Voting]
Unknown Attendee
attendeeSo I notice that all the shareholders present at the meeting have voted in favor. We have proxy votes with instructions in amount of 30,523,266 shares that are also voting in favor. And then we have, among the advanced votes, mostly votes in favor, but in total, 3,868,969 votes against. This means that for this motion, of the expressed votes, 97.97% are in favor. Of the total share capital, 86.26% are in favor.
Vibecke Hverven
executiveThank you. Let me actually close the meeting.
Per Lillebø
executiveIs there any one raising the hand to ask questions?
Unknown Attendee
attendeeNobody has raised the hand to ask questions. So we can adjourn the meeting.
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